Calton & Associates Inc. Invests $763,000 in Rithm Capital Corp. (NYSE:RITM)

Calton & Associates Inc. acquired a new stake in shares of Rithm Capital Corp. (NYSE:RITM - Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 67,214 shares of the real estate investment trust's stock, valued at approximately $763,000.

Several other large investors have also recently made changes to their positions in RITM. Wellington Management Group LLP lifted its stake in shares of Rithm Capital by 3.9% in the 4th quarter. Wellington Management Group LLP now owns 2,106,184 shares of the real estate investment trust's stock valued at $22,494,000 after purchasing an additional 78,838 shares during the period. B. Riley Wealth Advisors Inc. lifted its stake in shares of Rithm Capital by 12.2% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 30,732 shares of the real estate investment trust's stock valued at $336,000 after purchasing an additional 3,337 shares during the period. RFG Advisory LLC lifted its stake in shares of Rithm Capital by 18.1% in the 1st quarter. RFG Advisory LLC now owns 13,515 shares of the real estate investment trust's stock valued at $151,000 after purchasing an additional 2,073 shares during the period. International Assets Investment Management LLC increased its holdings in Rithm Capital by 13.0% in the 1st quarter. International Assets Investment Management LLC now owns 16,707 shares of the real estate investment trust's stock worth $183,000 after acquiring an additional 1,916 shares in the last quarter. Finally, Future Financial Wealth Managment LLC purchased a new stake in Rithm Capital in the 1st quarter worth $71,000. 44.92% of the stock is currently owned by institutional investors and hedge funds.

Rithm Capital Stock Performance

Shares of Rithm Capital stock remained flat at $10.60 during trading hours on Tuesday. The stock had a trading volume of 3,047,223 shares, compared to its average volume of 3,456,781. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.81. The firm has a 50-day moving average of $11.34 and a two-hundred day moving average of $11.19. The company has a market capitalization of $5.12 billion, a price-to-earnings ratio of 7.07 and a beta of 1.80. Rithm Capital Corp. has a 1-year low of $8.87 and a 1-year high of $12.02.

Rithm Capital (NYSE:RITM - Get Free Report) last issued its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.05. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.15 billion. Rithm Capital had a net margin of 15.55% and a return on equity of 18.04%. The company's revenue was up 18.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.62 earnings per share. Research analysts expect that Rithm Capital Corp. will post 1.82 earnings per share for the current year.

Rithm Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 1st will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, October 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.43%. Rithm Capital's payout ratio is currently 66.67%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on RITM shares. JMP Securities upped their target price on shares of Rithm Capital from $11.00 to $12.50 and gave the stock a "market outperform" rating in a report on Friday, July 19th. Wedbush reissued an "outperform" rating and issued a $13.00 target price on shares of Rithm Capital in a research report on Friday, August 16th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $13.00 target price on shares of Rithm Capital in a research report on Tuesday, August 13th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $12.67.

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.