Rithm Property Trust Inc. (RPT) to Issue Quarterly Dividend of $0.36 on May 29th

Rithm Property Trust Inc. (NYSE:RPTGet Free Report) announced a quarterly dividend on Monday, April 20th. Investors of record on Friday, May 15th will be given a dividend of 0.36 per share on Friday, May 29th. This represents a c) annualized dividend and a yield of 9.7%. The ex-dividend date is Friday, May 15th.

Rithm Property Trust Stock Up 1.0%

Rithm Property Trust stock opened at $14.84 on Wednesday. Rithm Property Trust has a 12-month low of $12.88 and a 12-month high of $17.94. The firm has a market cap of $115.31 million, a P/E ratio of -51.18 and a beta of 1.25. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.93.

Rithm Property Trust (NYSE:RPTGet Free Report) last posted its quarterly earnings data on Friday, April 24th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.02. The company had revenue of $2.85 million for the quarter. Rithm Property Trust had a return on equity of 1.27% and a net margin of 5.52%. Equities analysts anticipate that Rithm Property Trust will post 0.08 EPS for the current year.

Institutional Investors Weigh In On Rithm Property Trust

A hedge fund recently raised its stake in Rithm Property Trust stock. Bank of New York Mellon Corp grew its position in Rithm Property Trust Inc. (NYSE:RPTFree Report) by 8.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,240 shares of the company’s stock after acquiring an additional 1,328 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.23% of Rithm Property Trust worth $231,000 as of its most recent filing with the Securities and Exchange Commission. 58.60% of the stock is currently owned by institutional investors and hedge funds.

About Rithm Property Trust

(Get Free Report)

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.

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