Waterloo Capital L.P. Grows Position in Rithm Capital Corp. (NYSE:RITM)

Waterloo Capital L.P. grew its stake in Rithm Capital Corp. (NYSE:RITM) by 5.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 341,218 shares of the real estate investment trust’s stock after acquiring an additional 18,741 shares during the quarter. Waterloo Capital L.P. owned about 0.07% of Rithm Capital worth $3,695,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company boosted its stake in shares of Rithm Capital by 1.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 124,699 shares of the real estate investment trust’s stock worth $1,415,000 after purchasing an additional 2,015 shares during the last quarter. FMR LLC boosted its position in Rithm Capital by 0.9% during the third quarter. FMR LLC now owns 624,501 shares of the real estate investment trust’s stock worth $7,088,000 after acquiring an additional 5,440 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Rithm Capital by 102.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,173,045 shares of the real estate investment trust’s stock worth $13,314,000 after acquiring an additional 592,209 shares during the period. Verition Fund Management LLC acquired a new position in Rithm Capital in the 3rd quarter valued at $203,000. Finally, HighTower Advisors LLC lifted its stake in shares of Rithm Capital by 9.9% during the 3rd quarter. HighTower Advisors LLC now owns 230,755 shares of the real estate investment trust’s stock worth $2,616,000 after purchasing an additional 20,802 shares during the period. Institutional investors and hedge funds own 44.92% of the company’s stock.

Rithm Capital Stock Down 7.2 %

Shares of NYSE:RITM opened at $10.44 on Friday. Rithm Capital Corp. has a 1 year low of $10.28 and a 1 year high of $12.20. The stock has a 50-day simple moving average of $11.68 and a 200-day simple moving average of $11.22. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.35 and a current ratio of 1.09. The stock has a market capitalization of $5.43 billion, a P/E ratio of 6.25 and a beta of 1.83.

Rithm Capital (NYSE:RITM) last released its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.16. Rithm Capital had a net margin of 17.79% and a return on equity of 18.15%. Equities analysts forecast that Rithm Capital Corp. will post 1.93 earnings per share for the current year.

Rithm Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 9.58%. The ex-dividend date is Monday, March 31st. Rithm Capital’s dividend payout ratio (DPR) is presently 59.88%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on RITM shares. Wedbush reaffirmed an “outperform” rating and issued a $14.00 price objective on shares of Rithm Capital in a research report on Friday, March 28th. B. Riley raised shares of Rithm Capital to a “strong-buy” rating in a research note on Tuesday, January 7th. Piper Sandler raised their target price on shares of Rithm Capital from $11.50 to $12.50 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $12.50 price target on shares of Rithm Capital in a research report on Thursday, January 23rd. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $13.25.

Rithm Capital Company 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.