RPT
Rithm Property Trust Inc.RPT
RPT
About: Rithm Property Trust Inc is a real estate investment trust (REIT) externally managed by an affiliate of Rithm Capital Corp. (Rithm). The group is embarking on a new commercial real estate-focused investment. Its tailored approach to investment management seeks to generate attractive risk-adjusted returns for stockholders over the long term through dividends and capital appreciation.
Employees: 1
0
Funds holding %
of 7,372 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
50% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 12
33% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 6
1.55% more ownership
Funds ownership: 63.73% [Q3] → 65.28% (+1.55%) [Q4]
0% more funds holding
Funds holding: 58 [Q3] → 58 (+0) [Q4]
0% more funds holding in top 10
Funds holding in top 10: 2 [Q3] → 2 (+0) [Q4]
9% less capital invested
Capital invested by funds: $96.8M [Q3] → $88.1M (-$8.72M) [Q4]
50% less call options, than puts
Call options by funds: $65K | Put options by funds: $130K
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$4
36%
upside
Avg. target
$4
36%
upside
High target
$4
36%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Janney Montgomery Scott Jason Stewart 60% 1-year accuracy 6 / 10 met price target | 36%upside $4 | Buy Initiated | 31 Dec 2024 |
Financial journalist opinion
Based on 3 articles about RPT published over the past 30 days
Neutral
Business Wire
3 days ago
Rithm Property Trust Announces Approval of Listing of 9.875% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
NEW YORK--(BUSINESS WIRE)--Rithm Property Trust Inc. (formerly known as Great Ajax Corp.) (NYSE: RPT, “RPT” or the “Company”) announced today that its 9.875% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the “Series C Preferred Stock”) has been approved for listing on the New York Stock Exchange under the symbol “RPT PRC”. Trading is expected to commence on March 12, 2025. This press release does not constitute an offer to sell or the solicitation of an offer to buy the.
Neutral
Business Wire
2 weeks ago
Rithm Property Trust Announces Pricing of Public Offering of 9.875% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
NEW YORK--(BUSINESS WIRE)--Rithm Property Trust Inc. (formerly known as Great Ajax Corp.) (NYSE: RPT, “RPT” or the “Company”) announced today the pricing of a public offering of 2,000,000 shares of its 9.875% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the “Series C Preferred Stock”) with a $25.00 per share liquidation preference, for gross proceeds of $50,000,000, before deducting underwriting discounts and offering expenses. The Company has granted the underwriters.
Neutral
Business Wire
2 weeks ago
Rithm Property Trust Announces Public Offering of Series C Preferred Stock
NEW YORK--(BUSINESS WIRE)--Rithm Property Trust Inc. (formerly known as Great Ajax Corp.) (NYSE: RPT, “RPT” or the “Company”) announced today the commencement of a public offering of shares of the Company's Series C Fixed-to-Floating Cumulative Redeemable Preferred Stock (the “Series C Preferred Stock”) with a $25.00 per share liquidation preference. In connection with the offering, the Company expects to grant the underwriters an option for a period of 30 days to purchase additional shares of.
Neutral
Seeking Alpha
1 month ago
Rithm Property Trust Inc. (RPT) Q4 2024 Earnings Call Transcript
Rithm Property Trust Inc. (NYSE:RPT ) Q4 2024 Results Conference Call January 30, 2025 8:00 AM ET Company Participants Emma Bolla - Associate General Counsel Michael Nierenberg - President and Chief Executive Officer Conference Call Participants Tom Catherwood - BTIG Jason Stewart - Janney Stephen Laws - Raymond James Doug Harter - UBS Operator Thank you for standing by. My name is Ian, and I will be your conference operator today.
Neutral
Business Wire
1 month ago
Rithm Property Trust Inc. Announces Results for the Quarter and Year Ended December 31, 2024
NEW YORK--(BUSINESS WIRE)--Rithm Property Trust Inc. (formerly known as Great Ajax Corp.) (NYSE: RPT, “Rithm Property Trust” or the “Company”) today announced the following financial results for the quarter ended December 31, 2024. Fourth Quarter Financial Highlights: GAAP net income attributable to common stockholders of $2.9 million, or $0.06 per diluted share1 Earnings available for distribution of $0.3 million or $0.01 per diluted common share1,2 Book value per common share of $5.44 at Dece.
Neutral
Business Wire
1 month ago
Rithm Property Trust Announces Tax Treatment of 2024 Dividends
NEW YORK--(BUSINESS WIRE)--Rithm Property Trust (NYSE:RPT, “RPT” or the “Company”) today announced the tax treatment of its 2024 common stock distributions. Common Stock Dividends During 2024, Rithm Property Trust's common stock (CUSIP #38983D300) distributions were $0.28000 per share and the distributions consisted of a return of capital. The following table summarizes the tax treatment for 2024 common stock distributions. Record Date Pay Date Form Ordinary Dividend Qualified Dividend Sectio.
Neutral
Business Wire
1 month ago
Rithm Property Trust Inc. Schedules Fourth Quarter 2024 Earnings Release and Conference Call
NEW YORK--(BUSINESS WIRE)--Rithm Property Trust Inc. (NYSE: RPT, “Rithm Property Trust” or the “Company”) announced today that it will release its fourth quarter 2024 financial results for the period ended December 31, 2024 on Thursday, January 30, 2025 prior to the opening of the New York Stock Exchange. In addition, management will host a conference call on Thursday, January 30, 2025 at 8:00 A.M. Eastern Time. A copy of the earnings release will be posted to the News & Events – Press Rele.
Neutral
PRNewsWire
1 year ago
Livent Set to Join S&P MidCap 400; NCR Voyix and Rush Enterprises to Join S&P SmallCap 600
NEW YORK , Dec. 19, 2023 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 effective prior to the open of trading on Tuesday, January 2: S&P SmallCap 600 constituent Livent Corp. (NYSE: LTHM) will replace NCR Voyix (NYSE: VYX) in the S&P MidCap 400, and NCR Voyix will replace Livent in the S&P SmallCap 600. Allkem Limited (ASX: AKE) is merging with Livent in a transaction expected to be completed on or about Thursday, January 4 pending final conditions.
Neutral
GlobeNewsWire
1 year ago
RPT Realty Shareholders Approve Mergers
NEW YORK, Dec. 12, 2023 (GLOBE NEWSWIRE) -- RPT Realty (NYSE:RPT) (“RPT” or the “Company”) announced today that, at a special meeting of the shareholders of RPT (the “Special Meeting”), the RPT shareholders approved the proposal necessary for the closing of the previously announced mergers pursuant to the Agreement and Plan of Merger, dated as of August 28, 2023 (the “Merger Agreement”), by and among Kimco Realty Corporation (“Kimco”), Kimco Realty OP, LLC, a Delaware limited liability company and wholly owned subsidiary of Kimco (“Kimco OP”), Tarpon Acquisition Sub, LLC, a Delaware limited liability company and a direct wholly owned subsidiary of Kimco (“Merger Sub”), Tarpon OP Acquisition Sub, LLC, a Delaware limited liability company and direct wholly owned subsidiary of Kimco OP (“OP Merger Sub”), RPT and RPT Realty, L.P., a Delaware limited partnership (“RPT OP”), whereby (i) OP Merger Sub will merge with and into RPT OP, with RPT OP surviving the partnership merger (the “Partnership Merger”), (ii) RPT will merge with and into Merger Sub (the “Company Merger” and, together with the Partnership Merger, the “Mergers”), with Merger Sub surviving the Company Merger as a wholly owned subsidiary of Kimco and (iii) immediately after the Company Merger, Kimco will contribute all outstanding membership interests of Merger Sub to Kimco OP.
Positive
Zacks Investment Research
1 year ago
RPT or EQR: Which Is the Better Value Stock Right Now?
Investors interested in stocks from the REIT and Equity Trust - Residential sector have probably already heard of RPT Realty (RPT) and Equity Residential (EQR). But which of these two stocks presents investors with the better value opportunity right now?
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