Rithm Property Trust (NYSE:RPT) Shares Up 0.8% – Here’s Why

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

Analyst Ratings Changes

RPT has been the subject of a number of research analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Rithm Property Trust in a research report on Monday, July 6th. Wall Street Zen upgraded shares of Rithm Property Trust from a “strong sell” rating to a “sell” rating in a research report on Sunday, May 10th. Finally, Wedbush raised shares of Rithm Property Trust to a “strong-buy” rating in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

Rithm Property Trust Stock Performance

The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.91. The firm has a 50-day moving average of $13.18. The company has a market cap of $102.41 million, a PE ratio of -50.70 and a beta of 1.25.

Rithm Property Trust (NYSE:RPT) last posted its quarterly earnings data on Tuesday, July 28th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. The firm had revenue of $4.06 million during the quarter. Rithm Property Trust had a return on equity of 1.20% and a net margin of 5.87%. As a group, analysts expect that Rithm Property Trust Inc. will post 0.18 earnings per share for the current year.

Rithm Property Trust Dividend Announcement

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

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 lifted its stake in shares of 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 purchasing an additional 6,815 shares during the period. Bank of New York Mellon Corp grew its position in shares of 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 valued at $231,000 after purchasing an additional 1,328 shares during the period. Renaissance Technologies LLC increased 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 purchasing an additional 10,800 shares during the last quarter. Finally, Family Manage LLC increased 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 purchasing an additional 972 shares during the last quarter. 58.60% of the stock is owned by hedge funds and other institutional investors.

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.