RPT Realty (NYSE:RPT) Expected to Announce Earnings of $0.19 Per Share

Analysts expect that RPT Realty (NYSE:RPT) will post earnings of $0.19 per share for the current quarter, according to Zacks. Two analysts have provided estimates for RPT Realty’s earnings. The lowest EPS estimate is $0.18 and the highest is $0.20. RPT Realty reported earnings of $0.26 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 26.9%. The business is scheduled to issue its next earnings report after the market closes on Wednesday, May 5th.

On average, analysts expect that RPT Realty will report full-year earnings of $0.81 per share for the current fiscal year, with EPS estimates ranging from $0.80 to $0.82. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.94 per share, with EPS estimates ranging from $0.88 to $0.97. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for RPT Realty.

RPT Realty (NYSE:RPT) last issued its earnings results on Wednesday, February 17th. The real estate investment trust reported ($0.09) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.28). RPT Realty had a return on equity of 9.40% and a net margin of 33.76%.

Several brokerages have issued reports on RPT. Jefferies Financial Group upgraded RPT Realty from a “hold” rating to a “buy” rating and increased their price target for the stock from $8.00 to $10.00 in a report on Wednesday, January 13th. Robert W. Baird reissued a “neutral” rating on shares of RPT Realty in a research report on Monday. Deutsche Bank Aktiengesellschaft upped their price objective on shares of RPT Realty from $10.00 to $13.00 and gave the stock a “buy” rating in a report on Thursday, April 15th. KeyCorp lifted their price objective on shares of RPT Realty from $11.00 to $13.00 and gave the company an “overweight” rating in a report on Monday, March 29th. Finally, Zacks Investment Research upgraded shares of RPT Realty from a “sell” rating to a “hold” rating in a report on Wednesday, March 17th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. RPT Realty presently has an average rating of “Hold” and a consensus target price of $11.25.

Shares of RPT traded up $0.04 during trading hours on Thursday, hitting $12.33. The stock had a trading volume of 18,522 shares, compared to its average volume of 473,110. RPT Realty has a 1-year low of $4.79 and a 1-year high of $12.95. The firm has a market capitalization of $999.88 million, a P/E ratio of 17.61, a price-to-earnings-growth ratio of 6.06 and a beta of 1.55. The firm has a 50 day simple moving average of $11.91 and a 200-day simple moving average of $8.96. The company has a debt-to-equity ratio of 1.48, a current ratio of 5.30 and a quick ratio of 5.30.

The company also recently declared a dividend, which was paid on Thursday, March 18th. Investors of record on Friday, March 19th were issued a dividend of $0.075 per share. The ex-dividend date was Thursday, March 18th. RPT Realty’s dividend payout ratio (DPR) is presently 27.78%.

Large investors have recently bought and sold shares of the business. Jane Street Group LLC bought a new position in shares of RPT Realty during the 4th quarter worth approximately $91,000. Dynamic Technology Lab Private Ltd bought a new stake in RPT Realty during the fourth quarter worth $152,000. ProShare Advisors LLC boosted its position in RPT Realty by 71.2% in the fourth quarter. ProShare Advisors LLC now owns 19,433 shares of the real estate investment trust’s stock worth $168,000 after purchasing an additional 8,081 shares during the last quarter. Everence Capital Management Inc. purchased a new stake in shares of RPT Realty during the 1st quarter valued at $222,000. Finally, Engineers Gate Manager LP raised its stake in shares of RPT Realty by 55.6% during the 4th quarter. Engineers Gate Manager LP now owns 26,600 shares of the real estate investment trust’s stock worth $230,000 after purchasing an additional 9,500 shares during the period. Hedge funds and other institutional investors own 93.18% of the company’s stock.

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 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.

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Earnings History and Estimates for RPT Realty (NYSE:RPT)

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