According to the most recent filing that the company has made with the Securities and Exchange Commission, during the third quarter of 2018, Strs Ohio decreased its holdings in RPT Realty (NYSE: RPT) by 19.9%. After selling 21,755 shares of the real estate investment trust’s stock throughout the time frame, the fund had 87,312 shares in its possession. At the end of the most recent reporting period, Strs Ohio held a holding in RPT Realty that was valued at approximately 660,000 dollars. This represents approximately 0.10% of the company’s total outstanding shares.
Recent transactions involving other significant investors involved the buying and selling business stock. These transactions took place recently.Point72 Hong Kong Ltd. contributed $29,000 during the second quarter toward acquiring a new investment in RPT Realty. During the second quarter of the fiscal year, Captrust Financial Advisors made a new investment in RPT Realty that cost them $42,000. During the second quarter of the fiscal year, KBC Group NV made a new investment in RPT Realty that required a contribution of $64,000. During the first three months of 2018, Federated Hermes Inc. acquired an additional 812.0% of RPT Realty, bringing the total amount of ownership it holds in RPT Realty to 100%. Following purchasing an additional 4,864 shares over the preceding three months, Federated Hermes Inc. now directly owns 5,463 shares of the real estate investment trust, which have an estimated market value of $75,000. These shares were acquired to bring the total number of shares owned by the company up to 5,463. In the final step of the process, CoreCap Advisors LLC made a new investment in RPT Realty during the second quarter of the fiscal year. This investment was worth a total of $78,000. 96.01% of the company’s shares are owned by institutional investors and hedge funds, making up most of these shareholders.
Recent developments at RPT have piqued the interest of various research companies. In a report on January 4, Deutsche Bank Aktiengesellschaft announced that it had decreased its price target for RPT Realty from $13.00 to $12.00. In addition, the bank moved the rating it had previously assigned to the company from “buy” to “hold.” After StockNews.com covered the company, RPT Realty went from rating “sell” to rating “hold” in a report that was made available on November 14. In a report distributed on Tuesday, November 1, RPT Realty was downgraded by Credit Suisse Group from “outperform” to “neutral.”
Due to the downgrade, their price objective was reduced from $13.00 to $10.00. The price objective for RPT Realty was lowered from $11.00 to $10.00 in a research note that Mizuho published on Friday, November 11. The research note also assigned a “neutral” rating to the company’s stock. Raymond James lowered their price objective on shares of RPT Realty from $13.00 to $12.00 while maintaining an “outperform” rating on the company in a research note published on January 4. Two research experts have suggested that investors buy the stock, while five others have stated that investors should keep their holdings the same. The current rating for RPT Realty is “Hold,” and the price objective for the company has been set at $11.33, according to information from Bloomberg.com.
On Wednesday, the stock of RPT was listed on the NYSE for $10.23 when trading began. The simple moving average price of the company’s shares over the past 50 days is $10.50, while the average price over the last 200 days is $9.87. The company has a price-to-earnings ratio of 102.31, a price-to-earnings-growth ratio of 1.22, and a company beta value is 1.61. The market value of the stock is currently 872.10 million dollars. There is a debt-to-equity ratio of 1.16, a quick ratio of 0.49, and a current ratio of 0.49. Each of these ratios is equal to the other. During RPT Realty’s trading career, the company’s share price reached a 52-week low of $7.28 and a 52-week high of $14.36.
In addition, the business just recently announced and paid out a quarterly dividend, which was done on January 3 of this year. The dividend was paid out to shareholders. On Tuesday, December 20, dividends for $0.13 per share were distributed to shareholders who recorded their shares as of that day. This translates into a dividend payment of $0.52 per month and a dividend yield of 5.08% for the stock when calculated annually. On Monday, December 19, shareholders were not given any portion of this dividend payment because it had been distributed. RPT Realty has a dividend payout ratio, or DPR, of 520.05%. This ratio is also known as the dividend payout percentage.
RPT Realty owns and manages open-air shopping facilities across the United States, most of which can be found in major metropolitan areas. These shopping centers can be found in a variety of sizes and configurations. Customers have access to a wide variety of locally and regionally curated shopping and dining options at the company’s retail properties, which include shopping centers. These experiences not only reflect the culture of the communities in which the shopping centers are located, but they also cater to the ever-changing requirements of the retail partners owned by the company.