RPT Realty (NYSE:RPT) Shares Bought by Rhumbline Advisers

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Rhumbline Advisers increased its holdings in RPT Realty (NYSE:RPT) by 6.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 276,912 shares of the real estate investment trust’s stock after purchasing an additional 15,560 shares during the quarter. Rhumbline Advisers owned 0.34% of RPT Realty worth $3,752,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in RPT Realty by 34.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 134,403 shares of the real estate investment trust’s stock worth $1,614,000 after purchasing an additional 34,530 shares during the period. Swiss National Bank raised its holdings in RPT Realty by 2.1% in the 2nd quarter. Swiss National Bank now owns 149,200 shares of the real estate investment trust’s stock worth $1,807,000 after purchasing an additional 3,100 shares during the period. Parametric Portfolio Associates LLC raised its holdings in RPT Realty by 61.6% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 382,823 shares of the real estate investment trust’s stock worth $4,636,000 after purchasing an additional 145,912 shares during the period. Macquarie Group Ltd. raised its holdings in RPT Realty by 2.2% in the 2nd quarter. Macquarie Group Ltd. now owns 8,643,698 shares of the real estate investment trust’s stock worth $104,675,000 after purchasing an additional 190,174 shares during the period. Finally, Quantamental Technologies LLC acquired a new position in RPT Realty in the 2nd quarter worth about $105,000.

NYSE:RPT opened at $14.44 on Friday. RPT Realty has a 12 month low of $11.26 and a 12 month high of $14.83. The stock has a 50 day moving average of $13.80 and a two-hundred day moving average of $12.66. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.34. The firm has a market cap of $1.18 billion, a P/E ratio of 10.70, a price-to-earnings-growth ratio of -6.76 and a beta of 0.68.

RPT Realty (NYSE:RPT) last posted its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.22). RPT Realty had a return on equity of 2.04% and a net margin of 6.13%. The firm had revenue of $58.92 million for the quarter, compared to analysts’ expectations of $57.13 million. During the same quarter last year, the firm posted $0.32 earnings per share. RPT Realty’s quarterly revenue was down 8.2% on a year-over-year basis. On average, research analysts forecast that RPT Realty will post 1.08 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 20th will be paid a dividend of $0.22 per share. The ex-dividend date is Thursday, December 19th. This represents a $0.88 annualized dividend and a yield of 6.09%. RPT Realty’s dividend payout ratio (DPR) is currently 65.19%.

A number of equities analysts recently weighed in on RPT shares. Compass Point started coverage on RPT Realty in a report on Thursday, August 15th. They issued a “sell” rating and a $10.50 price target for the company. ValuEngine upgraded RPT Realty from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. Finally, Zacks Investment Research upgraded RPT Realty from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Thursday, August 15th.

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.

See Also: Leveraged Buyout (LBO)

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Institutional Ownership by Quarter for RPT Realty (NYSE:RPT)

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