RPT Realty found using ticker (RPT) have now 10 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 14 and 9 calculating the average target price we see 11.45. Given that the stocks previous close was at 9.09 this would imply there is a potential upside of 26.0%. The 50 day moving average now sits at 8.93 and the 200 moving average now moves to 11.26. The market capitalisation for the company is $806m. Visit the company website at: https://www.rptrealty.com
The potential market cap would be $1,015m based on the market concensus.
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.
