Equities researchers at StockNews.com initiated coverage on shares of RPT Realty (NYSE:RPT – Get Free Report) in a report released on Thursday. The firm set a “hold” rating on the real estate investment trust’s stock.
A number of other equities analysts also recently commented on the stock. Mizuho boosted their price objective on shares of RPT Realty from $9.50 to $11.50 in a research note on Thursday, July 20th. Raymond James downgraded shares of RPT Realty from an “outperform” rating to a “market perform” rating in a research note on Monday, August 28th.
RPT Realty Stock Performance
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of RPT Realty by 85.9% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,064 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 1,416 shares during the period. Point72 Middle East FZE acquired a new position in shares of RPT Realty in the fourth quarter worth about $29,000. Point72 Hong Kong Ltd acquired a new position in shares of RPT Realty in the second quarter worth about $29,000. Clear Street Markets LLC acquired a new position in shares of RPT Realty in the fourth quarter worth about $39,000. Finally, Captrust Financial Advisors acquired a new position in shares of RPT Realty in the second quarter worth about $42,000. 93.91% of the stock is currently owned by institutional investors and hedge funds.
RPT Realty Company Profile
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.
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