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

Mutual Advisors LLC purchased a new position in shares of Rithm Capital Corp. (NYSE:RITM) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 15,009 shares of the real estate investment trust’s stock, valued at approximately $169,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its position in Rithm Capital by 154.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,513 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 1,525 shares during the period. Truvestments Capital LLC acquired a new position in Rithm Capital during the 3rd quarter valued at about $43,000. Wilmington Savings Fund Society FSB acquired a new position in Rithm Capital during the 3rd quarter valued at about $43,000. Householder Group Estate & Retirement Specialist LLC lifted 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. Finally, Godsey & Gibb Inc. bought a new stake in shares of Rithm Capital in the 3rd quarter valued at about $51,000. Institutional investors and hedge funds own 44.92% of the company’s stock.

Rithm Capital Price Performance

NYSE RITM opened at $11.35 on Thursday. The business has a 50 day simple moving average of $11.08 and a 200 day simple moving average of $11.14. 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 stock has a market cap of $5.90 billion, a price-to-earnings ratio of 11.46 and a beta of 1.79.

Rithm Capital (NYSE:RITM) last posted its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.12. Rithm Capital had a return on equity of 17.54% and a net margin of 14.99%. The business had revenue of $619.51 million during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the prior year, the business earned $0.58 EPS. Analysts anticipate that Rithm Capital Corp. will post 1.95 earnings per share for the current fiscal year.

Rithm Capital Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on RITM shares. Keefe, Bruyette & Woods upped their price target on Rithm Capital from $13.00 to $13.50 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. JMP Securities reaffirmed a “market outperform” rating and issued a $12.50 price target on shares of Rithm Capital in a research note on Thursday, January 23rd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $13.00 price target on shares of Rithm Capital in a research note on Thursday, November 21st. Wedbush reaffirmed an “outperform” rating and issued a $14.00 price target on shares of Rithm Capital in a research note on Thursday, November 7th. Finally, B. Riley raised Rithm Capital to a “strong-buy” rating in a research note on Tuesday, January 7th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $12.94.

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.