Rithm Capital Corp. (NYSE:RITM) Shares Bought by Householder Group Estate & Retirement Specialist LLC

Householder Group Estate & Retirement Specialist LLC grew its stake in shares of Rithm Capital Corp. (NYSE:RITM) by 86.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 4,439 shares of the real estate investment trust’s stock after acquiring an additional 2,062 shares during the period. Householder Group Estate & Retirement Specialist LLC’s holdings in Rithm Capital were worth $48,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. grew its position in Rithm Capital by 7.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,364,962 shares of the real estate investment trust’s stock worth $60,892,000 after purchasing an additional 366,600 shares in the last quarter. JPMorgan Chase & Co. grew its position in Rithm Capital by 119.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,608,008 shares of the real estate investment trust’s stock worth $52,301,000 after purchasing an additional 2,504,529 shares in the last quarter. Van ECK Associates Corp grew its position in Rithm Capital by 20.7% during the 3rd quarter. Van ECK Associates Corp now owns 2,004,057 shares of the real estate investment trust’s stock worth $21,163,000 after purchasing an additional 343,678 shares in the last quarter. Neo Ivy Capital Management purchased a new position in Rithm Capital during the 3rd quarter worth approximately $1,476,000. Finally, Waterfall Asset Management LLC purchased a new position in Rithm Capital during the 2nd quarter worth approximately $2,209,000. Institutional investors and hedge funds own 44.92% of the company’s stock.

Wall Street Analyst Weigh In

RITM has been the topic of several research analyst reports. B. Riley upgraded shares of Rithm Capital to a “strong-buy” rating in a research report on Tuesday, January 7th. Keefe, Bruyette & Woods lifted their price objective on shares of Rithm Capital from $13.00 to $13.50 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Royal Bank of Canada restated an “outperform” rating and set a $13.00 price target on shares of Rithm Capital in a report on Thursday, November 21st. Finally, Wedbush restated an “outperform” rating and set a $14.00 price target on shares of Rithm Capital in a report on Thursday, November 7th. 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’s stock. According to data from MarketBeat.com, Rithm Capital currently has an average rating of “Buy” and a consensus price target of $12.94.

Rithm Capital Stock Up 0.7 %

RITM stock opened at $11.34 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.63. Rithm Capital Corp. has a 1 year low of $9.97 and a 1 year high of $12.02. The company has a fifty day simple moving average of $10.98 and a 200 day simple moving average of $11.11. The firm has a market cap of $5.89 billion, a PE ratio of 11.45 and a beta of 1.79.

Rithm Capital (NYSE:RITM) last released its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.12. The firm had revenue of $619.51 million during the quarter, compared to analyst estimates 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 business earned $0.58 EPS. Sell-side analysts anticipate that Rithm Capital Corp. will post 1.95 EPS for the current fiscal year.

Rithm Capital Dividend Announcement

The company also recently announced 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 8.82%. The ex-dividend date of this dividend is Tuesday, December 31st. Rithm Capital’s dividend payout ratio 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.