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Why RPT Realty (RPT) Stock Might be a Great Pick

Zacks Equity Research
·2-min read

One stock that might be an intriguing choice for investors right now is RPT Realty RPT. This is because this security in the REIT and Equity Trust - Residential space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the REIT and Equity Trust - Residential space as it currently has a Zacks Industry Rank of 49 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, RPT Realty is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.

RPT Realty Price and Consensus

RPT Realty Price and Consensus
RPT Realty Price and Consensus

RPT Realty price-consensus-chart | RPT Realty Quote

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In fact, over the past 30 days, current quarter estimates have moved from 23 cents per share to 24 cents per share, while current year estimates have moved from 87 cents per share to 89 cents per share. The company currently carries a Zacks Rank #3 (Hold), which is also a favorable signal. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

So, if you are looking for a decent pick in a strong industry, consider RPT Realty. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.


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Zacks Investment Research