The stock of RPT Realty (NYSE:RPT) increased by $1.66 on Monday to finish at $11.23, up 17.35 percent. The last five days have seen an average of 3,780,120 shares of common stock traded. 11 times new highs were reached in the current year, with a gain of $1.19. The average number of shares traded over the last 20 days was 1,624,190, while the average volume over the last 50 days totaled 937,086.
RPT stock appreciated 4.66% since last month. On 08/22/23, the company’s shares reached a one-month low of $9.22. The stock touched a high of $11.39 on 08/28/23, after rallying from a low of $7.28 in 52 weeks. The price of RPT stock has risen by 11.85% or $1.19 this year, reaching a new high 11 times. Still, the stock price is down -1.40% from the 52-week high.
Valuation Metrics
RPT Realty (RPT) has a trailing price-to-earnings (P/E) ratio of 14.97. Beta for the stock is 1.67. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 4.66, the price-to-book (PB) ratio of 1.14, and the price-to-cash flow ratio of 13.34.
Company paid $0.14 per share in dividends, remained unchanged from $0.14 last year.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.01, and the total debt to equity ratio is 1.01. As far as profitability goes, gross margin for the trailing twelve months is 68.70% percent. RPT Realty’s operating margin stood at 14.30% for the same period. Based on annual data, it had gross profit of $118.8 million and revenue of $217.66 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. RPT’s return on assets (ROA) during the last 12 months has been 3.40%. There was a 1.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 7.70%.
Earnings Surprise
According to RPT Realty’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $51.05 million, while revenues fell by -8.31% to $52.25 million. It was predicted that RPT Realty’s quarterly earnings would be -$0.02, but it ended up being -$0.02. EBITDA was $25.67 million for the quarter. At the end of RPT Realty’s most recent quarter ended June 29, its total debt was $866.25 million. Equity owned by shareholders amounts to $86.77 million.
Technical Picture
Here’s a quick look at RPT Realty’s (RPT) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 74.35%, suggesting the stock is Overbought, with a 85.86% historical volatility rate.
The stochastic %K and %D were 44.84% and 27.59% respectively, while the average true range (ATR) was 0.42. Based on the 14-day stochastic reading of 86.64%, the RSI (14) reading is 67.23%. On the 9-day MACD Oscillator, the stock is at 0.38, and the 14-day reading is at 0.17.
Analyst Ratings
RPT Realty (NYSE: RPT) was downgraded by Deutsche Bank to a a Hold rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned RPT Realty (RPT) an Hold rating. RPT is a stock that is recommended for selling by 0 brokerage firms, while 5 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is RPT’s price target for the next 12 months?
The current consensus forecast for the stock is between $10.00 and $14.00, with a median target price of $11.00. In analyzing these forecasts, the average price target given by analysts for RPT Realty (RPT) is $11.50.
