Summit Trail Advisors LLC Purchases 967 Shares of Rithm Capital Corp. (NYSE:RITM)

Summit Trail Advisors LLC raised its position in Rithm Capital Corp. (NYSE:RITM) by 2.0% during the fourth quarter, Holdings Channel reports. The fund owned 49,380 shares of the real estate investment trust’s stock after acquiring an additional 967 shares during the period. Summit Trail Advisors LLC’s holdings in Rithm Capital were worth $547,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Truvestments Capital LLC bought a new position in shares of Rithm Capital in the 3rd quarter worth approximately $43,000. Wilmington Savings Fund Society FSB bought a new position in Rithm Capital in the third quarter worth approximately $43,000. Householder Group Estate & Retirement Specialist LLC boosted its stake in shares of 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 worth $48,000 after acquiring an additional 2,062 shares during the last quarter. Godsey & Gibb Inc. bought a new stake in shares of Rithm Capital during the 3rd quarter valued at $51,000. Finally, FNY Investment Advisers LLC increased its stake in shares of Rithm Capital by 8,600.0% in the 4th quarter. FNY Investment Advisers LLC now owns 8,700 shares of the real estate investment trust’s stock worth $94,000 after purchasing an additional 8,600 shares in the last quarter. 44.92% of the stock is owned by hedge funds and other institutional investors.

Rithm Capital Trading Down 0.2 %

RITM stock opened at $11.84 on Wednesday. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.35 and a quick ratio of 1.35. Rithm Capital Corp. has a 1-year low of $10.06 and a 1-year high of $12.02. The business has a 50 day simple moving average of $11.18 and a two-hundred day simple moving average of $11.15. The company has a market capitalization of $6.15 billion, a price-to-earnings ratio of 7.09 and a beta of 1.79.

Rithm Capital (NYSE:RITM) last released its earnings results on Thursday, February 6th. The real estate investment trust reported $0.60 EPS for the quarter, topping the consensus estimate of $0.44 by $0.16. Rithm Capital had a net margin of 17.79% and a return on equity of 18.46%. Research analysts anticipate that Rithm Capital Corp. will post 1.92 EPS for the current fiscal year.

Rithm Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.45%. Rithm Capital’s payout ratio is 59.88%.

Wall Street Analyst Weigh In

RITM has been the subject of several recent research reports. B. Riley raised Rithm Capital to a “strong-buy” rating in a report on Tuesday, January 7th. Wedbush reiterated an “outperform” rating and set a $14.00 price objective on shares of Rithm Capital in a research note on Thursday, November 7th. Royal Bank of Canada restated an “outperform” rating and set a $13.00 target price on shares of Rithm Capital in a research note on Thursday, November 21st. JMP Securities reaffirmed a “market outperform” rating and set a $12.50 price target on shares of Rithm Capital in a report on Thursday, January 23rd. Finally, Piper Sandler increased their price objective on shares of Rithm Capital from $11.50 to $12.50 and gave the stock a “neutral” rating in a research note on Friday, February 7th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Rithm Capital currently has a consensus rating of “Buy” and an average target price of $12.94.

About Rithm Capital

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.