Rithm Property Trust (NYSE:RPT) Issues Quarterly Earnings Results

Rithm Property Trust (NYSE:RPT – Get Free Report) issued its quarterly earnings data on Wednesday. The company reported $0.23 earnings per share for the quarter, FiscalAI reports. Rithm Property Trust had a return on equity of 1.20% and a net margin of 5.87%. The company had revenue of $6.05 million for the quarter.

Rithm Property Trust Price Performance

Shares of Rithm Property Trust stock traded down $0.05 during trading on Wednesday, hitting $10.96. The stock had a trading volume of 51,850 shares, compared to its average volume of 48,856. The company has a fifty day simple moving average of $11.91. The firm has a market capitalization of $85.16 million, a PE ratio of -42.16 and a beta of 1.27. 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 has a 12 month low of $9.80 and a 12 month high of $17.94.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on RPT shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Rithm Property Trust in a research note on Friday, October 2nd. Wedbush raised Rithm Property Trust to a “strong-buy” rating in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

View Our Latest Research Report on RPT

Hedge Funds Weigh In On Rithm Property Trust

Hedge funds have recently added to or reduced their stakes in the company. Family Manage LLC grew its stake 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 valued at $2,113,000 after buying an additional 972 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Rithm Property Trust by 8.3% during the 1st 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 last quarter. Royal Bank of Canada lifted 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 worth $103,000 after acquiring an additional 6,815 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of Rithm Property Trust by 21.9% during the 1st 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 last quarter. 58.60% of the stock is currently owned by institutional investors.

Rithm Property Trust Company Profile

(Get Free Report)

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

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