Price T Rowe Associates Inc. MD Reduces Stock Holdings in RPT Realty (NYSE:RPT)

Price T Rowe Associates Inc. MD lowered its position in RPT Realty (NYSE:RPT) by 8.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 119,174 shares of the real estate investment trust’s stock after selling 11,120 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.15% of RPT Realty worth $1,547,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. FORA Capital LLC purchased a new position in shares of RPT Realty in the second quarter valued at $42,000. Schroder Investment Management Group acquired a new stake in shares of RPT Realty during the first quarter valued at $42,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of RPT Realty during the second quarter valued at $76,000. Teacher Retirement System of Texas acquired a new stake in shares of RPT Realty during the second quarter valued at $138,000. Finally, abrdn plc acquired a new stake in shares of RPT Realty during the second quarter valued at $191,000. Institutional investors and hedge funds own 91.50% of the company’s stock.

A number of analysts recently commented on the company. Raymond James increased their price objective on RPT Realty from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Friday, November 5th. Mizuho assumed coverage on RPT Realty in a research note on Thursday, October 14th. They set a “buy” rating and a $16.00 price objective on the stock. Zacks Investment Research lowered RPT Realty from a “buy” rating to a “hold” rating in a research note on Wednesday, November 10th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on RPT Realty from $17.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday, October 6th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $13.71.

Shares of NYSE:RPT opened at $13.93 on Thursday. The stock has a 50-day simple moving average of $13.40. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 17.41, a price-to-earnings-growth ratio of 1.68 and a beta of 1.56. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 1.16. RPT Realty has a 12-month low of $7.21 and a 12-month high of $14.99.

RPT Realty (NYSE:RPT) last released its quarterly earnings data on Wednesday, November 3rd. The real estate investment trust reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.04. RPT Realty had a return on equity of 9.75% and a net margin of 35.70%. During the same period in the prior year, the business posted $0.19 EPS. On average, equities analysts predict that RPT Realty will post 0.9 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 3rd. Stockholders of record on Monday, December 20th will be issued a $0.12 dividend. The ex-dividend date is Friday, December 17th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.45%. RPT Realty’s dividend payout ratio (DPR) is 60.00%.

About RPT Realty

RPT Realty operates as a real estate investment trust. The firm develops, manages, and leases out commercial properties. Its portfolio includes shopping centers, supermarkets, and retail shops. The company was founded on May 1, 1996 and is headquartered in New York, NY.

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Institutional Ownership by Quarter for RPT Realty (NYSE:RPT)

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