RPT - RPT Realty downgraded to Hold from Buy at Jefferies
- Jefferies analyst Linda Tsai downgraded RPT Realty ( RPT ) to Hold from Buy with a price target of $10, down from $16, citing weaker pricing power, longer duration leases, and/or structural headwinds.
- She also believes REITs underperforming in a looming recession is "not a given," noting that real estate demonstrated "robust returns" during past stagflation periods.
- The analysts, who are making a number of rating changes among their REITS coverage, recommend property types with rent inflation potential to offsets occupancy pressures, such as Industrial, Storage, Residential, DCs, Towers, and Senior Housing.
- RPT Realty's SA Quant Rating stands with a Hold whereas, Wall St. Analysts Rating says to Buy (4 Very Bullish, 2 Bullish, 1 Bearish).
- Since the start of 2022, RPT Realty's shares were down around 28% , and over a period of one year, shares were down around 24% .
- Shares are currently down ~2.87% to $9.82 today.
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RPT Realty downgraded to Hold from Buy at Jefferies