According to a report by Bloomberg, RPT Realty (NYSE:RPT) has received a consensus recommendation of “Hold” from the four research firms currently covering the company. The stock has been given a hold rating by four analysts, with an average one-year price target of $11.38.
Shares of RPT Realty opened at $10.62 on Friday. The company has a debt-to-equity ratio of 0.98, indicating that it is moderately leveraged. It also has a current ratio and quick ratio of 0.39, which suggests that it may have some liquidity challenges.
In terms of performance, RPT Realty has shown stability in its stock prices. It has a 50-day simple moving average of $10.75 and a two-hundred day simple moving average of $9.99.
With a market capitalization of $921.04 million, RPT Realty is considered to be a mid-cap stock. The company’s price-to-earnings (P/E) ratio stands at 14.54, indicating that investors are willing to pay 14.54 times the company’s earnings for each share they own.
The PEG ratio for RPT Realty is 2.82, which suggests that the stock may be slightly overvalued based on its expected earnings growth rate.
Furthermore, the stock’s beta is 1.63, implying that it is more volatile than the market as a whole.
RPT Realty operates a national portfolio of open-air shopping destinations primarily located in top U.S markets. The company focuses on providing diverse consumer experiences tailored to their respective communities while meeting the needs and expectations of its retail partners.
Overall, based on the hold rating and the average price target provided by analysts, it appears that investors should carefully consider their options before making any decisions about investing in RPT Realty.
Please note that this article refers to data as of September 25, 2023, and investors should consult with their financial advisors or conduct independent research to gather the most up-to-date and accurate information about RPT Realty before making any investment decisions.
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Mixed Ratings and Ownership Changes: Evaluating the Future of RPT Realty
In recent months, RPT Realty has garnered attention from various research firms, prompting mixed ratings and potential shifts in stock prices. StockNews.com initiated coverage on RPT Realty with a “hold” rating for the company. Mizuho, on the other hand, raised their price target for RPT Realty from $9.50 to $11.50 in a research report released in July. However, Raymond James downgraded RPT Realty from an “outperform” rating to a “market perform” rating in late August.
RPT Realty is primarily focused on owning and operating open-air shopping destinations across prominent markets in the United States. These shopping centers aim to provide diverse and locally curated consumer experiences that align with the unique lifestyles of surrounding communities while meeting the evolving expectations of retail partners.
In its most recent disclosure, RPT Realty announced a quarterly dividend which is scheduled to be paid on October 2nd. Investors who held shares as of September 20th will receive a dividend of $0.14 per share. It is important to note that the ex-dividend date was on September 19th. With an annualized dividend payout of $0.56 and a current yield of 5.28%, RPT Realty maintains a payout ratio of 76.71%.
Regarding ownership stakes in the company, several significant investors have either increased or decreased their positions recently. Point72 Middle East FZE acquired shares of RPT Realty during the fourth quarter valued at approximately $29,000. Similarly, Point72 Hong Kong Ltd acquired shares during the second quarter also worth around $29,000. Migdal Insurance & Financial Holdings Ltd., on the other hand, experienced an 85.9% increase in its stake in RPT Realty during the first quarter and currently owns 3,064 shares valued at $28,000 after acquiring an additional 1,416 shares.
Furthermore, Clear Street Markets LLC made a new investment in RPT Realty during the fourth quarter, amounting to approximately $39,000. Lastly, Captrust Financial Advisors also decided to increase its stake in RPT Realty during the second quarter and currently holds shares valued at $42,000.
It is interesting to note that 93.91% of RPT Realty’s stock is currently owned by institutional investors and hedge funds. This indicates a significant level of interest from large-scale investors who recognize the potential of RPT Realty’s business model and its ability to generate steady returns within the real estate investment trust sector.
As September draws to a close, uncertainty surrounds the future performance of RPT Realty. The conflicting ratings provided by research firms coupled with changes in ownership stakes present an intricate puzzle for prospective investors. It remains crucial for individuals interested in RPT Realty to carefully analyze these reports, further evaluate market conditions, and assess any emerging trends that may impact the company’s prospects moving forward.
