Analyst Price Target is $11.50
▼ -10.37% Downside Potential
This price target is based on 1 analysts offering 12 month price targets for RPT Realty in the last 3 months. The average price target is $11.50, with a high forecast of $11.50 and a low forecast of $11.50. The average price target represents a -10.37% upside from the last price of $12.83.
Current Consensus is
Hold
The current consensus among 1 contributing investment analysts is to hold stock in RPT Realty. This Hold consensus rating has held steady for over two years.
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. The Company is a fully integrated and self-administered REIT publicly traded on the New York Stock Exchange (the "NYSE"). The common shares of the Company, par value $0.01 per share (the "common shares") are listed and traded on the NYSE under the ticker symbol "RPT". As of September 30, 2023, the Company's property portfolio (the "aggregate portfolio") consisted of 43 wholly-owned shopping centers, 13 shopping centers owned through its grocery-anchored joint venture, and 49 retail properties owned through its net lease joint venture, which together represent 14.9 million square feet of gross leasable area ("GLA"). As of September 30, 2023, the Company's pro-rata share of the aggregate portfolio was 93.5% leased.
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