Rithm Property Trust’s (RPT) “Outperform” Rating Reaffirmed at Wedbush

Rithm Property Trust (NYSE:RPT)‘s stock had its “outperform” rating restated by stock analysts at Wedbush in a report issued on Thursday, Benzinga reports. They presently have a $13.50 price target on the stock. Wedbush’s target price points to a potential upside of 23.18% from the company’s previous close.

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Rithm Property Trust in a research report on Friday, October 2nd. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Rithm Property Trust currently has a consensus rating of “Hold” and an average price target of $13.50.

Rithm Property Trust Price Performance

Rithm Property Trust stock opened at $10.96 on Thursday. The business’s 50 day moving average price is $11.88. Rithm Property Trust has a fifty-two week low of $9.80 and a fifty-two week high of $17.94. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.00 and a current ratio of 1.00.

Rithm Property Trust (NYSE:RPT) last issued its quarterly earnings data on Wednesday, October 21st. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.14. Rithm Property Trust had a net margin of 5.87% and a return on equity of 1.20%. The firm had revenue of $6.05 million during the quarter. Equities research analysts predict that Rithm Property Trust will post 0.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada boosted its holdings in shares of Rithm Property Trust by 750.6% in the first quarter. Royal Bank of Canada now owns 7,723 shares of the company’s stock valued at $103,000 after buying an additional 6,815 shares during the period. Bank of New York Mellon Corp increased its position in shares of Rithm Property Trust by 8.3% during the first quarter. Bank of New York Mellon Corp now owns 17,240 shares of the company’s stock worth $231,000 after acquiring an additional 1,328 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Rithm Property Trust by 21.9% during the first quarter. Renaissance Technologies LLC now owns 60,017 shares of the company’s stock worth $804,000 after acquiring an additional 10,800 shares during the period. Finally, Family Manage LLC raised its holdings in shares of Rithm Property Trust by 0.6% during the first quarter. Family Manage LLC now owns 157,804 shares of the company’s stock worth $2,113,000 after acquiring an additional 972 shares during the period. Institutional investors own 58.60% of the company’s stock.

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.