Cwm LLC Has $106,000 Stock Position in Rithm Capital Corp. (NYSE:RITM)

Cwm LLC lessened its stake in Rithm Capital Corp. (NYSE:RITM) by 9.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,895 shares of the real estate investment trust’s stock after selling 1,085 shares during the quarter. Cwm LLC’s holdings in Rithm Capital were worth $106,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in RITM. Castleview Partners LLC lifted its stake in Rithm Capital by 690.6% in the 3rd quarter. Castleview Partners LLC now owns 4,016 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 3,508 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Rithm Capital in the fourth quarter worth $95,000. Harvest Fund Management Co. Ltd acquired a new position in Rithm Capital during the third quarter worth $94,000. Ritholtz Wealth Management bought a new position in Rithm Capital in the fourth quarter valued at $114,000. Finally, DAVENPORT & Co LLC acquired a new stake in Rithm Capital in the 4th quarter valued at $119,000. Institutional investors own 44.92% of the company’s stock.

Rithm Capital Stock Performance

Shares of NYSE RITM opened at $11.32 on Tuesday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.12. Rithm Capital Corp. has a 12 month low of $7.80 and a 12 month high of $11.45. The stock has a 50 day moving average of $10.96 and a 200-day moving average of $10.57. The company has a market capitalization of $5.47 billion, a P/E ratio of 7.54 and a beta of 1.80.

Rithm Capital (NYSE:RITM) last issued its earnings results on Wednesday, February 7th. The real estate investment trust reported $0.51 EPS for the quarter, topping the consensus estimate of $0.35 by $0.16. Rithm Capital had a return on equity of 19.38% and a net margin of 19.77%. The company had revenue of $709.47 million during the quarter, compared to the consensus estimate of $887.04 million. During the same period in the previous year, the company posted $0.33 EPS. As a group, equities research analysts predict that Rithm Capital Corp. will post 1.69 EPS for the current year.

Rithm Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Monday, April 1st were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 8.84%. The ex-dividend date was Thursday, March 28th. Rithm Capital’s payout ratio is 66.67%.

Analyst Ratings Changes

Several brokerages have recently weighed in on RITM. Jonestrading raised their price objective on Rithm Capital from $11.00 to $12.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. Argus upped their price objective on Rithm Capital from $11.00 to $12.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Royal Bank of Canada reissued an “outperform” rating and issued a $12.00 target price on shares of Rithm Capital in a research note on Monday, April 1st. Wedbush reaffirmed an “outperform” rating and set a $13.00 price target on shares of Rithm Capital in a research report on Monday, February 26th. Finally, JMP Securities reissued a “market outperform” rating and issued a $11.00 price objective on shares of Rithm Capital in a research report on Thursday, April 18th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $12.05.

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.