RPT Realty (NYSE:RPT) Expected to Announce Earnings of $0.24 Per Share

Wall Street analysts expect that RPT Realty (NYSE:RPT) will announce earnings of $0.24 per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for RPT Realty’s earnings. The lowest EPS estimate is $0.22 and the highest is $0.26. RPT Realty posted earnings per share of $0.19 during the same quarter last year, which would indicate a positive year over year growth rate of 26.3%. The business is scheduled to report its next earnings results after the market closes on Wednesday, November 3rd.

According to Zacks, analysts expect that RPT Realty will report full-year earnings of $0.89 per share for the current financial year, with EPS estimates ranging from $0.83 to $0.92. For the next financial year, analysts expect that the firm will post earnings of $1.03 per share, with EPS estimates ranging from $0.98 to $1.06. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for RPT Realty.

RPT Realty (NYSE:RPT) last released its quarterly earnings results on Wednesday, August 4th. The real estate investment trust reported $0.41 EPS for the quarter, beating the consensus estimate of $0.21 by $0.20. The business had revenue of $52.22 million for the quarter, compared to analyst estimates of $50.91 million. RPT Realty had a net margin of 23.21% and a return on equity of 6.28%. The company’s quarterly revenue was up 17.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.16 earnings per share.

Several research firms have recently commented on RPT. Deutsche Bank Aktiengesellschaft increased their price target on shares of RPT Realty from $13.00 to $17.00 and gave the company a “buy” rating in a research report on Tuesday, June 8th. Zacks Investment Research lowered shares of RPT Realty from a “buy” rating to a “hold” rating in a research report on Wednesday, September 1st. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $13.00.

Large investors have recently bought and sold shares of the business. FORA Capital LLC purchased a new position in RPT Realty during the second quarter worth approximately $42,000. Schroder Investment Management Group purchased a new position in RPT Realty during the first quarter worth approximately $42,000. Harvest Fund Management Co. Ltd purchased a new position in RPT Realty during the second quarter worth approximately $76,000. Profund Advisors LLC purchased a new position in RPT Realty during the first quarter worth approximately $119,000. Finally, Teacher Retirement System of Texas purchased a new position in RPT Realty during the second quarter worth approximately $138,000. 91.48% of the stock is currently owned by institutional investors.

Shares of RPT stock traded up $0.29 during trading hours on Wednesday, hitting $13.10. The company’s stock had a trading volume of 6,284 shares, compared to its average volume of 409,328. The business has a fifty day moving average of $12.70 and a 200-day moving average of $12.63. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 27.85, a P/E/G ratio of 1.67 and a beta of 1.65. RPT Realty has a twelve month low of $4.79 and a twelve month high of $14.00. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.18.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 1st. Investors of record on Monday, September 20th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, September 17th. This represents a $0.48 dividend on an annualized basis and a yield of 3.66%. This is a positive change from RPT Realty’s previous quarterly dividend of $0.08. RPT Realty’s dividend payout ratio (DPR) is 61.54%.

About RPT Realty

RPT Realty operates as a real estate investment trust. The firm develops, manages, and leases out commercial properties. Its portfolio includes shopping centers, supermarkets, and retail shops. The company was founded on May 1, 1996 and is headquartered in New York, NY.

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