Strs Ohio Has $2.69 Million Stake in Rithm Capital Corp. $RITM

Strs Ohio lifted its position in shares of Rithm Capital Corp. (NYSE:RITM) by 5.8% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 238,553 shares of the real estate investment trust’s stock after purchasing an additional 13,092 shares during the quarter. Strs Ohio’s holdings in Rithm Capital were worth $2,693,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Geneos Wealth Management Inc. boosted its position 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 buying an additional 881 shares during the period. GAMMA Investing LLC boosted its position in shares of Rithm Capital by 19.1% during the second quarter. GAMMA Investing LLC now owns 5,528 shares of the real estate investment trust’s stock worth $62,000 after buying an additional 887 shares during the period. Sheaff Brock Investment Advisors LLC boosted its position in shares of Rithm Capital by 8.8% during the first quarter. Sheaff Brock Investment Advisors LLC now owns 11,725 shares of the real estate investment trust’s stock worth $134,000 after buying an additional 945 shares during the period. Private Advisor Group LLC boosted its position in shares of Rithm Capital by 2.0% during the first quarter. Private Advisor Group LLC now owns 50,461 shares of the real estate investment trust’s stock worth $578,000 after buying an additional 974 shares during the period. Finally, Townsquare Capital LLC boosted its position in shares of Rithm Capital by 3.7% during the first quarter. Townsquare Capital LLC now owns 30,439 shares of the real estate investment trust’s stock worth $349,000 after buying an additional 1,088 shares during the period. 44.92% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Jones Trading reaffirmed a “buy” rating and set a $13.50 price objective on shares of Rithm Capital in a research report on Thursday, October 30th. Wedbush reaffirmed an “outperform” rating and set a $14.00 price objective on shares of Rithm Capital in a research report on Wednesday, August 6th. Royal Bank Of Canada increased their price target on Rithm Capital from $13.00 to $14.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. BTIG Research reissued a “buy” rating and set a $16.00 price target on shares of Rithm Capital in a research report on Wednesday, September 17th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Rithm Capital in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $14.25.

Rithm Capital Stock Performance

Shares of NYSE RITM opened at $11.07 on Tuesday. The stock has a 50 day moving average price of $11.57 and a 200 day moving average price of $11.57. Rithm Capital Corp. has a 52 week low of $9.13 and a 52 week high of $12.74. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.40 and a current ratio of 0.40. The stock has a market capitalization of $5.87 billion, a PE ratio of 7.63 and a beta of 1.30.

Rithm Capital (NYSE:RITM) last issued its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.54 EPS for the quarter, meeting the consensus estimate of $0.54. Rithm Capital had a return on equity of 19.17% and a net margin of 17.08%.The firm had revenue of $314.93 million during the quarter, compared to analysts’ expectations of $1.07 billion. Analysts predict that Rithm Capital Corp. will post 1.93 earnings per share for the current fiscal year.

Rithm Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Wednesday, October 1st were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.0%. The ex-dividend date of this dividend was Wednesday, October 1st. Rithm Capital’s dividend payout ratio (DPR) is presently 68.97%.

Rithm Capital Profile

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.