Rithm Capital Corp. (NYSE:RITM) Shares Acquired by Waterloo Capital L.P.

Waterloo Capital L.P. boosted its position in shares of Rithm Capital Corp. (NYSE:RITM) by 5.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 341,218 shares of the real estate investment trust’s stock after purchasing an additional 18,741 shares during the period. Waterloo Capital L.P.’s holdings in Rithm Capital were worth $3,695,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RITM. SeaCrest Wealth Management LLC grew its stake in shares of Rithm Capital by 1.0% during the fourth quarter. SeaCrest Wealth Management LLC now owns 94,566 shares of the real estate investment trust’s stock valued at $1,024,000 after acquiring an additional 951 shares in the last quarter. 1620 Investment Advisors Inc. boosted its holdings in Rithm Capital by 2.1% in the fourth quarter. 1620 Investment Advisors Inc. now owns 46,035 shares of the real estate investment trust’s stock valued at $499,000 after purchasing an additional 960 shares during the last quarter. Summit Trail Advisors LLC grew its stake in Rithm Capital by 2.0% during the 4th quarter. Summit Trail Advisors LLC now owns 49,380 shares of the real estate investment trust’s stock valued at $547,000 after purchasing an additional 967 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in Rithm Capital by 2.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 35,792 shares of the real estate investment trust’s stock worth $388,000 after purchasing an additional 1,016 shares during the last quarter. Finally, US Bancorp DE raised its position in shares of Rithm Capital by 3.7% in the 4th quarter. US Bancorp DE now owns 32,458 shares of the real estate investment trust’s stock valued at $352,000 after purchasing an additional 1,155 shares in the last quarter. Hedge funds and other institutional investors own 44.92% of the company’s stock.

Rithm Capital Stock Down 7.2 %

Shares of NYSE:RITM opened at $10.44 on Friday. Rithm Capital Corp. has a 1-year low of $10.28 and a 1-year high of $12.20. The company’s fifty day moving average is $11.68 and its two-hundred day moving average is $11.22. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.35 and a current ratio of 1.09. The stock has a market capitalization of $5.43 billion, a price-to-earnings ratio of 6.25 and a beta of 1.83.

Rithm Capital (NYSE:RITM) last issued 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%. Equities analysts anticipate that Rithm Capital Corp. will post 1.93 EPS for the current year.

Rithm Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be given a dividend of $0.25 per share. The ex-dividend date is Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a yield of 9.58%. Rithm Capital’s dividend payout ratio is currently 59.88%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on RITM. Piper Sandler raised 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. Wedbush reissued an “outperform” rating and issued a $14.00 target price on shares of Rithm Capital in a research report 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 reiterated a “market outperform” rating and issued a $12.50 price target on shares of Rithm Capital in a research note on Thursday, January 23rd. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Rithm Capital presently has an average rating of “Buy” and an average target price of $13.25.

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.