Rithm Capital Corp. (NYSE:RITM) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lowered its stake in Rithm Capital Corp. (NYSE:RITM) by 14.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 182,774 shares of the real estate investment trust’s stock after selling 31,126 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Rithm Capital were worth $2,074,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. boosted its position in shares of Rithm Capital by 154.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,513 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 1,525 shares during the period. Bessemer Group Inc. purchased a new position in Rithm Capital during the 1st quarter valued at about $30,000. Abich Financial Wealth Management LLC grew its position in Rithm Capital by 56.8% in the 1st quarter. Abich Financial Wealth Management LLC now owns 4,031 shares of the real estate investment trust’s stock valued at $45,000 after acquiring an additional 1,461 shares in the last quarter. Godsey & Gibb Inc. purchased a new stake in Rithm Capital during the third quarter worth about $51,000. Finally, Fidelis Capital Partners LLC acquired a new stake in shares of Rithm Capital during the first quarter worth about $62,000. Hedge funds and other institutional investors own 44.92% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $13.00 target price on shares of Rithm Capital in a research note on Tuesday, August 13th. Wedbush reiterated an “outperform” rating and issued a $13.00 price objective on shares of Rithm Capital in a research note on Friday, August 16th. Finally, JMP Securities boosted their target price on Rithm Capital from $11.00 to $12.50 and gave the stock a “market outperform” rating in a research note on Friday, July 19th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Rithm Capital presently has an average rating of “Moderate Buy” and an average target price of $12.67.

Rithm Capital Stock Down 1.0 %

Shares of NYSE RITM opened at $10.48 on Friday. Rithm Capital Corp. has a 1 year low of $9.61 and a 1 year high of $12.02. The company has a market capitalization of $5.06 billion, a price-to-earnings ratio of 10.59 and a beta of 1.80. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.49 and a quick ratio of 0.49. The business has a 50-day moving average of $11.20 and a two-hundred day moving average of $11.17.

Rithm Capital (NYSE:RITM) last announced its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.12. The firm had revenue of $619.51 million during the quarter, compared to the consensus estimate of $1.11 billion. Rithm Capital had a return on equity of 17.91% and a net margin of 14.99%. During the same period in the prior year, the company posted $0.58 earnings per share. On average, analysts forecast that Rithm Capital Corp. will post 1.85 earnings per share for the current fiscal year.

Rithm Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 1st were given a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.00 dividend on an annualized basis and a yield of 9.54%. Rithm Capital’s dividend payout ratio (DPR) is presently 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.