Rithm Capital Corp. $RITM Shares Acquired by Cetera Investment Advisers

Cetera Investment Advisers increased its position in shares of Rithm Capital Corp. (NYSE:RITM) by 26.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 1,447,552 shares of the real estate investment trust’s stock after buying an additional 306,615 shares during the quarter. Cetera Investment Advisers’ holdings in Rithm Capital were worth $13,723,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Curi Capital LLC boosted its stake in Rithm Capital by 0.7% during the 2nd quarter. Curi Capital LLC now owns 120,262 shares of the real estate investment trust’s stock valued at $1,358,000 after purchasing an additional 829 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Rithm Capital by 14.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 7,031 shares of the real estate investment trust’s stock worth $81,000 after buying an additional 881 shares in the last quarter. Westbourne Investment Advisors Inc. raised its stake in shares of Rithm Capital by 1.8% in the 4th quarter. Westbourne Investment Advisors Inc. now owns 55,500 shares of the real estate investment trust’s stock worth $605,000 after buying an additional 1,000 shares in the last quarter. City Holding Co. lifted its holdings in shares of Rithm Capital by 35.1% in the fourth quarter. City Holding Co. now owns 3,850 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 1,000 shares during the period. Finally, Fort Sheridan Advisors LLC lifted its holdings in shares of Rithm Capital by 0.3% in the fourth quarter. Fort Sheridan Advisors LLC now owns 367,164 shares of the real estate investment trust’s stock valued at $4,002,000 after buying an additional 1,000 shares during the period. 44.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Rithm Capital

In other Rithm Capital news, Director David Saltzman sold 80,922 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $9.25, for a total transaction of $748,528.50. Following the sale, the director owned 44,248 shares in the company, valued at approximately $409,294. The trade was a 64.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.57% of the company’s stock.

Rithm Capital News Summary

Here are the key news stories impacting Rithm Capital this week:

• Positive Sentiment: Adjusted earnings beat expectations: Rithm reported second-quarter earnings available for distribution of $0.60 per share, versus the $0.50 analyst consensus and $0.54 a year earlier. The result was supported by stronger asset-management revenue and higher origination volumes. Rithm Capital Q2 Earnings Beat Estimates, Revenues Up Year over Year
• Positive Sentiment: Asset-management momentum continued: Rithm Asset Management’s assets under management rose to approximately $61 billion from $59 billion in the first quarter. Management highlighted fee-based growth, while Genesis Capital’s origination volume increased 52% year over year to $1.9 billion. Rithm Capital Earnings Review
• Positive Sentiment: Mortgage securitization activity provides an additional catalyst: KBRA assigned preliminary ratings to 10 classes of notes in a $494.5 million non-prime residential mortgage-backed securities transaction sponsored by Rithm. The deal highlights continued activity across the company’s mortgage platform and may support capital recycling. KBRA Assigns Preliminary Ratings to NRMLT 2026-NQM9
• Positive Sentiment: Income and dividend appeal remain prominent: The company reported a 19.48% return on equity, $12.33 in book value per common share, and a $0.25 quarterly dividend. Analysts cited Rithm’s potentially attractive valuation and dividend yield, while brokerages have set an average price target of $13.20. Brokerages Set Rithm Capital Target Price
• Neutral Sentiment: Analyst views are mixed: Coverage indicates that analysts remain divided on Rithm’s outlook, limiting the potential for a broad-based reassessment of the shares. Analysts Conflicted on Rithm Capital
• Negative Sentiment: Revenue and GAAP profitability were weaker: Quarterly revenue of $1.28 billion missed the $1.43 billion consensus, while GAAP net income attributable to common stockholders was only $20.2 million, or $0.04 per share. Weaker servicing revenue and higher expenses were reported as offsets to the adjusted earnings beat.

Rithm Capital Stock Performance

RITM opened at $9.96 on Thursday. The firm has a market cap of $5.56 billion, a PE ratio of 16.61 and a beta of 1.14. The company has a quick ratio of 1.28, a current ratio of 0.90 and a debt-to-equity ratio of 2.19. The business has a fifty day simple moving average of $9.24 and a 200-day simple moving average of $9.85. Rithm Capital Corp. has a fifty-two week low of $8.43 and a fifty-two week high of $12.74.

Rithm Capital (NYSE:RITM) last issued its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.10. Rithm Capital had a return on equity of 19.86% and a net margin of 9.20%.The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.43 billion. As a group, equities analysts predict that Rithm Capital Corp. will post 2.23 EPS for the current fiscal year.

Rithm Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Thursday, July 2nd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 10.0%. Rithm Capital’s dividend payout ratio (DPR) is currently 91.74%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Citigroup reaffirmed an “outperform” rating on shares of Rithm Capital in a report on Wednesday, May 20th. UBS Group cut their price target on shares of Rithm Capital from $15.00 to $14.50 and set a “buy” rating for the company in a report on Friday, April 10th. Keefe, Bruyette & Woods reduced their price objective on shares of Rithm Capital from $14.00 to $13.00 and set an “outperform” rating for the company in a research report on Friday, May 1st. Citizens Jmp raised their price objective on shares of Rithm Capital from $12.50 to $13.50 and gave the company a “market outperform” rating in a research report on Wednesday, May 20th. Finally, Piper Sandler lowered their price objective on shares of Rithm Capital from $14.00 to $12.50 and set an “overweight” rating on the stock in a research note on Thursday, July 2nd. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Rithm Capital has an average rating of “Moderate Buy” and an average target price of $13.20.

About Rithm Capital

Rithm Capital Corporation is a specialty finance company that originates, acquires and manages structured credit investments collateralized by real estate assets in the United States. The company focuses primarily on senior floating-rate loans secured by multifamily, commercial, industrial and single-family rental properties, aiming to deliver attractive risk-adjusted yields through a diversified portfolio of floating-rate real estate debt.

In addition to senior loans, Rithm Capital invests in residential mortgage-backed securities, including agency and non-agency pools, as well as other real estate-related credit instruments.