Jefferies Financial Group Brokers Increase Earnings Estimates for RPT Realty (NYSE:RPT)

RPT Realty (NYSE:RPT) – Research analysts at Jefferies Financial Group lifted their FY2019 earnings per share (EPS) estimates for RPT Realty in a report released on Monday, June 3rd, according to Zacks Investment Research. Jefferies Financial Group analyst O. Okusanya now forecasts that the real estate investment trust will earn $1.06 per share for the year, up from their previous estimate of $1.05.

Other research analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of RPT Realty from a “sell” rating to a “hold” rating in a research report on Saturday, May 11th. ValuEngine lowered shares of RPT Realty from a “hold” rating to a “sell” rating in a research report on Thursday.

Shares of RPT traded up $0.10 during mid-day trading on Wednesday, reaching $12.11. 914,871 shares of the stock traded hands, compared to its average volume of 548,168. The business has a fifty day simple moving average of $12.54. The firm has a market cap of $965.04 million, a P/E ratio of 8.97, a price-to-earnings-growth ratio of 200.65 and a beta of 0.69. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 1.32. RPT Realty has a 1 year low of $11.26 and a 1 year high of $14.42.

RPT Realty (NYSE:RPT) last released its quarterly earnings results on Wednesday, May 1st. The real estate investment trust reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.15). The firm had revenue of $59.70 million for the quarter, compared to analysts’ expectations of $60.31 million. RPT Realty had a net margin of 8.06% and a return on equity of 2.76%. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.32 earnings per share.

A number of large investors have recently made changes to their positions in RPT. Macquarie Group Ltd. grew its position in RPT Realty by 10.8% in the fourth quarter. Macquarie Group Ltd. now owns 8,244,430 shares of the real estate investment trust’s stock worth $98,521,000 after acquiring an additional 805,406 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in RPT Realty by 10.4% in the third quarter. JPMorgan Chase & Co. now owns 771,948 shares of the real estate investment trust’s stock worth $10,499,000 after purchasing an additional 72,543 shares during the last quarter. Teachers Advisors LLC lifted its stake in RPT Realty by 2.6% in the third quarter. Teachers Advisors LLC now owns 172,073 shares of the real estate investment trust’s stock worth $2,340,000 after purchasing an additional 4,291 shares during the last quarter. Finally, Flinton Capital Management LLC bought a new stake in RPT Realty in the fourth quarter worth $29,000.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Thursday, June 20th will be given a $0.22 dividend. The ex-dividend date is Wednesday, June 19th. This represents a $0.88 annualized dividend and a yield of 7.27%. RPT Realty’s dividend payout ratio (DPR) is presently 65.19%.

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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