RPT Realty (NYSE:RPT) Given Average Recommendation of “Hold” by Brokerages

RPT Realty (NYSE:RPTGet Rating) has earned a consensus rating of “Hold” from the nine research firms that are covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $11.67.

A number of research firms recently weighed in on RPT. Raymond James lowered their price target on shares of RPT Realty from $15.00 to $13.00 and set an “outperform” rating for the company in a report on Thursday, September 1st. StockNews.com raised shares of RPT Realty from a “sell” rating to a “hold” rating in a report on Monday, November 14th. Mizuho lowered their price target on shares of RPT Realty from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Friday, November 11th. Credit Suisse Group lowered shares of RPT Realty from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $13.00 to $10.00 in a report on Tuesday, November 1st. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of RPT Realty from $14.00 to $13.00 and set a “buy” rating for the company in a report on Friday, October 7th.

RPT Realty Price Performance

RPT Realty stock opened at $11.07 on Wednesday. RPT Realty has a 52-week low of $7.28 and a 52-week high of $14.36. The firm has a fifty day moving average of $9.10 and a 200-day moving average of $10.07. The firm has a market capitalization of $943.71 million, a P/E ratio of 110.71, a PEG ratio of 1.31 and a beta of 1.59. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.16.

RPT Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Tuesday, December 20th will be given a $0.13 dividend. The ex-dividend date of this dividend is Monday, December 19th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.70%. RPT Realty’s payout ratio is currently 520.05%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Point72 Hong Kong Ltd bought a new position in shares of RPT Realty in the 2nd quarter worth about $29,000. Harvest Fund Management Co. Ltd bought a new position in shares of RPT Realty in the 1st quarter worth about $46,000. Captrust Financial Advisors bought a new stake in RPT Realty in the 2nd quarter valued at about $42,000. Federated Hermes Inc. lifted its position in RPT Realty by 812.0% in the 1st quarter. Federated Hermes Inc. now owns 5,463 shares of the real estate investment trust’s stock valued at $75,000 after purchasing an additional 4,864 shares during the last quarter. Finally, KBC Group NV bought a new stake in RPT Realty in the 2nd quarter valued at about $64,000. 97.46% of the stock is currently owned by institutional investors.

About RPT Realty

(Get Rating)

RPT Realty owns and operates a national portfolio of open-air shopping destinations principally located in top U.S. markets. The Company's shopping centers offer diverse, locally-curated consumer experiences that reflect the lifestyles of their surrounding communities and meet the modern expectations of the Company's retail partners.

See Also

Analyst Recommendations for RPT Realty (NYSE:RPT)

Receive News & Ratings for RPT Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RPT Realty and related companies with MarketBeat.com's FREE daily email newsletter.