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

Wall Street Zen upgraded shares of Rithm Property Trust (NYSE:RPT) from a strong sell rating to a sell rating in a research note issued to investors on Sunday.

Separately, Weiss Ratings initiated coverage on Rithm Property Trust in a research note 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 data from MarketBeat.com, the company presently 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 quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.93. Rithm Property Trust has a fifty-two week low of $12.88 and a fifty-two week high of $17.94. The firm has a market capitalization of $116.32 million, a price-to-earnings ratio of -51.62 and a beta of 1.25.

Rithm Property Trust (NYSE:RPT) last posted its quarterly earnings data on Friday, April 24th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.02. The company 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%. As a group, analysts expect that Rithm Property Trust will post 0.08 EPS for the current fiscal year.

Rithm Property Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.44 dividend on an annualized basis and a yield of 9.6%. Rithm Property Trust’s payout ratio is currently -496.55%.

Institutional Trading of Rithm Property Trust

An institutional investor recently raised its stake in Rithm Property Trust stock. Bank of New York Mellon Corp increased its stake in Rithm Property Trust Inc. (NYSE:RPT) by 8.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,240 shares of the company’s stock after purchasing 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 SEC filing. 58.60% of the stock is currently owned by 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.