Nisa Investment Advisors LLC Decreases Stock Position in Rithm Capital Corp. $RITM

Nisa Investment Advisors LLC decreased its position in shares of Rithm Capital Corp. (NYSE:RITM) by 51.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,180 shares of the real estate investment trust’s stock after selling 57,629 shares during the period. Nisa Investment Advisors LLC’s holdings in Rithm Capital were worth $620,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. CoreCap Advisors LLC boosted its position in Rithm Capital by 99.2% in the 4th quarter. CoreCap Advisors LLC now owns 2,295 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 1,143 shares during the last quarter. Bessemer Group Inc. increased its position in shares of Rithm Capital by 658.9% during the third quarter. Bessemer Group Inc. now owns 2,656 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 2,306 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new stake in shares of Rithm Capital during the third quarter worth about $31,000. Mather Group LLC. acquired a new position in shares of Rithm Capital in the third quarter worth about $33,000. Finally, Optimum Investment Advisors boosted its holdings in Rithm Capital by 200.0% in the third quarter. Optimum Investment Advisors now owns 3,000 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 2,000 shares during the last quarter. Institutional investors and hedge funds own 44.92% of the company’s stock.

Wall Street Analysts Forecast Growth

RITM has been the subject of a number of recent analyst reports. Piper Sandler lowered their price objective on Rithm Capital from $15.00 to $14.00 and set an “overweight” rating for the company in a research note on Thursday. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Rithm Capital in a research note on Thursday, December 18th. Wall Street Zen raised shares of Rithm Capital from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. UBS Group set a $15.00 price target on shares of Rithm Capital in a research note on Friday, February 6th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Rithm Capital in a report on Monday, December 29th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Rithm Capital has an average rating of “Moderate Buy” and an average target price of $14.36.

Rithm Capital Stock Up 2.6%

NYSE:RITM opened at $9.63 on Friday. The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.58 and a current ratio of 0.58. The company has a market capitalization of $5.35 billion, a price-to-earnings ratio of 9.25 and a beta of 1.19. Rithm Capital Corp. has a one year low of $8.43 and a one year high of $12.74. The stock has a 50-day simple moving average of $10.13 and a 200 day simple moving average of $10.83.

Rithm Capital (NYSE:RITM) last announced its quarterly earnings data on Tuesday, February 3rd. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.19. Rithm Capital had a return on equity of 19.74% and a net margin of 15.55%.The firm had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Sell-side analysts predict that Rithm Capital Corp. will post 1.93 EPS for the current fiscal year.

Rithm Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Monday, April 6th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 10.4%. The ex-dividend date of this dividend is Monday, April 6th. Rithm Capital’s dividend payout ratio is currently 96.15%.

Rithm Capital Company Profile

Rithm Capital Corporation is a specialty finance company that originates, acquires and manages structured credit investments collateralized by real estate assets in the United States. The company focuses primarily on senior floating-rate loans secured by multifamily, commercial, industrial and single-family rental properties, aiming to deliver attractive risk-adjusted yields through a diversified portfolio of floating-rate real estate debt.

In addition to senior loans, Rithm Capital invests in residential mortgage-backed securities, including agency and non-agency pools, as well as other real estate-related credit instruments.