Equities research analysts forecast that RPT Realty (NYSE:RPT) will announce sales of $57.41 million for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for RPT Realty’s earnings. The lowest sales estimate is $56.21 million and the highest is $58.63 million. RPT Realty posted sales of $64.22 million during the same quarter last year, which suggests a negative year over year growth rate of 10.6%. The firm is expected to announce its next quarterly earnings results after the market closes on Wednesday, October 30th.
On average, analysts expect that RPT Realty will report full-year sales of $231.56 million for the current financial year, with estimates ranging from $227.80 million to $234.38 million. For the next financial year, analysts expect that the business will post sales of $234.05 million, with estimates ranging from $228.05 million to $242.06 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow RPT Realty.
RPT Realty (NYSE:RPT) last released its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.01 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.25). RPT Realty had a net margin of 7.90% and a return on equity of 2.63%. The business had revenue of $57.36 million during the quarter, compared to analysts’ expectations of $57.07 million. During the same quarter last year, the company earned $0.40 EPS. The firm’s revenue for the quarter was down 18.0% compared to the same quarter last year.
RPT stock traded down $0.21 on Friday, hitting $13.34. The company’s stock had a trading volume of 343,070 shares, compared to its average volume of 640,963. The firm has a 50 day moving average of $12.66 and a two-hundred day moving average of $12.28. RPT Realty has a 1 year low of $11.26 and a 1 year high of $14.42. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 9.88, a price-to-earnings-growth ratio of -6.33 and a beta of 0.67. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.32.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 20th will be given a $0.22 dividend. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $0.88 annualized dividend and a yield of 6.60%. RPT Realty’s dividend payout ratio (DPR) is 65.19%.
Hedge funds have recently added to or reduced their stakes in the stock. First Manhattan Co. purchased a new position in RPT Realty during the 2nd quarter worth $5,259,000. Nuveen Asset Management LLC purchased a new position in RPT Realty during the 2nd quarter worth $4,276,000. Macquarie Group Ltd. raised its position in RPT Realty by 2.2% during the 2nd quarter. Macquarie Group Ltd. now owns 8,643,698 shares of the real estate investment trust’s stock worth $104,675,000 after buying an additional 190,174 shares during the last quarter. Morgan Stanley raised its position in RPT Realty by 105.9% during the 2nd quarter. Morgan Stanley now owns 353,215 shares of the real estate investment trust’s stock worth $4,277,000 after buying an additional 181,705 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its position in RPT Realty by 61.6% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 382,823 shares of the real estate investment trust’s stock worth $4,636,000 after buying an additional 145,912 shares during the last quarter.
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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