Analysts Expect RPT Realty (NYSE:RPT) Will Post Quarterly Sales of $49.79 Million

Equities analysts predict that RPT Realty (NYSE:RPT) will post sales of $49.79 million for the current quarter, according to Zacks. Three analysts have made estimates for RPT Realty’s earnings, with the highest sales estimate coming in at $51.37 million and the lowest estimate coming in at $48.73 million. RPT Realty posted sales of $44.63 million in the same quarter last year, which suggests a positive year over year growth rate of 11.6%. The firm is expected to issue its next earnings report on Tuesday, August 3rd.

On average, analysts expect that RPT Realty will report full year sales of $200.36 million for the current financial year, with estimates ranging from $195.16 million to $208.40 million. For the next year, analysts anticipate that the firm will post sales of $211.29 million, with estimates ranging from $202.66 million to $220.95 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow RPT Realty.

RPT Realty (NYSE:RPT) last announced its quarterly earnings data on Wednesday, May 5th. The real estate investment trust reported $0.19 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.19. RPT Realty had a net margin of 33.76% and a return on equity of 9.40%.

Several analysts have recently commented on RPT shares. Zacks Investment Research upgraded shares of RPT Realty from a “sell” rating to a “hold” rating in a research report on Wednesday, March 17th. KeyCorp lifted their price target on shares of RPT Realty from $11.00 to $13.00 and gave the company an “overweight” rating in a report on Monday, March 29th. Robert W. Baird reiterated a “neutral” rating on shares of RPT Realty in a report on Monday, April 19th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of RPT Realty from $10.00 to $13.00 and gave the company a “buy” rating in a report on Thursday, April 15th. Finally, TheStreet upgraded shares of RPT Realty from a “d+” rating to a “c” rating in a report on Thursday, May 6th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $11.25.

Several institutional investors have recently bought and sold shares of RPT. Exchange Traded Concepts LLC boosted its stake in shares of RPT Realty by 18.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 44,690 shares of the real estate investment trust’s stock worth $387,000 after purchasing an additional 7,056 shares during the period. Frontier Capital Management Co. LLC boosted its stake in shares of RPT Realty by 15.9% during the 4th quarter. Frontier Capital Management Co. LLC now owns 1,887,888 shares of the real estate investment trust’s stock worth $16,330,000 after purchasing an additional 258,496 shares during the period. New York State Teachers Retirement System boosted its stake in shares of RPT Realty by 18.5% during the 4th quarter. New York State Teachers Retirement System now owns 47,338 shares of the real estate investment trust’s stock worth $409,000 after purchasing an additional 7,400 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of RPT Realty by 27.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 62,823 shares of the real estate investment trust’s stock worth $543,000 after purchasing an additional 13,580 shares during the period. Finally, Poplar Forest Capital LLC boosted its stake in shares of RPT Realty by 14.8% during the 4th quarter. Poplar Forest Capital LLC now owns 43,372 shares of the real estate investment trust’s stock worth $375,000 after purchasing an additional 5,606 shares during the period. Hedge funds and other institutional investors own 93.18% of the company’s stock.

Shares of RPT stock traded down $0.13 on Wednesday, hitting $12.34. 147,551 shares of the stock traded hands, compared to its average volume of 451,564. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of 17.63, a PEG ratio of 6.06 and a beta of 1.55. RPT Realty has a 52 week low of $4.79 and a 52 week high of $13.28. The firm has a 50 day simple moving average of $12.25 and a two-hundred day simple moving average of $9.90. The company has a debt-to-equity ratio of 1.48, a current ratio of 5.30 and a quick ratio of 5.30.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 1st. Stockholders of record on Friday, June 18th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Thursday, June 17th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.43%. RPT Realty’s dividend payout ratio (DPR) is presently 27.78%.

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.

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Earnings History and Estimates for RPT Realty (NYSE:RPT)

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