RPT Realty (NYSE:RPT) Receives New Coverage from Analysts at Credit Suisse Group

Research analysts at Credit Suisse Group initiated coverage on shares of RPT Realty (NYSE:RPTGet Rating) in a research note issued on Wednesday, The Fly reports. The firm set an “outperform” rating and a $13.00 price target on the real estate investment trust’s stock. Credit Suisse Group’s target price indicates a potential upside of 30.92% from the company’s current price.

Separately, StockNews.com upgraded RPT Realty from a “sell” rating to a “hold” rating in a report on Saturday, June 18th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, RPT Realty has an average rating of “Moderate Buy” and a consensus target price of $15.00.

Shares of RPT stock opened at $9.93 on Wednesday. RPT Realty has a fifty-two week low of $9.25 and a fifty-two week high of $14.99. The firm has a market capitalization of $845.15 million, a price-to-earnings ratio of 16.28, a PEG ratio of 1.01 and a beta of 1.47. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.76 and a current ratio of 0.76. The stock’s 50-day simple moving average is $12.03 and its 200-day simple moving average is $12.74.

RPT Realty (NYSE:RPTGet Rating) last announced its earnings results on Wednesday, May 4th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.20). RPT Realty had a return on equity of 7.22% and a net margin of 26.20%. The business had revenue of $56.09 million for the quarter, compared to analyst estimates of $54.80 million. During the same period in the previous year, the company earned $0.19 earnings per share. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. As a group, equities analysts forecast that RPT Realty will post 1.04 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in the business. Asset Management One Co. Ltd. lifted its holdings in shares of RPT Realty by 9.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 135,243 shares of the real estate investment trust’s stock worth $1,783,000 after buying an additional 11,721 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in shares of RPT Realty during the fourth quarter valued at $181,000. Two Sigma Investments LP acquired a new position in RPT Realty in the third quarter valued at about $1,127,000. Millennium Management LLC increased its holdings in shares of RPT Realty by 10.7% in the third quarter. Millennium Management LLC now owns 1,379,515 shares of the real estate investment trust’s stock worth $17,603,000 after acquiring an additional 133,410 shares in the last quarter. Finally, Virginia Retirement Systems ET AL grew its holdings in shares of RPT Realty by 53.5% during the fourth quarter. Virginia Retirement Systems ET AL now owns 244,200 shares of the real estate investment trust’s stock worth $3,267,000 after buying an additional 85,100 shares in the last quarter. 94.40% of the stock is currently owned by institutional investors.

About RPT Realty (Get Rating)

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.

Recommended Stories

The Fly logo

Analyst Recommendations for RPT Realty (NYSE:RPT)

Receive News & Ratings for RPT Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RPT Realty and related companies with MarketBeat.com's FREE daily email newsletter.