Key Takeaways:
- Rithm Property Trust (RPT, Financial) reports Q1 GAAP earnings of $0.02 per share, with $3.81 million in revenue.
- The company launches a $50 million preferred stock offering with a 9.875% yield.
- Analysts provide a price target of $6.00, suggesting a potential upside of 111.27% from the current stock price.
Rithm Property Trust (RPT) has recently announced its first-quarter financial results, revealing a GAAP earnings per share of $0.02. The company's revenue for the quarter reached $3.81 million. In a strategic move to bolster its financial standing, Rithm Property Trust has also priced a $50 million preferred stock offering, specifically targeting a series C public offering with a notable yield of 9.875%.
Wall Street Analysts Forecast
Analyzing the insights from Wall Street, the one-year price target for Rithm Property Trust Inc (RPT, Financial) is set at an average of $6.00. This target, provided by one analyst, suggests a high and low estimate both pegged at $6.00. This projection implies a significant potential upside of 111.27% from the current trading price of $2.84. Investors seeking more comprehensive details can explore the Rithm Property Trust Inc (RPT) Forecast page for further data.
Moreover, consensus from two brokerage firms has placed Rithm Property Trust Inc (RPT, Financial) with an average brokerage recommendation of 2.5. This rating categorizes the stock at an "Outperform" level. The brokerage rating scale ranges from 1 to 5, where a score of 1 indicates a Strong Buy, while a 5 denotes a Sell recommendation.
