Rithm Property Trust Inc. (NYSE:RPT) Shareholders Set to Receive $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 paid 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 of this dividend is Friday, October 30th.

Rithm Property Trust Stock Performance

Shares of NYSE RPT traded up $0.31 during mid-day trading on Thursday, reaching $11.20. The company’s stock had a trading volume of 54,080 shares, compared to its average volume of 48,946. The business has a 50-day simple moving average of $11.88. 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 cap of $87.02 million, a PE ratio of -43.08 and a beta of 1.27. Rithm Property Trust has a 1-year low of $9.80 and a 1-year high of $17.94.

Rithm Property Trust (NYSE:RPT) last posted 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. Rithm Property Trust had a net margin of 5.87% and a return on equity of 1.20%. The firm had revenue of $6.05 million for the quarter. Analysts predict that Rithm Property Trust will post 0.18 EPS 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.