Zacks: Analysts Anticipate RPT Realty (NYSE:RPT) Will Post Earnings of $0.27 Per Share

Wall Street brokerages predict that RPT Realty (NYSE:RPT) will report earnings per share (EPS) of $0.27 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for RPT Realty’s earnings, with the lowest EPS estimate coming in at $0.26 and the highest estimate coming in at $0.27. RPT Realty posted earnings of $0.31 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 12.9%. The company is scheduled to report its next earnings report after the market closes on Wednesday, February 19th.

On average, analysts expect that RPT Realty will report full year earnings of $1.09 per share for the current fiscal year, with EPS estimates ranging from $1.08 to $1.09. For the next financial year, analysts anticipate that the business will post earnings of $1.10 per share, with EPS estimates ranging from $1.09 to $1.11. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow RPT Realty.

RPT Realty (NYSE:RPT) last posted its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.22). The firm had revenue of $58.92 million for the quarter, compared to the consensus estimate of $57.13 million. RPT Realty had a net margin of 6.13% and a return on equity of 2.04%. The company’s revenue was down 8.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.32 EPS.

RPT has been the topic of a number of recent analyst reports. ValuEngine raised shares of RPT Realty from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. Zacks Investment Research lowered RPT Realty from a “hold” rating to a “sell” rating in a research report on Thursday, January 9th. Finally, Robert W. Baird raised RPT Realty from a “neutral” rating to an “outperform” rating and upped their target price for the company from $13.00 to $17.00 in a research note on Thursday, December 19th.

Shares of RPT stock traded up $0.07 during trading hours on Friday, reaching $14.66. 434,900 shares of the stock were exchanged, compared to its average volume of 504,892. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 10.86, a price-to-earnings-growth ratio of -6.57 and a beta of 0.70. RPT Realty has a 12-month low of $11.26 and a 12-month high of $15.18. The company’s 50-day moving average price is $14.57 and its 200-day moving average price is $13.39. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.34.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 20th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 6.00%. The ex-dividend date of this dividend was Thursday, December 19th. RPT Realty’s dividend payout ratio (DPR) is presently 65.19%.

Hedge funds have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC lifted its position in shares of RPT Realty by 19.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 24,109 shares of the real estate investment trust’s stock worth $363,000 after purchasing an additional 3,971 shares during the last quarter. 6 Meridian increased its stake in RPT Realty by 2.3% in the 4th quarter. 6 Meridian now owns 45,386 shares of the real estate investment trust’s stock worth $683,000 after buying an additional 1,042 shares during the period. State of Alaska Department of Revenue lifted its holdings in RPT Realty by 21.5% during the 4th quarter. State of Alaska Department of Revenue now owns 82,789 shares of the real estate investment trust’s stock valued at $1,244,000 after buying an additional 14,627 shares in the last quarter. Metropolitan Life Insurance Co NY lifted its holdings in RPT Realty by 3.4% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 29,707 shares of the real estate investment trust’s stock valued at $403,000 after buying an additional 970 shares in the last quarter. Finally, Squarepoint Ops LLC lifted its holdings in RPT Realty by 192.7% during the 3rd quarter. Squarepoint Ops LLC now owns 42,961 shares of the real estate investment trust’s stock valued at $582,000 after buying an additional 28,282 shares in the last quarter.

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 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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Earnings History and Estimates for RPT Realty (NYSE:RPT)

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