Van ECK Associates Corp Sells 2,702 Shares of RPT Realty (NYSE:RPT)

Van ECK Associates Corp decreased its position in shares of RPT Realty (NYSE:RPT – Get Rating) by 35.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,870 shares of the real estate investment trust’s stock after selling 2,702 shares during the quarter. Van ECK Associates Corp’s holdings in RPT Realty were worth $37,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Point72 Hong Kong Ltd bought a new position in shares of RPT Realty during the 2nd quarter worth $29,000. Captrust Financial Advisors bought a new position in shares of RPT Realty during the 2nd quarter worth $42,000. Federated Hermes Inc. grew its position in shares of RPT Realty by 812.0% during the 1st quarter. Federated Hermes Inc. now owns 5,463 shares of the real estate investment trust’s stock worth $75,000 after buying an additional 4,864 shares in the last quarter. KBC Group NV bought a new position in shares of RPT Realty during the 2nd quarter worth $64,000. Finally, CoreCap Advisors LLC bought a new position in shares of RPT Realty during the 2nd quarter worth $78,000. Institutional investors own 96.01% of the company’s stock.

Wall Street Analysts Forecast Growth

RPT has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft downgraded RPT Realty from a “buy” rating to a “hold” rating and dropped their price target for the stock from $13.00 to $12.00 in a research report on Wednesday, January 4th. Credit Suisse Group downgraded RPT Realty from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $13.00 to $10.00 in a research report on Tuesday, November 1st. Raymond James dropped their price objective on RPT Realty from $13.00 to $12.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 4th. StockNews.com raised RPT Realty from a “sell” rating to a “hold” rating in a research report on Monday, November 14th. Finally, Mizuho dropped their price objective on RPT Realty from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Friday, November 11th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, RPT Realty presently has an average rating of “Hold” and an average price target of $11.33.

RPT Realty Trading Up 0.7 %

RPT Realty stock opened at $10.05 on Friday. The stock has a 50-day moving average of $10.47 and a two-hundred day moving average of $9.87. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.49 and a current ratio of 0.49. RPT Realty has a one year low of $7.28 and a one year high of $14.36. The stock has a market cap of $856.75 million, a PE ratio of 100.51, a price-to-earnings-growth ratio of 1.22 and a beta of 1.61.

RPT Realty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 3rd. Shareholders of record on Tuesday, December 20th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 5.17%. The ex-dividend date of this dividend was Monday, December 19th. RPT Realty’s dividend payout ratio (DPR) is presently 520.05%.

About RPT Realty

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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.