RPT Realty (NYSE:RPT) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of RPT Realty (NYSE:RPT – Get Rating) in a research note issued to investors on Thursday. The brokerage issued a hold rating on the real estate investment trust’s stock.

RPT has been the subject of a number of other research reports. Mizuho upped their price target on RPT Realty from $10.00 to $11.00 in a research report on Wednesday, March 1st. Raymond James reduced their price target on RPT Realty from $13.00 to $12.00 and set an outperform rating for the company in a research report on Wednesday, January 4th. Finally, Deutsche Bank Aktiengesellschaft cut RPT Realty from a buy rating to a hold rating and reduced their price target for the stock from $13.00 to $12.00 in a research report on Wednesday, January 4th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Hold and an average target price of $11.50.

RPT Realty Stock Down 5.1 %

RPT stock opened at $8.93 on Thursday. RPT Realty has a fifty-two week low of $7.28 and a fifty-two week high of $14.36. The business’s 50-day moving average is $10.28 and its two-hundred day moving average is $9.88. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.46 and a current ratio of 0.46. The company has a market cap of $772.27 million, a price-to-earnings ratio of 10.26, a P/E/G ratio of 1.50 and a beta of 1.62.

RPT Realty Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 3rd. Investors of record on Monday, March 20th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, March 17th. This is a positive change from RPT Realty’s previous quarterly dividend of $0.13. This represents a $0.56 dividend on an annualized basis and a yield of 6.27%. RPT Realty’s dividend payout ratio is presently 59.77%.

Institutional Investors Weigh In On RPT Realty

Several institutional investors have recently modified their holdings of RPT. Macquarie Group Ltd. increased its holdings in RPT Realty by 2.3% during the 2nd quarter. Macquarie Group Ltd. now owns 7,597,428 shares of the real estate investment trust’s stock worth $74,683,000 after purchasing an additional 171,985 shares during the period. CoreCap Advisors LLC purchased a new position in RPT Realty during the 2nd quarter worth $78,000. Cambria Investment Management L.P. increased its holdings in RPT Realty by 53.8% during the 3rd quarter. Cambria Investment Management L.P. now owns 28,000 shares of the real estate investment trust’s stock worth $212,000 after purchasing an additional 9,800 shares during the period. Barclays PLC increased its holdings in RPT Realty by 2.0% during the 3rd quarter. Barclays PLC now owns 265,059 shares of the real estate investment trust’s stock worth $2,004,000 after purchasing an additional 5,189 shares during the period. Finally, Great West Life Assurance Co. Can purchased a new position in RPT Realty during the 3rd quarter worth $1,320,000. 96.01% of the stock is owned by institutional investors.

About RPT Realty

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RPT Realty operates as a real estate investment trust, which develops, manages, and leases out commercial properties. Its portfolio includes shopping centers, supermarkets, and retail shops. The company was founded on May 1, 1996 and is headquartered in New York, NY.