Shares of RPT Realty (NYSE:RPT – Get Free Report) have been assigned an average rating of “Hold” from the four research firms that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation. The average 12-month price target among analysts that have issued ratings on the stock […]
Kimco Realty: RPT Realty shareholders will receive 0.6049 of a newly-issued Kimco stock for each share held, or $11.34, a 19% premium to RPT s closing price on Aug. 25.
RPT Realty (NYSE:RPT) rallied Monday on news RPT is being acquired by Kimco Realty for $2 billion in stock. The deal is expected to close in early 2024. “Approximately 70% of RPT’s portfolio aligns with our key strategic markets,” Kimco CEO Conor Flynn .