Rithm Capital Corp. (NYSE:RITM) Shares Purchased by Cruiser Capital Advisors LLC

Cruiser Capital Advisors LLC boosted its position in shares of Rithm Capital Corp. (NYSE:RITM - Free Report) by 204.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 115,600 shares of the real estate investment trust's stock after acquiring an additional 77,600 shares during the period. Rithm Capital accounts for 0.7% of Cruiser Capital Advisors LLC's holdings, making the stock its 18th biggest position. Cruiser Capital Advisors LLC's holdings in Rithm Capital were worth $1,252,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Truvestments Capital LLC purchased a new stake in shares of Rithm Capital during the third quarter worth about $43,000. Wilmington Savings Fund Society FSB purchased a new stake in Rithm Capital during the 3rd quarter worth approximately $43,000. Householder Group Estate & Retirement Specialist LLC increased its stake in Rithm Capital by 86.7% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 4,439 shares of the real estate investment trust's stock valued at $48,000 after purchasing an additional 2,062 shares in the last quarter. FNY Investment Advisers LLC raised its holdings in shares of Rithm Capital by 8,600.0% in the fourth quarter. FNY Investment Advisers LLC now owns 8,700 shares of the real estate investment trust's stock worth $94,000 after buying an additional 8,600 shares during the last quarter. Finally, Whittier Trust Co. lifted its stake in shares of Rithm Capital by 1,860.7% during the fourth quarter. Whittier Trust Co. now owns 10,274 shares of the real estate investment trust's stock worth $111,000 after buying an additional 9,750 shares during the period. 44.92% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Several research firms recently issued reports on RITM. Wedbush reissued an "outperform" rating and issued a $14.00 target price on shares of Rithm Capital in a research report on Friday. JMP Securities restated a "market outperform" rating and issued a $12.50 price objective 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. Piper Sandler lifted their price objective on shares of Rithm Capital from $11.50 to $12.50 and gave the company a "neutral" rating in a research note on Friday, February 7th. Finally, 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. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $13.25.

Rithm Capital Stock Performance

Rithm Capital stock traded down $0.31 during mid-day trading on Friday, hitting $11.33. The company had a trading volume of 2,808,346 shares, compared to its average volume of 3,844,261. The company has a market capitalization of $5.90 billion, a price-to-earnings ratio of 6.78 and a beta of 1.83. Rithm Capital Corp. has a 12-month low of $10.38 and a 12-month high of $12.19. The company's fifty day moving average is $11.69 and its 200-day moving average is $11.24. The company has a current ratio of 1.09, a quick ratio of 1.35 and a debt-to-equity ratio of 1.74.

Rithm Capital (NYSE:RITM - Get Free Report) 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, 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%. Equities research analysts predict that Rithm Capital Corp. will post 1.93 EPS for the current year.

Rithm Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.83%. The ex-dividend date is Monday, March 31st. Rithm Capital's dividend payout ratio (DPR) is presently 59.88%.

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.