Angel Oak Capital Advisors LLC Makes New $3.07 Million Investment in Rithm Capital Corp. (NYSE:RITM)

Angel Oak Capital Advisors LLC acquired a new stake in shares of Rithm Capital Corp. (NYSE:RITM - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 283,870 shares of the real estate investment trust's stock, valued at approximately $3,074,000. Rithm Capital comprises about 4.1% of Angel Oak Capital Advisors LLC's investment portfolio, making the stock its 4th biggest position. Angel Oak Capital Advisors LLC owned about 0.05% of Rithm Capital at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of RITM. State of New Jersey Common Pension Fund D increased its holdings in shares of Rithm Capital by 18.9% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 382,722 shares of the real estate investment trust's stock worth $4,145,000 after purchasing an additional 60,922 shares in the last quarter. Strategic Financial Concepts LLC purchased a new stake in shares of Rithm Capital during the fourth quarter valued at $921,000. Allworth Financial LP increased its holdings in Rithm Capital by 1,437.5% in the 4th quarter. Allworth Financial LP now owns 133,688 shares of the real estate investment trust's stock worth $1,505,000 after buying an additional 124,993 shares in the last quarter. Rhumbline Advisers raised its position in Rithm Capital by 7.7% in the 4th quarter. Rhumbline Advisers now owns 495,456 shares of the real estate investment trust's stock worth $5,366,000 after buying an additional 35,405 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in Rithm Capital by 15.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 21,683 shares of the real estate investment trust's stock valued at $235,000 after acquiring an additional 2,978 shares during the period. 44.92% of the stock is currently owned by institutional investors.

Rithm Capital Price Performance

Rithm Capital stock traded down $0.10 during mid-day trading on Friday, hitting $11.89. The stock had a trading volume of 3,649,394 shares, compared to its average volume of 3,742,676. Rithm Capital Corp. has a one year low of $10.38 and a one year high of $12.10. The company has a current ratio of 1.09, a quick ratio of 1.35 and a debt-to-equity ratio of 1.74. The firm has a market capitalization of $6.19 billion, a P/E ratio of 7.12 and a beta of 1.79. The firm's 50 day moving average is $11.31 and its 200 day moving average is $11.18.

Rithm Capital (NYSE:RITM - Get Free Report) last posted its earnings results on Thursday, February 6th. The real estate investment trust reported $0.60 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 forecast that Rithm Capital Corp. will post 1.93 earnings per share for the current fiscal year.

Rithm Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a yield of 8.41%. Rithm Capital's payout ratio is 59.88%.

Analyst Upgrades and Downgrades

RITM has been the subject of a number of research analyst reports. Piper Sandler lifted their price target on shares of Rithm Capital from $11.50 to $12.50 and gave the stock a "neutral" rating in a research note on Friday, February 7th. B. Riley raised shares of Rithm Capital to a "strong-buy" rating in a research report on Tuesday, January 7th. Royal Bank of Canada reissued an "outperform" rating and set a $13.00 price target on shares of Rithm Capital in a report on Thursday, November 21st. Wedbush reiterated an "outperform" rating and set a $14.00 price objective on shares of Rithm Capital in a research report on Thursday, November 7th. Finally, JMP Securities reissued a "market outperform" rating and issued a $12.50 target price on shares of Rithm Capital in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $12.94.

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.