Steward Partners Investment Advisory LLC Acquires 1,016 Shares of Rithm Capital Corp. (NYSE:RITM)

Steward Partners Investment Advisory LLC increased its holdings in Rithm Capital Corp. (NYSE:RITM) by 2.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,792 shares of the real estate investment trust’s stock after buying an additional 1,016 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Rithm Capital were worth $388,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Truvestments Capital LLC bought a new position in Rithm Capital in the third quarter worth approximately $43,000. Wilmington Savings Fund Society FSB bought a new position in Rithm Capital in the third quarter worth approximately $43,000. Householder Group Estate & Retirement Specialist LLC raised its stake in Rithm Capital by 86.7% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 4,439 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 2,062 shares in the last quarter. FNY Investment Advisers LLC raised its stake in Rithm Capital by 8,600.0% in the fourth quarter. FNY Investment Advisers LLC now owns 8,700 shares of the real estate investment trust’s stock worth $94,000 after buying an additional 8,600 shares in the last quarter. Finally, Periscope Capital Inc. bought a new position in Rithm Capital in the third quarter worth approximately $114,000. Institutional investors own 44.92% of the company’s stock.

Rithm Capital Price Performance

Shares of RITM opened at $11.41 on Friday. The firm has a market capitalization of $5.94 billion, a PE ratio of 6.83 and a beta of 1.83. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.09 and a quick ratio of 1.35. Rithm Capital Corp. has a 1-year low of $10.38 and a 1-year high of $12.20. The company’s fifty day moving average price is $11.53 and its 200-day moving average price is $11.23.

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

Rithm Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 8.77%. The ex-dividend date of this dividend was Tuesday, December 31st. Rithm Capital’s payout ratio is 59.88%.

Wall Street Analysts Forecast Growth

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