RPT Realty (NYSE:RPT) announced a quarterly dividend on Monday, April 29th, Zacks reports. Stockholders of record on Thursday, June 20th will be given a dividend of 0.22 per share by the real estate investment trust on Monday, July 1st. This represents a $0.88 annualized dividend and a dividend yield of 6.83%. The ex-dividend date of this dividend is Wednesday, June 19th.

RPT Realty has raised its dividend payment by an average of 2.8% per year over the last three years. RPT Realty has a payout ratio of 63.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect RPT Realty to earn $1.09 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 80.7%.

Shares of RPT stock traded up $0.05 during trading hours on Tuesday, hitting $12.89. The company had a trading volume of 2,341 shares, compared to its average volume of 456,141. The business’s fifty day moving average is $12.55. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 1.32. RPT Realty has a fifty-two week low of $11.26 and a fifty-two week high of $14.42. The firm has a market capitalization of $1.02 billion, a PE ratio of 9.57, a PEG ratio of 212.35 and a beta of 0.69.

RPT Realty (NYSE:RPT) last issued its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.11 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.15). RPT Realty had a return on equity of 2.76% and a net margin of 8.06%. The company had revenue of $59.70 million during the quarter, compared to analyst estimates of $60.31 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. The business’s revenue was down 4.8% compared to the same quarter last year. Equities research analysts expect that RPT Realty will post 1.06 earnings per share for the current year.

Separately, Zacks Investment Research upgraded shares of RPT Realty from a “sell” rating to a “hold” rating in a report on Saturday, May 11th.

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RPT Realty Company Profile

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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Dividend History for RPT Realty (NYSE:RPT)

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