Trust Investment Advisors Purchases 15,835 Shares of Rithm Capital Corp. (NYSE:RITM)

Trust Investment Advisors boosted its position in Rithm Capital Corp. (NYSE:RITM) by 20.1% in the 4th quarter, Holdings Channel reports. The firm owned 94,673 shares of the real estate investment trust’s stock after buying an additional 15,835 shares during the quarter. Trust Investment Advisors’ holdings in Rithm Capital were worth $1,025,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Truvestments Capital LLC bought a new stake in shares of Rithm Capital during the 3rd quarter worth approximately $43,000. Wilmington Savings Fund Society FSB purchased a new stake in Rithm Capital in the third quarter worth $43,000. Householder Group Estate & Retirement Specialist LLC lifted its position in shares of Rithm Capital by 86.7% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 4,439 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 2,062 shares during the last quarter. FNY Investment Advisers LLC boosted its stake in shares of Rithm Capital by 8,600.0% during the fourth quarter. FNY Investment Advisers LLC now owns 8,700 shares of the real estate investment trust’s stock valued at $94,000 after purchasing an additional 8,600 shares during the period. Finally, Whittier Trust Co. grew its holdings in shares of Rithm Capital by 1,860.7% in the fourth quarter. Whittier Trust Co. now owns 10,274 shares of the real estate investment trust’s stock worth $111,000 after purchasing an additional 9,750 shares during the last quarter. Hedge funds and other institutional investors own 44.92% of the company’s stock.

Rithm Capital Stock Performance

Shares of RITM stock opened at $11.68 on Wednesday. The firm has a market cap of $6.08 billion, a price-to-earnings ratio of 6.99 and a beta of 1.83. Rithm Capital Corp. has a 52-week low of $10.38 and a 52-week high of $12.20. The company has a quick ratio of 1.35, a current ratio of 1.09 and a debt-to-equity ratio of 1.74. The company’s 50 day moving average is $11.66 and its 200 day moving average is $11.23.

Rithm Capital (NYSE:RITM) last announced its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating 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%. On average, sell-side analysts anticipate 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 Wednesday, April 30th. Shareholders of record on Monday, March 31st will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 8.56%. The ex-dividend date is Monday, March 31st. Rithm Capital’s payout ratio is 59.88%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on RITM. JMP Securities reiterated a “market outperform” rating and set a $12.50 price objective on shares of Rithm Capital in a report on Thursday, January 23rd. Keefe, Bruyette & Woods boosted their price target on Rithm Capital from $13.00 to $13.50 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. B. Riley upgraded Rithm Capital to a “strong-buy” rating in a report on Tuesday, January 7th. Finally, Piper Sandler upped their target price on Rithm Capital from $11.50 to $12.50 and gave the stock a “neutral” rating in a report on Friday, February 7th. 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 company’s stock. According to MarketBeat, Rithm Capital has a consensus rating of “Buy” and an average target price 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.