RPT Realty (NYSE:RPT) Earns Hold Rating from Analysts at StockNews.com

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

Separately, Raymond James cut shares of RPT Realty from an outperform rating to a market perform rating in a research note on Monday, August 28th.

RPT Realty Stock Performance

Shares of RPT stock opened at $11.37 on Friday. The stock has a market capitalization of $986.46 million, a P/E ratio of 22.14, a PEG ratio of 2.88 and a beta of 1.65. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 1.00. The firm’s 50 day moving average is $10.67 and its 200 day moving average is $10.34. RPT Realty has a 12 month low of $8.62 and a 12 month high of $11.67.

RPT Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Thursday, December 7th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 4.93%. The ex-dividend date is Wednesday, December 6th. RPT Realty’s dividend payout ratio is presently 109.81%.

Institutional Trading of RPT Realty

Several institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James & Associates bought a new position in shares of RPT Realty in the 1st quarter worth $160,000. Bank of New York Mellon Corp increased its holdings in shares of RPT Realty by 3.3% in the 1st quarter. Bank of New York Mellon Corp now owns 1,179,937 shares of the real estate investment trust’s stock worth $16,247,000 after buying an additional 37,357 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of RPT Realty by 53.4% in the 1st quarter. Bank of Montreal Can now owns 101,295 shares of the real estate investment trust’s stock worth $1,411,000 after buying an additional 35,276 shares during the last quarter. MetLife Investment Management LLC increased its holdings in shares of RPT Realty by 55.4% in the 1st quarter. MetLife Investment Management LLC now owns 44,944 shares of the real estate investment trust’s stock worth $619,000 after buying an additional 16,026 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of RPT Realty by 1.4% in the 1st quarter. Rhumbline Advisers now owns 255,921 shares of the real estate investment trust’s stock worth $3,524,000 after buying an additional 3,509 shares during the last quarter. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

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 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.