Rithm Property Trust (NYSE:RPT) Stock Price Up 0.8% - Here's What Happened

Key Points

• Rithm Property Trust shares rose 0.8% to $13.16, despite trading volume falling 39% below the stock’s average daily level.
• Analyst sentiment is mixed, with ratings ranging from “strong sell” to “strong buy,” resulting in a MarketBeat consensus rating of “Moderate Buy.”
• The company reported quarterly adjusted earnings of a $0.01 loss per share, outperforming estimates for a $0.04 loss, and paid a $0.36 quarterly dividend—an annualized yield of approximately 10.9%.

Shares of Rithm Property Trust Inc. (NYSE:RPT - Get Free Report) rose 0.8% during trading on Thursday . The company traded as high as $13.25 and last traded at $13.16. Approximately 46,138 shares traded hands during mid-day trading, a decline of 39% from the average daily volume of 75,069 shares. The stock had previously closed at $13.05.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on RPT shares. Weiss Ratings restated a "sell (d)" rating on shares of Rithm Property Trust in a research report on Monday, July 6th. Wall Street Zen raised shares of Rithm Property Trust from a "strong sell" rating to a "sell" rating in a report on Sunday, May 10th. Finally, Wedbush upgraded shares of Rithm Property Trust to a "strong-buy" rating in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Rithm Property Trust currently has a consensus rating of "Moderate Buy".

Rithm Property Trust Trading Up 0.8%

The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.00 and a current ratio of 1.00. The stock's fifty day moving average price is $13.21. The firm has a market cap of $102.25 million, a P/E ratio of -50.62 and a beta of 1.25.

Rithm Property Trust (NYSE:RPT - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The company reported ($0.01) earnings per share for the quarter, topping analysts' consensus estimates 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%. As a group, research analysts predict that Rithm Property Trust Inc. will post 0.18 EPS for the current year.

Rithm Property Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 7th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Tuesday, July 7th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 10.9%. Rithm Property Trust's payout ratio is presently -553.85%.

Institutional Trading of Rithm Property Trust

Hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp grew 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 purchasing an additional 1,328 shares during the period. Renaissance Technologies LLC increased 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 purchasing an additional 10,800 shares in the last quarter. Family Manage LLC increased its holdings in 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 buying an additional 972 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings 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 valued at $103,000 after purchasing an additional 6,815 shares during the last quarter. 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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