RPT Realty (NYSE:RPT) Releases Earnings Results, Misses Expectations By $0.25 EPS

RPT Realty (NYSE:RPT) released its earnings results on Wednesday. The real estate investment trust reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.25), Fidelity Earnings reports. RPT Realty had a return on equity of 2.76% and a net margin of 8.06%. The firm had revenue of $57.36 million for the quarter, compared to analyst estimates of $57.07 million. During the same period last year, the firm earned $0.40 EPS. The company’s revenue for the quarter was down 18.0% compared to the same quarter last year. RPT Realty updated its FY19 guidance to $1.07-1.09 EPS.

NYSE:RPT traded up $0.15 during trading hours on Friday, reaching $12.46. The company had a trading volume of 716,340 shares, compared to its average volume of 647,978. RPT Realty has a 1-year low of $11.26 and a 1-year high of $14.42. The company has a market capitalization of $972.27 million, a price-to-earnings ratio of 9.23, a PEG ratio of -5.30 and a beta of 0.66. The stock has a 50 day moving average price of $12.03. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.71 and a current ratio of 1.71.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 20th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 7.06%. The ex-dividend date of this dividend is Thursday, September 19th. RPT Realty’s payout ratio is presently 65.19%.

A number of brokerages have issued reports on RPT. ValuEngine downgraded RPT Realty from a “hold” rating to a “sell” rating in a report on Thursday, June 27th. Zacks Investment Research raised RPT Realty from a “sell” rating to a “hold” rating in a report on Saturday, May 11th.

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 locally-curated consumer experiences reflect the lifestyles of its diverse neighborhoods and match the modern expectations of its retail partners. The Company is a fully integrated and self-administered REIT publicly traded on the New York Stock Exchange under the ticker symbol RPT.

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Earnings History for RPT Realty (NYSE:RPT)

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