Entropy Technologies LP Grows Position in Rithm Capital Corp. (NYSE:RITM)

Entropy Technologies LP raised its stake in shares of Rithm Capital Corp. (NYSE:RITM - Free Report) by 139.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,279 shares of the real estate investment trust's stock after acquiring an additional 47,400 shares during the period. Entropy Technologies LP's holdings in Rithm Capital were worth $923,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of RITM. Empowered Funds LLC bought a new position in shares of Rithm Capital in the first quarter valued at approximately $136,000. Sei Investments Co. grew its stake in Rithm Capital by 725.7% in the 1st quarter. Sei Investments Co. now owns 395,384 shares of the real estate investment trust's stock valued at $4,412,000 after purchasing an additional 347,499 shares during the period. Russell Investments Group Ltd. increased its position in shares of Rithm Capital by 196.3% during the 1st quarter. Russell Investments Group Ltd. now owns 26,182 shares of the real estate investment trust's stock valued at $293,000 after purchasing an additional 17,345 shares during the last quarter. Avantax Advisory Services Inc. raised its stake in shares of Rithm Capital by 10.3% during the 1st quarter. Avantax Advisory Services Inc. now owns 23,682 shares of the real estate investment trust's stock worth $264,000 after purchasing an additional 2,214 shares during the period. Finally, State Board of Administration of Florida Retirement System boosted its holdings in shares of Rithm Capital by 0.7% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 445,905 shares of the real estate investment trust's stock worth $4,976,000 after buying an additional 2,937 shares during the last quarter. 44.92% of the stock is currently owned by institutional investors.

Rithm Capital Stock Performance

Shares of NYSE:RITM traded up $0.07 during trading on Thursday, hitting $10.81. 1,049,995 shares of the company were exchanged, compared to its average volume of 3,522,281. Rithm Capital Corp. has a 52-week low of $9.94 and a 52-week high of $12.02. The stock has a 50 day moving average of $11.02 and a 200 day moving average of $11.16. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.35 and a quick ratio of 1.35. The company has a market cap of $5.62 billion, a PE ratio of 10.85 and a beta of 1.80.

Rithm Capital (NYSE:RITM - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.12. Rithm Capital had a return on equity of 17.54% and a net margin of 14.99%. The company had revenue of $619.51 million for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the company posted $0.58 EPS. As a group, equities research analysts predict that Rithm Capital Corp. will post 1.89 EPS for the current year.

Rithm Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 1st were given a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.25%. Rithm Capital's dividend payout ratio (DPR) is currently 101.01%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. JMP Securities lifted their price objective on shares of Rithm Capital from $11.00 to $12.50 and gave the stock a "market outperform" rating in a research report on Friday, July 19th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $13.00 price target on shares of Rithm Capital in a report on Tuesday, August 13th. Finally, Wedbush reissued an "outperform" rating and set a $14.00 price objective on shares of Rithm Capital in a report on Thursday, November 7th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $12.78.

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.