Rithm Property Trust Inc. to Issue Quarterly Dividend of $0.36 (NYSE:RPT)

Rithm Property Trust Inc. (NYSE:RPT) announced a quarterly dividend on Friday, June 26th. Investors of record on Tuesday, July 7th will be given a dividend of 0.36 per share on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 9.8%. The ex-dividend date is Tuesday, July 7th.

Rithm Property Trust Stock Performance

NYSE RPT opened at $14.70 on Friday. Rithm Property Trust has a one year low of $12.88 and a one year high of $17.94. The stock has a 50-day simple moving average of $14.51. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market cap of $114.22 million, a P/E ratio of -50.69 and a beta of 1.24.

Rithm Property Trust (NYSE:RPT) last posted its earnings results on Friday, April 24th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.02. The business had revenue of $2.85 million for the quarter. Rithm Property Trust had a net margin of 5.52% and a return on equity of 1.27%. On average, equities analysts predict that Rithm Property Trust will post 0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of RPT. Royal Bank of Canada grew 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 valued at $103,000 after purchasing an additional 6,815 shares during the period. Bank of New York Mellon Corp lifted its stake 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 purchasing an additional 1,328 shares during the period. Renaissance Technologies LLC lifted its stake 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 during the period. Finally, Family Manage LLC lifted its stake 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 purchasing an additional 972 shares during the period. 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.