Sanctuary Advisors LLC Has $202,000 Holdings in Rithm Capital Corp. (NYSE:RITM)

Sanctuary Advisors LLC grew its stake in Rithm Capital Corp. (NYSE:RITM) by 19.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,433 shares of the real estate investment trust’s stock after buying an additional 2,988 shares during the quarter. Sanctuary Advisors LLC’s holdings in Rithm Capital were worth $202,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. grew its position in Rithm Capital by 154.4% in the second 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 in the last quarter. Truvestments Capital LLC bought a new position in shares of Rithm Capital in the 3rd quarter valued at about $43,000. Godsey & Gibb Inc. bought a new position in shares of Rithm Capital in the 3rd quarter valued at about $51,000. Future Financial Wealth Managment LLC acquired a new position in shares of Rithm Capital during the 3rd quarter worth about $73,000. Finally, Allworth Financial LP raised its holdings in shares of Rithm Capital by 281.2% in the 3rd quarter. Allworth Financial LP now owns 8,695 shares of the real estate investment trust’s stock valued at $99,000 after purchasing an additional 6,414 shares during the period. 44.92% of the stock is owned by institutional investors and hedge funds.

Rithm Capital Price Performance

Shares of NYSE:RITM opened at $10.92 on Monday. The firm has a market cap of $5.68 billion, a PE ratio of 11.03 and a beta of 1.80. Rithm Capital Corp. has a 52 week low of $9.97 and a 52 week high of $12.02. The firm’s fifty day moving average is $10.87 and its 200-day moving average is $11.11. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.35 and a current ratio of 1.35.

Rithm Capital (NYSE:RITM) last issued its quarterly earnings data 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 company had revenue of $619.51 million during the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the company earned $0.58 earnings per share. Sell-side analysts predict that Rithm Capital Corp. will post 1.93 earnings per share for the current year.

Rithm Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.16%. The ex-dividend date of this dividend is Tuesday, December 31st. Rithm Capital’s payout ratio is 101.01%.

Wall Street Analyst Weigh In

Several brokerages recently commented on RITM. Wedbush reaffirmed an “outperform” rating and set a $14.00 target price on shares of Rithm Capital in a report on Thursday, November 7th. Royal Bank of Canada reissued an “outperform” rating and issued a $13.00 price objective on shares of Rithm Capital in a report on Thursday, November 21st. Finally, Keefe, Bruyette & Woods upped their target price on Rithm Capital from $13.00 to $13.50 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.94.

About Rithm Capital

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.