Analysts expect that RPT Realty (NYSE:RPT) will post $49.65 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for RPT Realty’s earnings, with the highest sales estimate coming in at $49.81 million and the lowest estimate coming in at $49.49 million. RPT Realty reported sales of $58.10 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 14.5%. The firm is scheduled to announce its next quarterly earnings report after the market closes on Wednesday, February 17th.
On average, analysts expect that RPT Realty will report full-year sales of $196.09 million for the current financial year, with estimates ranging from $192.56 million to $199.57 million. For the next fiscal year, analysts expect that the company will post sales of $198.93 million, with estimates ranging from $195.34 million to $203.78 million. Zacks’ sales 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 results on Wednesday, November 4th. The real estate investment trust reported ($0.05) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.25). RPT Realty had a net margin of 35.25% and a return on equity of 10.48%.
Several research firms have issued reports on RPT. JPMorgan Chase & Co. raised RPT Realty from an “underweight” rating to a “neutral” rating and set a $9.00 target price for the company in a research note on Monday, December 21st. Compass Point raised shares of RPT Realty from a “sell” rating to a “neutral” rating in a research report on Monday, November 9th. Deutsche Bank Aktiengesellschaft raised shares of RPT Realty from a “hold” rating to a “buy” rating and raised their target price for the company from $7.00 to $10.00 in a report on Tuesday, December 15th. ValuEngine raised shares of RPT Realty from a “sell” rating to a “hold” rating in a report on Monday, November 16th. Finally, BidaskClub raised shares of RPT Realty from a “hold” rating to a “buy” rating in a report on Thursday, December 17th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $8.80.
Large investors have recently bought and sold shares of the stock. US Bancorp DE grew its position in RPT Realty by 351.7% in the 2nd quarter. US Bancorp DE now owns 4,580 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 3,566 shares during the last quarter. Acadian Asset Management LLC purchased a new position in RPT Realty in the 3rd quarter valued at $58,000. Nissay Asset Management Corp Japan ADV purchased a new position in RPT Realty in the 3rd quarter valued at $61,000. Point72 Hong Kong Ltd purchased a new position in RPT Realty in the 2nd quarter valued at $94,000. Finally, GSA Capital Partners LLP purchased a new position in RPT Realty in the 3rd quarter valued at $75,000. Hedge funds and other institutional investors own 95.51% of the company’s stock.
Shares of NYSE:RPT traded up $0.12 during midday trading on Tuesday, hitting $8.65. The company had a trading volume of 492,292 shares, compared to its average volume of 727,614. The business’s 50-day simple moving average is $7.87 and its 200-day simple moving average is $6.49. The company has a debt-to-equity ratio of 1.55, a current ratio of 6.66 and a quick ratio of 6.66. The stock has a market cap of $700.32 million, a price-to-earnings ratio of 10.81, a price-to-earnings-growth ratio of 3.44 and a beta of 1.18. RPT Realty has a twelve month low of $4.61 and a twelve month high of $15.18.
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 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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