3 days Ago By ABMN Staff
California Public Employees Retirement System decreased its position in shares of Rithm Capital Corp. ( NYSE:RITM – Free Report ) by 2.5% during the fourth quarter, HoldingsChannel reports.
The institutional investor owned 920,262 shares of the real estate investment trust’s stock after selling 23,175 shares during the period. California Public Employees Retirement System’s holdings in Rithm Capital were worth $9,966,000 as of its most recent SEC filing. Several other institutional investors and hedge funds also recently made changes to their positions in RITM.
Summit Securities Group LLC boosted its stake in Rithm Capital by 415.6% during the 4th quarter. Summit Securities Group LLC now owns 23,200 shares of the real estate investment trust’s stock valued at $251,000 after purchasing an additional 18,700 shares during the last quarter.
Maridea Wealth Management LLC purchased a new stake in shares of Rithm Capital during the fourth quarter valued at $761,000. Pictet Asset Management Holding SA increased its holdings in Rithm Capital by 20.3% in the 4th quarter.
Pictet Asset Management Holding SA now owns 78,904 shares of the real estate investment trust’s stock worth $855,000 after buying an additional 13,315 shares in the last quarter. Norges Bank bought a new stake in Rithm Capital in the 4th quarter worth about $76,082,000. Finally, Elo Mutual Pension Insurance Co purchased a new position in Rithm Capital in the 4th quarter worth about $205,000.
Institutional investors own 44.92% of the company’s stock. Wall Street Analysts Forecast Growth A number of analysts have recently commented on RITM shares.
JMP Securities reiterated a “market outperform” rating and issued a $12.50 price target on shares of Rithm Capital in a research note on Thursday, January 23rd. B.
Riley raised shares of Rithm Capital to a “strong-buy” rating in a research report on Tuesday, January 7th. Wedbush reissued an “outperform” rating and set a $14.00 price target on shares of Rithm Capital in a report on Friday, March 28th.
Finally, Piper Sandler lifted their price objective on Rithm Capital from $11.50 to $12.50 and gave the stock a “neutral” rating in a report on Friday, February 7th.
One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $13.
25. Rithm Capital Stock Down 7.2 % RITM opened at $10.
44 on Monday. The firm’s 50 day simple moving average is $11.68 and its two-hundred day simple moving average is $11.
21. The company has a market capitalization of $5.43 billion, a PE ratio of 6.
25 and a beta of 1.36. Rithm Capital Corp.
has a 1-year low of $10.28 and a 1-year high of $12.20.
The company has a current ratio of 1.09, a quick ratio of 1.35 and a debt-to-equity ratio of 1.
74. Rithm Capital ( NYSE:RITM – Get Free Report ) last announced its earnings results on Thursday, February 6th. The real estate investment trust reported $0.
60 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.16.
Rithm Capital had a return on equity of 18.15% and a net margin of 17.79%.
As a group, equities analysts forecast that Rithm Capital Corp. will post 1.93 EPS for the current year.
Rithm Capital Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be given a dividend of $0.25 per share.
The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.
58%. Rithm Capital’s payout ratio is currently 59.88%.
About Rithm Capital ( Free Report ) 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. See Also Want to see what other hedge funds are holding RITM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rithm Capital Corp.
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