RPT Realty (NYSE:RPT) Coverage Initiated at StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of RPT Realty (NYSE:RPT) 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

RPT Realty stock opened at $10.87 on Thursday. The company has a 50 day moving average price of $10.65 and a 200-day moving average price of $10.18. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.39 and a current ratio of 0.39. RPT Realty has a fifty-two week low of $8.62 and a fifty-two week high of $11.67. The company has a market capitalization of $942.73 million, a PE ratio of 14.88, a P/E/G ratio of 2.66 and a beta of 1.62.

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.