Rithm Property Trust Inc. (NYSE:RPT) Shareholders to Get $0.36 Quarterly Dividend

Rithm Property Trust Inc. (NYSE:RPT) declared a quarterly dividend on Tuesday, October 20th. Shareholders 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 annualized dividend and a yield of 12.9%. The ex-dividend date is Friday, October 30th.

Rithm Property Trust Stock Performance

RPT traded up $0.31 on Thursday, hitting $11.20. 54,081 shares of the company were exchanged, compared to its average volume of 48,959. Rithm Property Trust has a fifty-two week low of $9.80 and a fifty-two week high of $17.94. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $87.02 million, a price-to-earnings ratio of -43.08 and a beta of 1.27. The business has a fifty day moving average price of $11.88.

Rithm Property Trust (NYSE:RPT) last released its quarterly earnings results on Wednesday, October 21st. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.14. The business had revenue of $6.05 million for the quarter. Rithm Property Trust had a return on equity of 1.20% and a net margin of 5.87%. Analysts forecast that Rithm Property Trust will post 0.18 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on RPT. Wedbush reissued an “outperform” rating and set a $13.50 price target on shares of Rithm Property Trust in a research report on Thursday. Weiss Ratings restated a “sell (d)” rating on shares of Rithm Property Trust in a research note on Friday, October 2nd. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $13.50.

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.