Rithm Property Trust Inc. (NYSE:RPT – Get Free Report) saw a large drop in short interest in August. As of August 14th, there was short interest totaling 181,074 shares, a drop of 33.7% from the July 30th total of 273,130 shares. Based on an average daily trading volume, of 69,443 shares, the days-to-cover ratio is currently 2.6 days. Approximately 2.3% of the shares of the company are short sold.
Rithm Property Trust Price Performance
RPT stock opened at $12.49 on Thursday. The stock has a market cap of $97.05 million, a P/E ratio of -48.05 and a beta of 1.23. Rithm Property Trust has a 1 year low of $9.80 and a 1 year high of $17.94. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.91. The business has a fifty day moving average price of $12.93.
Rithm Property Trust (NYSE:RPT – Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. Rithm Property Trust had a return on equity of 1.20% and a net margin of 5.87%.The company had revenue of $4.06 million during the quarter. As a group, analysts expect that Rithm Property Trust will post 0.18 earnings per share for the current year.
Rithm Property Trust Dividend Announcement
Analyst Ratings Changes
RPT has been the topic of several research analyst reports. Wedbush upgraded shares of Rithm Property Trust to a “strong-buy” rating in a research note on Wednesday, July 29th. Wall Street Zen upgraded shares of Rithm Property Trust from a “strong sell” rating to a “sell” rating in a research note on Sunday, May 10th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Rithm Property Trust in a report on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, Rithm Property Trust presently has an average rating of “Moderate Buy”.
Check Out Our Latest Report on RPT
Hedge Funds Weigh In On Rithm Property Trust
Institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC grew its position in Rithm Property Trust by 21.9% during the first quarter. Renaissance Technologies LLC now owns 60,017 shares of the company’s stock valued at $804,000 after buying an additional 10,800 shares during the period. Royal Bank of Canada increased its holdings in Rithm Property Trust by 750.6% during 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 last quarter. Bank of New York Mellon Corp raised its position in 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 worth $231,000 after acquiring an additional 1,328 shares during the period. Finally, Family Manage LLC raised its position in Rithm Property Trust by 0.6% in 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.
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.
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