15,009 Shares in Rithm Capital Corp. (NYSE:RITM) Bought by Mutual Advisors LLC

Mutual Advisors LLC bought a new position in shares of Rithm Capital Corp. (NYSE:RITM) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 15,009 shares of the real estate investment trust’s stock, valued at approximately $169,000.

A number of other institutional investors and hedge funds have also bought and sold shares of RITM. Squarepoint Ops LLC bought a new position in Rithm Capital during the second quarter worth $774,000. AQR Capital Management LLC increased its holdings in Rithm Capital by 4.1% in the 2nd quarter. AQR Capital Management LLC now owns 29,848 shares of the real estate investment trust’s stock valued at $326,000 after buying an additional 1,183 shares during the period. The Manufacturers Life Insurance Company increased its holdings in Rithm Capital by 6.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 122,684 shares of the real estate investment trust’s stock valued at $1,338,000 after buying an additional 7,965 shares during the period. Algert Global LLC increased its holdings in Rithm Capital by 276.5% in the 2nd quarter. Algert Global LLC now owns 48,678 shares of the real estate investment trust’s stock valued at $531,000 after buying an additional 35,748 shares during the period. Finally, Creative Planning increased its holdings in Rithm Capital by 5.9% in the 2nd quarter. Creative Planning now owns 63,957 shares of the real estate investment trust’s stock valued at $698,000 after buying an additional 3,557 shares during the period. Institutional investors own 44.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on RITM. JMP Securities reissued a “market outperform” rating and issued a $12.50 price target on shares of Rithm Capital in a report on Thursday, January 23rd. B. Riley raised shares of Rithm Capital to a “strong-buy” rating in a report on Tuesday, January 7th. Royal Bank of Canada reissued an “outperform” rating and issued a $13.00 price target on shares of Rithm Capital in a report on Thursday, November 21st. Wedbush reissued an “outperform” rating and issued a $14.00 price target on shares of Rithm Capital in a report on Thursday, November 7th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Rithm Capital from $13.00 to $13.50 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Rithm Capital currently has an average rating of “Buy” and an average price target of $12.94.

Rithm Capital Stock Down 0.6 %

Shares of NYSE:RITM opened at $11.35 on Thursday. Rithm Capital Corp. has a 52 week low of $9.97 and a 52 week high of $12.02. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.35 and a current ratio of 1.35. The company’s fifty day moving average is $11.08 and its 200-day moving average is $11.14. The company has a market capitalization of $5.90 billion, a PE ratio of 11.46 and a beta of 1.79.

Rithm Capital (NYSE:RITM) last issued its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.54 EPS for the quarter, beating the consensus estimate of $0.42 by $0.12. The company had revenue of $619.51 million for the quarter, compared to the consensus estimate of $1.11 billion. Rithm Capital had a net margin of 14.99% and a return on equity of 17.54%. During the same quarter in the previous year, the company earned $0.58 EPS. Equities research analysts predict that Rithm Capital Corp. will post 1.95 earnings per share for the current fiscal year.

Rithm Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.00 annualized dividend and a yield of 8.81%. Rithm Capital’s dividend payout ratio (DPR) is 101.01%.

Rithm Capital Profile

Rithm Capital Corp. operates as an asset manager focused on real estate, credit, and financial services. It operates through Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable, and Asset Management segments. Its investment portfolio primarily comprises of mortgage servicing rights (MSR), and MSR financing receivables, title, appraisal and property preservation, excess MSRs, and services advance investments; real estate securities, call rights, SFR properties, and residential mortgage loans; consumer and business purpose loans; and asset management related investments.