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.
Analyst Ratings Changes
Several brokerages have recently commented on RPT. StockNews.com raised shares of RPT Realty from a "sell" rating to a "hold" rating in a research report on Thursday, August 4th. KeyCorp reduced their price target on shares of RPT Realty from $15.00 to $14.00 and set an "overweight" rating on the stock in a research report on Tuesday, June 28th. Jefferies Financial Group cut shares of RPT Realty from a "buy" rating to a "hold" rating and reduced their price target for the stock from $16.00 to $10.00 in a research report on Thursday, June 30th. Credit Suisse Group began coverage on shares of RPT Realty in a report on Wednesday, June 22nd. They issued an "outperform" rating and a $13.00 target price on the stock. Finally, Mizuho cut their target price on shares of RPT Realty from $15.00 to $12.00 and set a "buy" rating on the stock in a report on Thursday, July 21st. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $13.00.
RPT Realty Stock Performance
Shares of RPT traded up $0.01 during mid-day trading on Thursday, reaching $10.69. 877,510 shares of the company's stock traded hands, compared to its average volume of 498,111. The business's 50-day moving average price is $10.32 and its 200-day moving average price is $12.03. The stock has a market capitalization of $909.84 million, a P/E ratio of 41.12, a price-to-earnings-growth ratio of 1.11 and a beta of 1.49. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.94 and a current ratio of 0.94. RPT Realty has a 12 month low of $9.25 and a 12 month high of $14.99.
RPT Realty Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Tuesday, September 20th will be issued a dividend of $0.13 per share. The ex-dividend date is Monday, September 19th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.86%. RPT Realty's dividend payout ratio (DPR) is presently 200.01%.