Rithm Property Trust (NYSE:RPT) Shares Break Above 50-Day Moving Average - Should You Sell?

Key Points

• RPT moved above its 50-day moving average, trading as high as $11.38 and last at $11.35, compared with a 50-day average of $11.32.
• Analyst views are mixed: MarketBeat reports an average Hold rating and a $13.50 consensus price target, with one Buy and one Sell rating.
• Quarterly EPS of $0.23 beat the $0.09 consensus estimate. The quarterly dividend is $0.36 per share (12.7% annualized yield), but the reported payout ratio is unusually high at 960%.

Shares of Rithm Property Trust Inc. (NYSE:RPT - Get Free Report) passed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $11.32 and traded as high as $11.38. Rithm Property Trust shares last traded at $11.35, with a volume of 6,638 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on RPT. Wall Street Zen raised Rithm Property Trust from a "sell" rating to a "hold" rating in a research note on Saturday, October 31st. Wedbush started coverage on Rithm Property Trust in a research note on Thursday, October 22nd. They set an "outperform" rating and a $13.50 target price for the company. Finally, Weiss Ratings reiterated a "sell (d)" rating on shares of Rithm Property Trust in a report on Friday, October 2nd. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, Rithm Property Trust currently has an average rating of "Hold" and a consensus price target of $13.50.

Rithm Property Trust Stock Performance

The firm has a market capitalization of $89.78 million, a P/E ratio of 75.67 and a beta of 1.26. The company's 50 day moving average is $11.32 and its 200-day moving average is $12.91. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.87.

Rithm Property Trust (NYSE:RPT - Get Free Report) last posted its quarterly earnings results on Wednesday, October 21st. The company reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.14. Rithm Property Trust had a net margin of 12.14% and a return on equity of 2.58%. The business had revenue of $6.05 million during the quarter. As a group, equities analysts anticipate that Rithm Property Trust Inc. will post 0.35 EPS for the current year.

Rithm Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, October 30th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 12.7%. The ex-dividend date of this dividend is Friday, October 30th. Rithm Property Trust's dividend payout ratio is 960.00%.

Institutional Trading of Rithm Property Trust

Several large investors have recently made changes to their positions in the company. Royal Bank of Canada raised its stake in Rithm Property Trust by 750.6% during the 1st quarter. Royal Bank of Canada now owns 7,723 shares of the company's stock worth $103,000 after buying an additional 6,815 shares during the period. Bank of New York Mellon Corp boosted its holdings in Rithm Property Trust by 8.3% in the first quarter. Bank of New York Mellon Corp now owns 17,240 shares of the company's stock worth $231,000 after acquiring an additional 1,328 shares in the last quarter. Renaissance Technologies LLC grew its stake in Rithm Property Trust by 21.9% in the first quarter. Renaissance Technologies LLC now owns 60,017 shares of the company's stock valued at $804,000 after acquiring an additional 10,800 shares during the period. Finally, Family Manage LLC grew its stake in Rithm Property Trust by 0.6% in the first quarter. Family Manage LLC now owns 157,804 shares of the company's stock valued at $2,113,000 after acquiring an additional 972 shares during the period. 58.60% of the stock is currently owned by institutional investors and hedge funds.

About Rithm Property Trust

Rithm Property Trust Inc is a real estate investment trust (REIT) externally managed by an affiliate of Rithm Capital Corp. (Rithm). The company focuses on commercial real estate-focused investment, including originating, acquiring and managing portfolios of CMBS, commercial real property, commercial mortgage loans and other CRE investments. It has two reportable operating segments: Residential and Commercial. The majority of the company's revenue is derived from the Residential segment, which is focused on managing a portfolio that includes residential mortgage assets, including whole mortgage loans, RMBS and beneficial interests.

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