RPT Realty (NYSE:RPT) Expected to Post Earnings of $0.24 Per Share

Equities research analysts expect RPT Realty (NYSE:RPT) to report earnings per share (EPS) of $0.24 for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for RPT Realty’s earnings. The lowest EPS estimate is $0.22 and the highest is $0.26. RPT Realty posted earnings of $0.19 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 26.3%. The company is expected to report its next earnings report after the market closes on Wednesday, November 3rd.

According to Zacks, analysts expect that RPT Realty will report full year earnings of $0.89 per share for the current financial year, with EPS estimates ranging from $0.83 to $0.92. For the next financial year, analysts anticipate that the company will report earnings of $1.03 per share, with EPS estimates ranging from $0.98 to $1.06. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that follow RPT Realty.

RPT Realty (NYSE:RPT) last announced its quarterly earnings data on Wednesday, August 4th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.20. The company had revenue of $52.22 million during the quarter, compared to analysts’ expectations of $50.91 million. RPT Realty had a net margin of 23.21% and a return on equity of 6.28%. The business’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.16 EPS.

RPT has been the subject of several recent analyst reports. Zacks Investment Research cut shares of RPT Realty from a “buy” rating to a “hold” rating in a research report on Wednesday, September 1st. Deutsche Bank Aktiengesellschaft upped their price target on shares of RPT Realty from $13.00 to $17.00 and gave the company a “buy” rating in a research report on Tuesday, June 8th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $13.00.

Several large investors have recently added to or reduced their stakes in RPT. Morgan Stanley lifted its holdings in shares of RPT Realty by 1,002.0% during the 1st quarter. Morgan Stanley now owns 3,051,618 shares of the real estate investment trust’s stock worth $34,819,000 after acquiring an additional 2,774,703 shares during the period. Millennium Management LLC increased its position in RPT Realty by 176.9% in the 2nd quarter. Millennium Management LLC now owns 1,246,105 shares of the real estate investment trust’s stock valued at $16,174,000 after acquiring an additional 796,018 shares in the last quarter. Nuveen Asset Management LLC increased its position in RPT Realty by 103.7% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,081,086 shares of the real estate investment trust’s stock valued at $14,032,000 after acquiring an additional 550,455 shares in the last quarter. BlackRock Inc. increased its position in RPT Realty by 3.6% in the 1st quarter. BlackRock Inc. now owns 15,393,336 shares of the real estate investment trust’s stock valued at $175,638,000 after acquiring an additional 535,709 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of RPT Realty by 222.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 689,401 shares of the real estate investment trust’s stock worth $8,949,000 after buying an additional 475,619 shares during the period. 91.48% of the stock is owned by institutional investors.

Shares of RPT stock opened at $12.81 on Wednesday. The company’s fifty day moving average price is $12.70 and its two-hundred day moving average price is $12.63. The firm has a market capitalization of $1.04 billion, a P/E ratio of 27.85, a P/E/G ratio of 1.67 and a beta of 1.65. RPT Realty has a 12 month low of $4.79 and a 12 month high of $14.00. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.20 and a quick ratio of 1.20.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 1st. Stockholders of record on Monday, September 20th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.75%. This is an increase from RPT Realty’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Friday, September 17th. RPT Realty’s dividend payout ratio (DPR) is presently 61.54%.

RPT Realty Company Profile

RPT Realty operates as a real estate investment trust. The firm 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.

Featured Article: Gross Domestic Product (GDP)

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.