$58.84 Million in Sales Expected for RPT Realty (NYSE:RPT) This Quarter

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.

Separately, Zacks Investment Research raised shares of RPT Realty from a “sell” rating to a “hold” rating in a research note on Saturday, May 11th.

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.

Featured Article: What are popular green investing opportunities?

Get a free copy of the Zacks research report on RPT Realty (RPT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates 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.