Rithm Property Trust (NYSE:RPT) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Rithm Property Trust from a “strong sell” to a “sell,” while Weiss Ratings also initiated coverage with a “sell (d)” rating. The stock’s overall analyst sentiment remains negative, with an average rating of “Sell.”
• Rithm Property Trust recently reported Q1 earnings of -$0.04 per share, beating consensus expectations of -$0.06 by $0.02. Quarterly revenue came in at $2.85 million, and analysts expect full-year EPS of $0.08.
• Shares opened at $14.97, with the company showing a market cap of $116.32 million and a 52-week range of $12.88 to $17.94. Institutional ownership remains significant at 58.60%, and Bank of New York Mellon increased its stake in the first quarter.

Rithm Property Trust (NYSE:RPT - Get Free Report) was upgraded by analysts at Wall Street Zen from a "strong sell" rating to a "sell" rating in a report released on Sunday.

Separately, Weiss Ratings initiated coverage on shares of Rithm Property Trust in a report on Wednesday, April 8th. They set a "sell (d)" rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Rithm Property Trust currently has an average rating of "Sell".

Rithm Property Trust Price Performance

Shares of Rithm Property Trust stock opened at $14.97 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.13 and a quick ratio of 0.90. The company has a market capitalization of $116.32 million, a P/E ratio of -51.62 and a beta of 1.25. Rithm Property Trust has a fifty-two week low of $12.88 and a fifty-two week high of $17.94.

Rithm Property Trust (NYSE:RPT - Get Free Report) last issued its quarterly earnings results on Friday, April 24th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.06) by $0.02. The business had revenue of $2.85 million for the quarter. Rithm Property Trust had a return on equity of 1.27% and a net margin of 5.52%. On average, analysts expect that Rithm Property Trust will post 0.08 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Rithm Property Trust stock. Bank of New York Mellon Corp grew its stake in Rithm Property Trust Inc. (NYSE:RPT - Free Report) by 8.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,240 shares of the company's stock after buying an additional 1,328 shares during the period. Bank of New York Mellon Corp owned 0.23% of Rithm Property Trust worth $231,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 58.60% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.