Fox Run Management L.L.C. Takes $119,000 Position in RPT Realty (NYSE:RPT)

Posted by on May 8th, 2023

Fox Run Management L.L.C. purchased a new stake in RPT Realty (NYSE:RPT – Get Rating) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 11,874 shares of the real estate investment trust’s stock, valued at approximately $119,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in RPT. Wolverine Asset Management LLC lifted its stake in shares of RPT Realty by 456.6% in the fourth quarter. Wolverine Asset Management LLC now owns 2,694 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 2,210 shares during the period. Point72 Hong Kong Ltd bought a new position in RPT Realty during the second quarter worth about $29,000. Captrust Financial Advisors bought a new position in shares of RPT Realty in the second quarter valued at approximately $42,000. Federated Hermes Inc. raised its stake in shares of RPT Realty by 812.0% in the first quarter. Federated Hermes Inc. now owns 5,463 shares of the real estate investment trust’s stock valued at $75,000 after acquiring an additional 4,864 shares during the last quarter. Finally, Sei Investments Co. bought a new position in shares of RPT Realty in the second quarter valued at approximately $94,000. 96.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RPT has been the subject of a number of research analyst reports. StockNews.com initiated coverage on shares of RPT Realty in a research note on Thursday, March 16th. They issued a “hold” rating for the company. Mizuho lifted their target price on shares of RPT Realty from $10.00 to $11.00 in a research note on Wednesday, March 1st. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, RPT Realty presently has an average rating of “Hold” and an average target price of $11.50.

RPT Realty Price Performance

RPT opened at $9.24 on Monday. The company has a fifty day moving average price of $9.48 and a two-hundred day moving average price of $10.01. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.46 and a current ratio of 0.49. RPT Realty has a 52 week low of $7.28 and a 52 week high of $13.00. The firm has a market capitalization of $800.28 million, a PE ratio of 11.41, a P/E/G ratio of 1.54 and a beta of 1.62.

RPT Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 3rd. Investors of record on Tuesday, June 20th will be given a $0.14 dividend. The ex-dividend date is Friday, June 16th. This represents a $0.56 annualized dividend and a yield of 6.06%. RPT Realty’s dividend payout ratio is currently 69.14%.

About RPT Realty

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RPT Realty operates as a real estate investment trust, which develops, manages, and leases out commercial properties. Its portfolio includes shopping centers, supermarkets, and retail shops. The company was founded on May 1, 1996 and is headquartered in New York, NY.

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

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