RPT Realty which can be found using ticker (RPT) now have 10 analysts in total covering the stock. The consensus rating is pointing to ‘Hold’. The target price High/Low ranges between 14 and 9 suggesting an average Analsyt target price of $10.90. Given that the stocks previous close was at $9.27 and the analysts are correct then there would likely be a percentage uptick in value of 17.6%. Also worth taking note is the 50 day moving average now sits at $9.79 while the 200 day moving average is $9.88. The market capitalization for the company is $817m. Visit the company website at: https://www.rptrealty.com
The potential market cap would be $961m based on the market consensus.
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. The Company is a fully integrated and self-administered REIT publicly traded on the New York Stock Exchange (the NYSE). The common shares of the Company, par value $0.01 per share (the common shares) are listed and traded on the NYSE under the ticker symbol RPT. As of December 31, 2022, the Company’s property portfolio (the “aggregate portfolio”) consisted of 44 wholly-owned shopping centers, 13 shopping centers owned through its grocery anchored joint venture, 48 retail properties owned through its net lease joint venture and one net lease retail property that was held for sale by the Company, which together represent 15.0 million square feet of gross leasable area (GLA). As of December 31, 2022, the Company’s pro-rata share of the aggregate portfolio was 93.8% leased.
The company has a dividend yield of 6.04% with the ex dividend date set at 17-3-2023 (DMY).
Other points of data to note are a P/E ratio of 10.4, revenue per share of 2.6 and a 1.01% return on assets.
