Teacher Retirement System of Texas raised its stake in Rithm Capital Corp. (NYSE:RITM - Free Report) by 92.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 447,533 shares of the real estate investment trust's stock after buying an additional 214,540 shares during the period. Teacher Retirement System of Texas owned approximately 0.09% of Rithm Capital worth $4,847,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the stock. Geode Capital Management LLC boosted its position in shares of Rithm Capital by 7.8% in the 3rd quarter. Geode Capital Management LLC now owns 8,415,057 shares of the real estate investment trust's stock valued at $95,537,000 after purchasing an additional 610,698 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Rithm Capital by 7.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,364,962 shares of the real estate investment trust's stock valued at $60,892,000 after acquiring an additional 366,600 shares in the last quarter. JPMorgan Chase & Co. grew its position in Rithm Capital by 119.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,608,008 shares of the real estate investment trust's stock worth $52,301,000 after purchasing an additional 2,504,529 shares in the last quarter. Azora Capital LP lifted its holdings in shares of Rithm Capital by 107.6% in the third quarter. Azora Capital LP now owns 4,383,821 shares of the real estate investment trust's stock valued at $49,756,000 after purchasing an additional 2,271,671 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Rithm Capital by 37.8% in the third quarter. Wellington Management Group LLP now owns 3,567,917 shares of the real estate investment trust's stock worth $40,496,000 after buying an additional 978,954 shares during the period. 44.92% of the stock is owned by institutional investors.
Rithm Capital Stock Down 0.3 %
NYSE:RITM traded down $0.04 during trading hours on Thursday, reaching $11.63. The company's stock had a trading volume of 2,827,533 shares, compared to its average volume of 3,449,401. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.09 and a quick ratio of 1.35. The company has a market cap of $6.05 billion, a price-to-earnings ratio of 6.96 and a beta of 1.83. Rithm Capital Corp. has a one year low of $10.38 and a one year high of $12.20. The business's 50-day moving average is $11.67 and its 200-day moving average is $11.23.
Rithm Capital (NYSE:RITM - Get Free Report) last posted its earnings results on Thursday, February 6th. The real estate investment trust reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.16. Rithm Capital had a return on equity of 18.15% and a net margin of 17.79%. Equities research analysts predict that Rithm Capital Corp. will post 1.93 EPS for the current year.
Rithm Capital Dividend Announcement
The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 8.60%. Rithm Capital's payout ratio is presently 59.88%.
Analyst Upgrades and Downgrades
RITM has been the topic of several research analyst reports. Keefe, Bruyette & Woods lifted their target price on Rithm Capital from $13.00 to $13.50 and gave the company an "outperform" rating in a research note on Tuesday, December 3rd. B. Riley raised shares of Rithm Capital to a "strong-buy" rating in a research note on Tuesday, January 7th. JMP Securities reaffirmed a "market outperform" rating and issued a $12.50 price target on shares of Rithm Capital in a research note on Thursday, January 23rd. Finally, Piper Sandler lifted their price objective on Rithm Capital from $11.50 to $12.50 and gave the company a "neutral" rating in a research report on Friday, February 7th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Rithm Capital has an average rating of "Buy" and a consensus target price of $13.25.
View Our Latest Analysis on Rithm Capital
About Rithm Capital
(
Free Report)
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.
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