LaSalle St. Investment Advisors LLC Buys Shares of 32,087 Rithm Capital Corp. (NYSE:RITM)

LaSalle St. Investment Advisors LLC bought a new stake in Rithm Capital Corp. (NYSE:RITM - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 32,087 shares of the real estate investment trust's stock, valued at approximately $347,000.

A number of other large investors also recently modified their holdings of the business. Wilmington Savings Fund Society FSB bought a new stake in shares of Rithm Capital during the third quarter valued at approximately $43,000. Householder Group Estate & Retirement Specialist LLC increased its holdings in Rithm Capital by 86.7% in 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 buying an additional 2,062 shares during the period. Quadrant Capital Group LLC raised its stake in shares of Rithm Capital by 35.2% in the 4th quarter. Quadrant Capital Group LLC now owns 4,655 shares of the real estate investment trust's stock valued at $50,000 after buying an additional 1,211 shares in the last quarter. C M Bidwell & Associates Ltd. bought a new position in shares of Rithm Capital during the 4th quarter worth about $81,000. Finally, FNY Investment Advisers LLC boosted its position in shares of Rithm Capital by 8,600.0% during the 4th quarter. FNY Investment Advisers LLC now owns 8,700 shares of the real estate investment trust's stock valued at $94,000 after acquiring an additional 8,600 shares in the last quarter. 44.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on RITM shares. Piper Sandler increased their price target 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. UBS Group decreased their price target on Rithm Capital from $14.00 to $13.00 and set a "buy" rating on the stock in a research note on Wednesday. Wedbush reiterated an "outperform" rating and set a $14.00 price objective on shares of Rithm Capital in a research note on Friday, March 28th. B. Riley upgraded shares of Rithm Capital to a "strong-buy" rating in a research note on Tuesday, January 7th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $12.50 target price on shares of Rithm Capital in a report on Thursday, January 23rd. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Rithm Capital presently has an average rating of "Buy" and an average price target of $13.21.

Rithm Capital Price Performance

Shares of Rithm Capital stock traded up $0.11 during trading on Friday, reaching $10.13. The company's stock had a trading volume of 4,871,959 shares, compared to its average volume of 3,835,591. Rithm Capital Corp. has a one year low of $9.13 and a one year high of $12.20. The stock has a 50-day moving average price of $11.34 and a two-hundred day moving average price of $11.10. 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 stock has a market capitalization of $5.37 billion, a P/E ratio of 6.06 and a beta of 1.36.

Rithm Capital (NYSE:RITM - Get Free Report) last announced its 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%. As a group, sell-side analysts anticipate that Rithm Capital Corp. will post 1.93 EPS for the current fiscal year.

Rithm Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a $0.25 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 9.87%. Rithm Capital's dividend payout ratio (DPR) is currently 59.88%.

Rithm Capital 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.