RPT Realty (NYSE:RPT) Now Covered by StockNews.com

StockNews.com started coverage on shares of RPT Realty (NYSE:RPT) in a report published on Thursday. The firm issued a hold rating on the real estate investment trust’s stock.

Several other research firms also recently issued reports on RPT. Mizuho upped their price objective on shares of RPT Realty from $9.50 to $11.50 in a report on Thursday, July 20th. Raymond James downgraded shares of RPT Realty from an outperform rating to a market perform rating in a report on Monday, August 28th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has an average rating of Hold and an average target price of $11.38.

RPT Realty Stock Up 0.1 %

RPT Realty stock opened at $11.26 on Thursday. The firm’s 50 day moving average price is $10.63 and its two-hundred day moving average price is $9.94. RPT Realty has a twelve month low of $7.28 and a twelve month high of $11.54. The firm has a market cap of $977.03 million, a PE ratio of 15.42, a P/E/G ratio of 2.87 and a beta of 1.63. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.39 and a current ratio of 0.39.

RPT Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Wednesday, September 20th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 4.97%. The ex-dividend date of this dividend is Tuesday, September 19th. RPT Realty’s dividend payout ratio is currently 76.71%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of RPT. Point72 Middle East FZE acquired a new position in shares of RPT Realty in the fourth quarter valued at approximately $29,000. Point72 Hong Kong Ltd acquired a new position in shares of RPT Realty in the second quarter valued at approximately $29,000. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of RPT Realty by 85.9% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,064 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 1,416 shares during the period. Clear Street Markets LLC acquired a new position in shares of RPT Realty in the fourth quarter valued at approximately $39,000. Finally, Captrust Financial Advisors acquired a new position in shares of RPT Realty in the second quarter valued at approximately $42,000. Institutional investors and hedge funds own 93.91% of the company’s stock.

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.