7,525 Shares in Rithm Capital Corp. (NYSE:RITM) Acquired by C M Bidwell & Associates Ltd.

C M Bidwell & Associates Ltd. purchased a new position in Rithm Capital Corp. (NYSE:RITM) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 7,525 shares of the real estate investment trust’s stock, valued at approximately $81,000.

Several other institutional investors and hedge funds have also made changes to their positions in RITM. Wilmington Savings Fund Society FSB purchased a new position in Rithm Capital in the 3rd quarter worth $43,000. Householder Group Estate & Retirement Specialist LLC raised its stake in shares of Rithm Capital by 86.7% in 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 lifted its holdings 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 worth $94,000 after purchasing an additional 8,600 shares during the period. Whittier Trust Co. boosted its position in 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 valued at $111,000 after buying an additional 9,750 shares during the last quarter. Finally, Perigon Wealth Management LLC purchased a new position in Rithm Capital during the 4th quarter worth approximately $120,000. 44.92% of the stock is currently owned by institutional investors and hedge funds.

Rithm Capital Stock Down 2.1 %

Rithm Capital stock opened at $11.39 on Monday. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.09 and a quick ratio of 1.35. The stock has a market capitalization of $5.93 billion, a PE ratio of 6.82 and a beta of 1.83. The business has a 50 day simple moving average of $11.69 and a 200-day simple moving average of $11.23. Rithm Capital Corp. has a 12 month low of $10.38 and a 12 month high of $12.20.

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

Rithm Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, March 31st. This represents a $1.00 annualized dividend and a yield of 8.78%. Rithm Capital’s dividend payout ratio (DPR) is currently 59.88%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Rithm Capital from $13.00 to $13.50 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Piper Sandler lifted their price objective on Rithm Capital from $11.50 to $12.50 and gave the company a “neutral” rating in a research note on Friday, February 7th. JMP Securities restated a “market outperform” rating and issued a $12.50 target price on shares of Rithm Capital in a research note on Thursday, January 23rd. B. Riley upgraded Rithm Capital to a “strong-buy” rating in a research report on Tuesday, January 7th. Finally, Wedbush restated an “outperform” rating and issued a $14.00 price objective on shares of Rithm Capital in a research report on Friday. One research 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.com, the company currently has an average rating of “Buy” and an average target price of $13.25.

About Rithm Capital

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.