Analysts forecast that RPT Realty (NYSE:RPT) will post $57.03 million in sales for the current fiscal quarter, according to Zacks. Four analysts have made estimates for RPT Realty’s earnings, with the highest sales estimate coming in at $58.63 million and the lowest estimate coming in at $56.21 million. RPT Realty posted sales of $64.22 million during the same quarter last year, which suggests a negative year-over-year growth rate of 11.2%. The company is scheduled to report its next earnings results after the market closes on Wednesday, October 30th.
According to Zacks, analysts expect that RPT Realty will report full year sales of $231.30 million for the current year, with estimates ranging from $229.40 million to $233.02 million. For the next year, analysts expect that the company will report sales of $234.23 million, with estimates ranging from $229.48 million to $238.42 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow RPT Realty.
RPT Realty (NYSE:RPT) last posted its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.25). RPT Realty had a net margin of 7.90% and a return on equity of 2.63%. The business had revenue of $57.36 million for the quarter, compared to the consensus estimate of $57.07 million. During the same quarter last year, the business posted $0.40 EPS. The business’s revenue for the quarter was down 18.0% on a year-over-year basis.
A number of institutional investors and hedge funds have recently modified their holdings of RPT. First Manhattan Co. bought a new position in shares of RPT Realty during the second quarter valued at $5,259,000. United Services Automobile Association lifted its holdings in shares of RPT Realty by 1.4% during the second quarter. United Services Automobile Association now owns 969,907 shares of the real estate investment trust’s stock valued at $11,746,000 after acquiring an additional 12,938 shares during the period. Nuveen Asset Management LLC bought a new position in shares of RPT Realty in the second quarter valued at about $4,276,000. UBS Asset Management Americas Inc. raised its holdings in shares of RPT Realty by 7.8% in the second quarter. UBS Asset Management Americas Inc. now owns 287,977 shares of the real estate investment trust’s stock valued at $3,487,000 after buying an additional 20,900 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. bought a new position in shares of RPT Realty in the second quarter valued at about $260,000.
Shares of NYSE:RPT traded up $0.13 during trading hours on Tuesday, hitting $12.00. 475,900 shares of the company’s stock traded hands, compared to its average volume of 608,452. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.08 and a current ratio of 1.08. RPT Realty has a 52 week low of $11.26 and a 52 week high of $14.42. The company has a market cap of $953.88 million, a price-to-earnings ratio of 8.89, a price-to-earnings-growth ratio of -5.51 and a beta of 0.67. The company’s fifty day simple moving average is $11.92 and its two-hundred day simple moving average is $12.27.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 20th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 7.33%. The ex-dividend date is Thursday, September 19th. RPT Realty’s payout ratio is presently 65.19%.
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 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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