Rithm Property Trust Inc. (RPT) to Issue Quarterly Dividend of $0.36 on November 30th

Rithm Property Trust Inc. (NYSE:RPT) announced a quarterly dividend on Tuesday, October 20th. Investors of record on Friday, October 30th will be given a dividend of $0.36 per share on Monday, November 30th. This represents a $1.44 dividend on an annualized basis and a yield of 12.9%. The ex-dividend date is Friday, October 30th.

Rithm Property Trust Stock Down 1.2%

NYSE:RPT opened at $11.17 on Wednesday. The firm has a market capitalization of $86.82 million, a P/E ratio of 74.47 and a beta of 1.27. Rithm Property Trust has a 12 month low of $9.80 and a 12 month high of $17.94. The business’s fifty day moving average is $11.73.

Rithm Property Trust (NYSE:RPT) last released its earnings results on Wednesday, October 21st. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.14. The firm had revenue of $6.05 million during the quarter. As a group, research analysts forecast that Rithm Property Trust will post -0.03 earnings per share for the current fiscal year.

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.