RPT Realty (NYSE:RPT) CEO Brian Harper purchased 8,500 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were bought at an average price of $11.78 per share, for a total transaction of $100,130.00. Following the completion of the transaction, the chief executive officer now directly owns 284,281 shares in the company, valued at approximately $3,348,830.18. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of RPT Realty stock traded down $0.05 during trading on Thursday, hitting $12.05. The stock had a trading volume of 103,899 shares, compared to its average volume of 559,199. The company has a market cap of $952.21 million, a P/E ratio of 8.93, a price-to-earnings-growth ratio of 46.25 and a beta of 0.76. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.90 and a quick ratio of 0.90. RPT Realty has a 1 year low of $11.15 and a 1 year high of $14.42.
RPT Realty (NYSE:RPT) last announced its quarterly earnings data on Wednesday, February 20th. The real estate investment trust reported ($0.07) EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.37). RPT Realty had a net margin of 6.76% and a return on equity of 2.30%. The company had revenue of $63.72 million for the quarter, compared to analysts’ expectations of $63.30 million. On average, analysts expect that RPT Realty will post 1.05 EPS for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp lifted its stake in shares of RPT Realty by 0.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,350,018 shares of the real estate investment trust’s stock valued at $17,835,000 after purchasing an additional 7,647 shares during the period. Russell Investments Group Ltd. grew its position in shares of RPT Realty by 33.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 35,324 shares of the real estate investment trust’s stock valued at $480,000 after acquiring an additional 8,790 shares during the period. LSV Asset Management acquired a new stake in shares of RPT Realty during the 3rd quarter valued at about $3,886,000. JPMorgan Chase & Co. grew its position in shares of RPT Realty by 10.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 771,948 shares of the real estate investment trust’s stock valued at $10,499,000 after acquiring an additional 72,543 shares during the period. Finally, Martingale Asset Management L P acquired a new stake in shares of RPT Realty during the 3rd quarter valued at about $1,125,000.
Several equities analysts have recently issued reports on RPT shares. Zacks Investment Research cut shares of RPT Realty from a “hold” rating to a “sell” rating in a research note on Tuesday, January 8th. ValuEngine raised shares of RPT Realty from a “sell” rating to a “hold” rating in a research note on Saturday, February 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $13.00.
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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