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 and has a mean target at $11.00. Given that the stocks previous close was at $9.03 this now indicates there is a potential upside of 21.8%. Also worth taking note is the 50 day moving average now sits at $10.14 and the 200 day MA is $9.93. The market cap for the company is $791m. Company Website: https://www.rptrealty.com
The potential market cap would be $964m 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 June 30, 2020, our property portfolio consisted of 49 shopping centers (including five shopping centers owned through a joint venture) representing 11.9 million square feet of gross leasable area. As of June 30, 2020, the Company’s pro-rata share of the aggregate portfolio was 93.6% leased.
The company has a dividend yield of 6.24% with the ex dividend date set at 17-3-2023 (DMY).
Other points of data to note are a P/E ratio of 10.08, revenue per share of 2.6 and a 1.01% return on assets.
