Penny Stocks – RPT Realty (NYSE:RPT) Announces $0.08 Quarterly Dividend
RPT Realty (NYSE:RPT) announced a quarterly dividend on Friday, May 7th, Wall Street Journal reports. Shareholders of record on Friday, June 18th will be given a dividend of 0.075 per share by the real estate investment trust on Thursday, July 1st. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date is Thursday, June 17th.
RPT Realty has decreased its dividend payment by 75.0% over the last three years.
RPT stock traded up $0.20 during midday trading on Friday, reaching $12.98. 354,766 shares of the company’s stock traded hands, compared to its average volume of 455,271. The company has a current ratio of 5.30, a quick ratio of 5.30 and a debt-to-equity ratio of 1.48. RPT Realty has a 52-week low of $4.79 and a 52-week high of $13.15. The stock has a market cap of $1.05 billion, a P/E ratio of 18.43, a PEG ratio of 6.06 and a beta of 1.55. The stock’s 50-day moving average is $12.09 and its 200 day moving average is $9.49.
RPT Realty (NYSE:RPT) last issued its quarterly earnings data on Wednesday, May 5th. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. RPT Realty had a net margin of 33.76% and a return on equity of 9.40%. As a group, research analysts expect that RPT Realty will post 0.82 EPS for the current fiscal year.
RPT has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft increased their target price on shares of RPT Realty from $10.00 to $13.00 and gave the stock a “buy” rating in a report on Thursday, April 15th. Jefferies Financial Group raised RPT Realty from a “hold” rating to a “buy” rating and raised their price target for the company from $8.00 to $10.00 in a report on Wednesday, January 13th. Zacks Investment Research raised RPT Realty from a “sell” rating to a “hold” rating in a research note on Wednesday, March 17th. TheStreet downgraded RPT Realty from a “c-” rating to a “d+” rating in a research note on Thursday, February 18th. Finally, KeyCorp upped their price target on RPT Realty from $11.00 to $13.00 and gave the stock an “overweight” rating in a research note on Monday, March 29th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $11.25.
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 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.
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Now that the Biden administration is fully in charge, student debt forgiveness has moved to the front burner. Consider these numbers. There is an estimated $1.7 trillion in student debt. The average student carries approximately $30,000 in student loans.
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