Rithm Property Trust Inc. Plans Quarterly Dividend of $0.36 (NYSE:RPT)

Rithm Property Trust Inc. (NYSE:RPT) announced a quarterly dividend on Friday, June 26th. Shareholders of record on Tuesday, July 7th will be paid a dividend of 0.36 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 9.8%. The ex-dividend date of this dividend is Tuesday, July 7th.

Rithm Property Trust Stock Performance

Shares of Rithm Property Trust stock opened at $14.70 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.13 and a current ratio of 1.13. The stock’s 50-day simple moving average is $14.51. Rithm Property Trust has a 1-year low of $12.88 and a 1-year high of $17.94. The firm has a market cap of $114.22 million, a P/E ratio of -50.69 and a beta of 1.24.

Rithm Property Trust (NYSE:RPT) last announced its quarterly earnings data on Friday, April 24th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.02. Rithm Property Trust had a return on equity of 1.27% and a net margin of 5.52%.The company had revenue of $2.85 million for the quarter. Equities research analysts forecast that Rithm Property Trust will post 0.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

RPT has been the subject of a number of research analyst reports. Weiss Ratings began coverage on Rithm Property Trust in a report on Wednesday, April 8th. They issued a “sell (d)” rating for the company. Wall Street Zen upgraded Rithm Property Trust from a “strong sell” rating to a “sell” rating in a report on Sunday, May 10th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Rithm Property Trust currently 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.