RPT Realty (NYSE:RPT) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 4,540,000 shares, a decline of 22.1% from the December 15th total of 5,830,000 shares. Currently, 5.8% of the company’s shares are short sold. Based on an average daily volume of 661,000 shares, the short-interest ratio is presently 6.9 days.
A number of equities research analysts have recently issued reports on RPT shares. Zacks Investment Research lowered RPT Realty from a “hold” rating to a “sell” rating in a research report on Thursday, January 9th. Robert W. Baird raised RPT Realty from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $13.00 to $17.00 in a research report on Thursday, December 19th. Finally, ValuEngine raised RPT Realty from a “sell” rating to a “hold” rating in a research report on Friday, October 25th.
Shares of RPT Realty stock traded up $0.06 on Tuesday, reaching $14.47. 413,700 shares of the company were exchanged, compared to its average volume of 552,556. The stock has a fifty day moving average price of $14.57 and a 200-day moving average price of $13.35. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 10.72, a price-to-earnings-growth ratio of -6.49 and a beta of 0.70. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.34. RPT Realty has a fifty-two week low of $11.26 and a fifty-two week high of $15.18.
RPT Realty (NYSE:RPT) last announced its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.22). The company had revenue of $58.92 million for the quarter, compared to analyst estimates of $57.13 million. RPT Realty had a return on equity of 2.04% and a net margin of 6.13%. The firm’s revenue for the quarter was down 8.2% on a year-over-year basis. During the same period last year, the firm earned $0.32 earnings per share. On average, equities analysts anticipate that RPT Realty will post 1.08 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 20th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.08%. The ex-dividend date was Thursday, December 19th. RPT Realty’s dividend payout ratio (DPR) is presently 65.19%.
Institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC acquired a new stake in shares of RPT Realty during the third quarter worth $36,000. Russell Investments Group Ltd. purchased a new position in shares of RPT Realty during the second quarter valued at $83,000. SG Americas Securities LLC purchased a new position in shares of RPT Realty during the third quarter valued at $160,000. Bank of Montreal Can grew its holdings in shares of RPT Realty by 224.0% during the second quarter. Bank of Montreal Can now owns 12,178 shares of the real estate investment trust’s stock valued at $148,000 after buying an additional 8,419 shares in the last quarter. Finally, Assetmark Inc. grew its holdings in shares of RPT Realty by 24.6% during the second quarter. Assetmark Inc. now owns 13,917 shares of the real estate investment trust’s stock valued at $169,000 after buying an additional 2,747 shares in the last quarter.
About RPT Realty
RPT Realty owns and operates a national portfolio of open-air shopping destinations principally located in top U.S. markets. The Company's locally-curated consumer experiences reflect the lifestyles of its diverse neighborhoods and match the modern expectations of its retail partners. The Company is a fully integrated and self-administered REIT publicly traded on the New York Stock Exchange under the ticker symbol RPT.
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