Rithm Property Trust Inc. (NYSE:RPT – Get Free Report) announced a quarterly dividend on Tuesday, October 20th. Investors of record on Friday, October 30th will be given a dividend of $0.36 per share on Monday, November 30th. This represents a $1.44 annualized dividend and a yield of 12.9%. The ex-dividend date of this dividend is Friday, October 30th.
Rithm Property Trust Stock Up 2.8%
NYSE RPT traded up $0.31 on Thursday, reaching $11.20. The stock had a trading volume of 54,080 shares, compared to its average volume of 48,946. 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 company’s fifty day moving average price is $11.88. Rithm Property Trust has a 12-month low of $9.80 and a 12-month high of $17.94. The company has a market capitalization of $87.02 million, a price-to-earnings ratio of -43.08 and a beta of 1.27.
Rithm Property Trust (NYSE:RPT – Get Free Report) last released its quarterly earnings results on Wednesday, October 21st. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.09 by $0.14. Rithm Property Trust had a return on equity of 1.20% and a net margin of 5.87%. The business had revenue of $6.05 million during the quarter. Sell-side analysts forecast that Rithm Property Trust will post 0.18 earnings per share for the current fiscal year.
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.
Further Reading
- Five stocks we like better than Rithm Property Trust
- Flywire’s Rapid Growth Faces a Q3 Test—Is Its Stock Already Too Expensive?
- Cologuard Is Working—So Why Isn’t Abbott Stock?
- Micron’s Taiwan Strike: A High-Stakes Fight Over AI Profits
- Intuitive Surgical Stock: Margin Hit Masks Strong Q3 Growth Story
Receive News & Ratings for Rithm Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rithm Property Trust and related companies with MarketBeat.com's FREE daily email newsletter.
