RPT Realty (RPT) Set to Announce Earnings on Wednesday

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RPT Realty (NYSE:RPT) will be releasing its earnings data after the market closes on Wednesday, October 30th. Analysts expect RPT Realty to post earnings of $0.27 per share for the quarter. RPT Realty has set its FY19 guidance at $1.07-1.09 EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

RPT Realty (NYSE:RPT) last issued its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.25). RPT Realty had a return on equity of 2.63% and a net margin of 7.90%. The business had revenue of $57.36 million for the quarter, compared to the consensus estimate of $57.07 million. During the same period in the prior year, the business posted $0.40 earnings per share. RPT Realty’s revenue was down 18.0% on a year-over-year basis. On average, analysts expect RPT Realty to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of RPT stock opened at $14.19 on Wednesday. RPT Realty has a 52-week low of $11.26 and a 52-week high of $14.42. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market capitalization of $1.12 billion, a P/E ratio of 10.51, a P/E/G ratio of -6.45 and a beta of 0.69. The stock has a 50 day moving average price of $13.33 and a 200 day moving average price of $12.46.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 20th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.20%. The ex-dividend date of this dividend was Thursday, September 19th. RPT Realty’s dividend payout ratio is currently 65.19%.

A number of brokerages recently issued reports on RPT. ValuEngine lowered RPT Realty from a “hold” rating to a “sell” rating in a research note on Friday, October 4th. Zacks Investment Research upgraded RPT Realty from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a report on Thursday, August 15th. Finally, Compass Point initiated coverage on RPT Realty in a report on Thursday, August 15th. They set a “sell” rating and a $10.50 price objective on the stock.

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 for RPT Realty (NYSE:RPT)

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