Brokerages expect RPT Realty (NYSE:RPT) to announce earnings of $0.27 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for RPT Realty’s earnings. The lowest EPS estimate is $0.26 and the highest is $0.27. RPT Realty posted earnings per share of $0.31 in the same quarter last year, which would indicate a negative year over year growth rate of 12.9%. The company is scheduled to issue its next quarterly earnings results after the market closes on Wednesday, February 19th.

According to Zacks, analysts expect that RPT Realty will report full-year earnings of $1.09 per share for the current year, with EPS estimates ranging from $1.08 to $1.09. For the next fiscal year, analysts anticipate that the business will post earnings of $1.10 per share, with EPS estimates ranging from $1.09 to $1.11. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for RPT Realty.

RPT Realty (NYSE:RPT) last issued its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.22). The firm had revenue of $58.92 million for the quarter, compared to analyst estimates of $57.13 million. RPT Realty had a return on equity of 2.04% and a net margin of 6.13%. RPT Realty’s revenue for the quarter was down 8.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.32 EPS.

A number of analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of RPT Realty from a “hold” rating to a “sell” rating in a report on Thursday, January 9th. Robert W. Baird raised shares of RPT Realty from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $13.00 to $17.00 in a report on Thursday, December 19th. Finally, ValuEngine upgraded shares of RPT Realty from a “sell” rating to a “hold” rating in a research report on Friday, October 25th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC acquired a new stake in RPT Realty in the third quarter valued at approximately $36,000. Russell Investments Group Ltd. purchased a new position in shares of RPT Realty during the 2nd quarter valued at approximately $83,000. Bank of Montreal Can lifted its position in shares of RPT Realty by 224.0% during the 2nd quarter. Bank of Montreal Can now owns 12,178 shares of the real estate investment trust’s stock valued at $148,000 after buying an additional 8,419 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of RPT Realty during the 3rd quarter valued at approximately $160,000. Finally, Assetmark Inc. grew its stake in RPT Realty by 24.6% in the 2nd quarter. Assetmark Inc. now owns 13,917 shares of the real estate investment trust’s stock valued at $169,000 after acquiring an additional 2,747 shares during the period.

Shares of RPT traded up $0.07 during trading hours on Friday, hitting $14.66. The stock had a trading volume of 434,900 shares, compared to its average volume of 504,892. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a 50-day moving average price of $14.57 and a 200 day moving average price of $13.39. RPT Realty has a fifty-two week low of $11.26 and a fifty-two week high of $15.18. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 10.86, a PEG ratio of -6.57 and a beta of 0.70.

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 20th were paid a $0.22 dividend. The ex-dividend date was Thursday, December 19th. This represents a $0.88 annualized dividend and a dividend yield of 6.00%. RPT Realty’s dividend payout ratio is presently 65.19%.

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

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