Rithm Property Trust (NYSE:RPT) Stock Price Up 3.9% – Still a Buy?

Rithm Property Trust Inc. (NYSE:RPT) shares traded up 3.9% on Monday. The stock traded as high as $11.09 and last traded at $10.84. Approximately 20,089 shares changed hands during trading, a decline of 8% from the average daily volume of 21,862 shares. The stock had previously closed at $10.43.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on RPT. Wedbush raised shares of Rithm Property Trust to a “strong-buy” rating in a report on Wednesday, July 29th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Rithm Property Trust in a report on Friday, October 2nd. One analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, Rithm Property Trust currently has an average rating of “Moderate Buy”.

Rithm Property Trust Price Performance

The firm’s fifty day simple moving average is $11.91. The stock has a market capitalization of $85.16 million, a P/E ratio of -42.16 and a beta of 1.27. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.91.

Rithm Property Trust (NYSE:RPT) last released its quarterly earnings data 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 net margin of 5.87% and a return on equity of 1.20%. As a group, equities analysts forecast that Rithm Property Trust Inc. will post 0.18 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Rithm Property Trust

Large investors have recently made changes to their positions in the company. Royal Bank of Canada raised its stake in Rithm Property Trust by 750.6% during the 1st quarter. Royal Bank of Canada now owns 7,723 shares of the company’s stock valued at $103,000 after acquiring an additional 6,815 shares in the last quarter. Family Manage LLC boosted its position in Rithm Property Trust by 0.6% during the 1st quarter. Family Manage LLC now owns 157,804 shares of the company’s stock worth $2,113,000 after acquiring an additional 972 shares during the period. Renaissance Technologies LLC grew its stake in shares of Rithm Property Trust by 21.9% in the first quarter. Renaissance Technologies LLC now owns 60,017 shares of the company’s stock worth $804,000 after purchasing an additional 10,800 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Rithm Property Trust by 8.3% in the first quarter. Bank of New York Mellon Corp now owns 17,240 shares of the company’s stock worth $231,000 after purchasing an additional 1,328 shares in the last quarter. Institutional investors and hedge funds own 58.60% of the company’s stock.

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.