Proficio Capital Partners LLC Acquires New Stake in Rithm Capital Corp. (NYSE:RITM)

Proficio Capital Partners LLC acquired a new position in shares of Rithm Capital Corp. (NYSE:RITM) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 16,245 shares of the real estate investment trust’s stock, valued at approximately $176,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Truvestments Capital LLC purchased a new position in shares of Rithm Capital during the third quarter valued at $43,000. Wilmington Savings Fund Society FSB bought a new position in Rithm Capital during the 3rd quarter worth about $43,000. Householder Group Estate & Retirement Specialist LLC increased its position in Rithm Capital by 86.7% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 4,439 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 2,062 shares during the period. FNY Investment Advisers LLC lifted its position in Rithm Capital by 8,600.0% during the fourth quarter. FNY Investment Advisers LLC now owns 8,700 shares of the real estate investment trust’s stock valued at $94,000 after acquiring an additional 8,600 shares during the last quarter. Finally, Periscope Capital Inc. purchased a new position in Rithm Capital in the third quarter worth $114,000. 44.92% of the stock is owned by institutional investors.

Rithm Capital Trading Down 0.9 %

Shares of Rithm Capital stock opened at $11.43 on Thursday. Rithm Capital Corp. has a 1 year low of $10.38 and a 1 year high of $12.20. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.09 and a quick ratio of 1.35. The stock has a market cap of $5.95 billion, a PE ratio of 6.84 and a beta of 1.83. The firm has a fifty day moving average price of $11.52 and a 200 day moving average price of $11.23.

Rithm Capital (NYSE:RITM) last issued its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.16. Rithm Capital had a return on equity of 18.15% and a net margin of 17.79%. Equities research analysts predict that Rithm Capital Corp. will post 1.93 earnings per share for the current year.

Rithm Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.75%. Rithm Capital’s payout ratio is 59.88%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on RITM shares. JMP Securities reissued a “market outperform” rating and issued a $12.50 price objective on shares of Rithm Capital in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods boosted their price target on Rithm Capital from $13.00 to $13.50 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. B. Riley raised shares of Rithm Capital to a “strong-buy” rating in a research report on Tuesday, January 7th. Piper Sandler boosted their price objective on shares of Rithm Capital from $11.50 to $12.50 and gave the company a “neutral” rating in a report on Friday, February 7th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $13.00 target price on shares of Rithm Capital in a research note on Thursday, November 21st. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $13.25.

Rithm Capital Company 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.