Wall Street brokerages expect RPT Realty (NYSE:RPT) to post $58.84 million in sales for the current fiscal quarter, Zacks reports. Six analysts have made estimates for RPT Realty’s earnings, with the highest sales estimate coming in at $62.43 million and the lowest estimate coming in at $56.01 million. RPT Realty reported sales of $69.97 million in the same quarter last year, which indicates a negative year-over-year growth rate of 15.9%. The company is scheduled to report its next earnings report after the market closes on Wednesday, July 31st.
According to Zacks, analysts expect that RPT Realty will report full-year sales of $237.40 million for the current financial year, with estimates ranging from $229.40 million to $250.90 million. For the next fiscal year, analysts expect that the business will post sales of $242.12 million, with estimates ranging from $237.60 million to $254.65 million. Zacks’ sales averages are an average based on a survey of research firms that follow RPT Realty.
RPT Realty (NYSE:RPT) last issued its quarterly earnings results on Wednesday, May 1st. The real estate investment trust reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.15). The company had revenue of $59.70 million during the quarter, compared to analyst estimates of $60.31 million. RPT Realty had a return on equity of 2.76% and a net margin of 8.06%. The company’s revenue was down 4.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.32 earnings per share.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its holdings in shares of RPT Realty by 10.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 771,948 shares of the real estate investment trust’s stock worth $10,499,000 after purchasing an additional 72,543 shares in the last quarter. Macquarie Group Ltd. raised its holdings in shares of RPT Realty by 10.8% in the 4th quarter. Macquarie Group Ltd. now owns 8,244,430 shares of the real estate investment trust’s stock worth $98,521,000 after purchasing an additional 805,406 shares in the last quarter. Flinton Capital Management LLC bought a new stake in shares of RPT Realty in the 4th quarter worth approximately $29,000. Finally, Teachers Advisors LLC raised its holdings in shares of RPT Realty by 2.6% in the 3rd quarter. Teachers Advisors LLC now owns 172,073 shares of the real estate investment trust’s stock worth $2,340,000 after purchasing an additional 4,291 shares in the last quarter.
Shares of NYSE:RPT traded up $0.07 during trading on Wednesday, reaching $12.56. The company had a trading volume of 383,400 shares, compared to its average volume of 660,782. The firm has a market cap of $1.00 billion, a P/E ratio of 9.30, a P/E/G ratio of 210.51 and a beta of 0.69. RPT Realty has a twelve month low of $11.26 and a twelve month high of $14.42. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 1.32.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Thursday, June 20th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, June 19th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 7.01%. RPT Realty’s payout ratio is currently 65.19%.
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 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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