74,272 Shares in Rithm Capital Corp. $RITM Bought by Forty three Eighteen Advisors LLC

Forty three Eighteen Advisors LLC bought a new position in shares of Rithm Capital Corp. (NYSE:RITM) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 74,272 shares of the real estate investment trust’s stock, valued at approximately $810,000.

A number of other institutional investors have also added to or reduced their stakes in the business. AQR Capital Management LLC grew its holdings in shares of Rithm Capital by 20.4% during the first quarter. AQR Capital Management LLC now owns 77,625 shares of the real estate investment trust’s stock worth $889,000 after purchasing an additional 13,166 shares in the last quarter. NewEdge Advisors LLC lifted its position in Rithm Capital by 5.3% during the first quarter. NewEdge Advisors LLC now owns 31,311 shares of the real estate investment trust’s stock valued at $359,000 after purchasing an additional 1,585 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Rithm Capital by 75.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,539,483 shares of the real estate investment trust’s stock worth $17,627,000 after buying an additional 662,585 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of Rithm Capital by 14.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 7,031 shares of the real estate investment trust’s stock valued at $81,000 after buying an additional 881 shares in the last quarter. Finally, M&T Bank Corp lifted its holdings in shares of Rithm Capital by 13.9% during the 2nd quarter. M&T Bank Corp now owns 26,173 shares of the real estate investment trust’s stock worth $296,000 after acquiring an additional 3,200 shares during the last quarter. 44.92% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. UBS Group reduced their target price on Rithm Capital from $15.00 to $14.50 and set a “buy” rating on the stock in a research note on Friday, April 10th. BTIG Research cut their price objective on Rithm Capital from $16.00 to $13.00 and set a “buy” rating for the company in a report on Tuesday. Royal Bank Of Canada reduced their price objective on Rithm Capital from $14.00 to $13.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Wall Street Zen cut Rithm Capital from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Piper Sandler dropped their target price on Rithm Capital from $15.00 to $14.00 and set an “overweight” rating for the company in a research report on Thursday, April 2nd. Ten research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Rithm Capital presently has an average rating of “Moderate Buy” and an average target price of $13.35.

Rithm Capital Price Performance

Shares of NYSE:RITM opened at $9.21 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 4.02. The stock has a market cap of $5.14 billion, a PE ratio of 8.45 and a beta of 1.14. The company’s fifty day moving average is $9.54 and its 200 day moving average is $10.23. Rithm Capital Corp. has a 52 week low of $8.43 and a 52 week high of $12.74.

Rithm Capital (NYSE:RITM) last posted its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.02). Rithm Capital had a net margin of 14.44% and a return on equity of 19.48%. The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Research analysts anticipate that Rithm Capital Corp. will post 2.27 earnings per share for the current year.

Rithm Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Monday, April 6th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 10.9%. The ex-dividend date of this dividend was Monday, April 6th. Rithm Capital’s payout ratio is presently 91.74%.

Insider Buying and Selling

In other Rithm Capital news, Director David Saltzman sold 80,922 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $9.25, for a total transaction of $748,528.50. Following the completion of the sale, the director owned 44,248 shares of the company’s stock, valued at $409,294. This represents a 64.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.57% of the stock is owned by corporate insiders.

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.