Rithm Property Trust (NYSE:RPT) Stock Price Up 3.9% - What's Next?

Key Points

• Rithm Property Trust shares rose 3.9% to $10.84 during Monday trading, despite volume running about 8% below the average.
• Analyst sentiment is mixed: Wedbush upgraded the stock to “strong buy,” while Weiss Ratings reiterated a “sell” rating; MarketBeat’s overall consensus is “Moderate Buy.”
• The company beat quarterly earnings expectations, reporting a loss of $0.01 per share versus the projected $0.04 loss, while institutional investors own 58.6% of outstanding shares.

Shares of Rithm Property Trust Inc. (NYSE:RPT - Get Free Report) traded up 3.9% during trading on Monday. The company traded as high as $11.09 and last traded at $10.84. 20,089 shares traded hands during mid-day trading, a decline of 8% from the average daily volume of 21,862 shares. The stock had previously closed at $10.43.

Analyst Ratings Changes

Several analysts have recently weighed in on RPT shares. Weiss Ratings restated a "sell (d)" rating on shares of Rithm Property Trust in a research report on Friday, October 2nd. Wedbush raised shares of Rithm Property Trust to a "strong-buy" rating in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, Rithm Property Trust presently has an average rating of "Moderate Buy".

Rithm Property Trust Trading Up 3.9%

The firm has a fifty day moving average price of $11.95. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market cap of $84.23 million, a PE ratio of -41.70 and a beta of 1.27.

Rithm Property Trust (NYSE:RPT - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.03. The firm had revenue of $4.06 million for the quarter. Rithm Property Trust had a return on equity of 1.20% and a net margin of 5.87%. On average, equities analysts anticipate that Rithm Property Trust Inc. will post 0.18 earnings per share for the current fiscal year.

Institutional Trading of Rithm Property Trust

Several hedge funds and other institutional investors have recently bought and sold shares of RPT. Royal Bank of Canada raised its stake in shares of Rithm Property Trust by 750.6% during the first quarter. Royal Bank of Canada now owns 7,723 shares of the company's stock worth $103,000 after acquiring an additional 6,815 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Rithm Property Trust by 8.3% in the 1st 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 during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Rithm Property Trust by 21.9% in the 1st quarter. Renaissance Technologies LLC now owns 60,017 shares of the company's stock worth $804,000 after acquiring an additional 10,800 shares during the last quarter. Finally, Family Manage LLC lifted its holdings in shares of Rithm Property Trust by 0.6% in the 1st quarter. Family Manage LLC now owns 157,804 shares of the company's stock worth $2,113,000 after acquiring an additional 972 shares during the last quarter. Hedge funds and other institutional investors own 58.60% of the company's stock.

Rithm Property Trust Company Profile

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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