Rithm Property Trust (NYSE:RPT) Issues Earnings Results

Rithm Property Trust (NYSE:RPT) announced its quarterly earnings data on Friday. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.02, FiscalAI reports. Rithm Property Trust had a net margin of 2.79% and a return on equity of 1.34%. The business had revenue of $3.63 million during the quarter.

Rithm Property Trust Stock Down 0.8%

Shares of RPT traded down $0.12 during trading hours on Friday, reaching $14.35. 6,758 shares of the company traded hands, compared to its average volume of 33,440. The firm has a market capitalization of $109.92 million, a P/E ratio of -42.22 and a beta of 1.29. Rithm Property Trust has a 12-month low of $12.88 and a 12-month high of $18.12. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.94.

Rithm Property Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 10.0%. The ex-dividend date of this dividend is Friday, May 15th. Rithm Property Trust’s payout ratio is currently -423.53%.

Wall Street Analysts Forecast Growth

RPT has been the subject of a number of research analyst reports. Weiss Ratings initiated coverage on shares of Rithm Property Trust in a report on Wednesday, April 8th. They set a “sell (d)” rating for the company. Wall Street Zen raised shares of Rithm Property Trust from a “strong sell” rating to a “sell” rating in a report on Friday, April 17th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

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.