Rithm Capital Corp. $RITM Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB increased its position in shares of Rithm Capital Corp. (NYSE:RITM) by 54.9% in the fourth quarter, HoldingsChannel reports. The firm owned 191,894 shares of the real estate investment trust’s stock after acquiring an additional 68,000 shares during the quarter. Handelsbanken Fonder AB’s holdings in Rithm Capital were worth $2,092,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Curi Capital LLC lifted its holdings in shares of Rithm Capital by 0.7% during the second quarter. Curi Capital LLC now owns 120,262 shares of the real estate investment trust’s stock worth $1,358,000 after purchasing an additional 829 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of Rithm Capital by 14.3% during the first quarter. Geneos Wealth Management Inc. now owns 7,031 shares of the real estate investment trust’s stock worth $81,000 after purchasing an additional 881 shares during the period. City Holding Co. lifted its holdings in shares of Rithm Capital by 35.1% during the fourth quarter. City Holding Co. now owns 3,850 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 1,000 shares during the period. Westbourne Investment Advisors Inc. lifted its holdings in shares of Rithm Capital by 1.8% during the fourth quarter. Westbourne Investment Advisors Inc. now owns 55,500 shares of the real estate investment trust’s stock worth $605,000 after purchasing an additional 1,000 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of Rithm Capital by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 165,278 shares of the real estate investment trust’s stock worth $1,883,000 after purchasing an additional 1,024 shares during the period. Institutional investors and hedge funds own 44.92% of the company’s stock.

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 that occurred on Wednesday, May 20th. The stock was sold at an average price of $9.25, for a total value of $748,528.50. Following the completion of the transaction, the director directly owned 44,248 shares of the company’s stock, valued at approximately $409,294. The trade was a 64.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on RITM shares. UBS Group decreased their target price on Rithm Capital from $15.00 to $14.50 and set a “buy” rating for the company in a report on Friday, April 10th. Wall Street Zen downgraded Rithm Capital from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Capital One Financial set a $12.50 target price on Rithm Capital in a report on Thursday, April 9th. Citizens Jmp lifted their target price on Rithm Capital from $12.50 to $13.50 and gave the stock a “market outperform” rating in a report on Wednesday, May 20th. Finally, Keefe, Bruyette & Woods decreased their target price on Rithm Capital from $14.00 to $13.00 and set an “outperform” rating for the company in a report on Friday, May 1st. Nine analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $13.61.

Rithm Capital Trading Up 0.1%

Shares of NYSE:RITM opened at $9.27 on Monday. Rithm Capital Corp. has a 12-month low of $8.43 and a 12-month high of $12.74. The company has a market capitalization of $5.17 billion, a PE ratio of 8.50 and a beta of 1.17. The business has a 50 day moving average of $9.59 and a two-hundred day moving average of $10.49. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 4.02.

Rithm Capital (NYSE:RITM) last announced its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.02). Rithm Capital had a net margin of 14.44% and a return on equity of 19.48%. The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.27 billion. As a group, analysts forecast that Rithm Capital Corp. will post 2.27 EPS for the current year.

Rithm Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Monday, April 6th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, April 6th. This represents a $1.00 dividend on an annualized basis and a yield of 10.8%. Rithm Capital’s payout ratio is presently 91.74%.

Rithm Capital Company Profile

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.