Rithm Property Trust (NYSE:RPT – Get Free Report) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday, Wall Street Zen reports.
Several other analysts have also recently commented on RPT. Wedbush started coverage on shares of Rithm Property Trust in a research note on Thursday, October 22nd. They set an “outperform” rating and a $13.50 price objective for the company. Weiss Ratings reissued a “sell (d)” rating on shares of Rithm Property Trust in a report on Friday, October 2nd. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $13.50.
Rithm Property Trust Stock Performance
RPT stock opened at $10.72 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.87. The business’s 50-day moving average is $11.60 and its 200 day moving average is $13.01. The stock has a market cap of $84.80 million, a price-to-earnings ratio of 71.47 and a beta of 1.26. Rithm Property Trust has a 12-month low of $9.80 and a 12-month high of $17.94.
Rithm Property Trust (NYSE:RPT – Get Free Report) last issued its quarterly earnings data on Wednesday, October 21st. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.14. The firm had revenue of $6.05 million for the quarter. Rithm Property Trust had a net margin of 12.14% and a return on equity of 2.58%. On average, sell-side analysts anticipate that Rithm Property Trust will post 0.35 EPS for the current fiscal year.
Hedge Funds Weigh In On Rithm Property Trust
Hedge funds and other institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC grew its stake in Rithm Property Trust by 21.9% in the first quarter. Renaissance Technologies LLC now owns 60,017 shares of the company’s stock worth $804,000 after purchasing an additional 10,800 shares in the last quarter. Royal Bank of Canada grew its stake in Rithm Property Trust by 750.6% in 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 in the last quarter. Bank of New York Mellon Corp grew 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 holdings in 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 purchasing an additional 972 shares in the last quarter. 58.60% of the stock is owned by hedge funds and other 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.
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