Altshuler Shaham Ltd Invests $43,000 in Rithm Capital Corp. (NYSE:RITM)

Altshuler Shaham Ltd acquired a new stake in Rithm Capital Corp. (NYSE:RITM) in the 4th quarter, Holdings Channel reports. The fund acquired 4,027 shares of the real estate investment trust’s stock, valued at approximately $43,000.

Other institutional investors also recently bought and sold shares of the company. Parkside Financial Bank & Trust grew its stake in Rithm Capital by 605.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,489 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 2,136 shares during the last quarter. GAMMA Investing LLC purchased a new position in shares of Rithm Capital in the fourth quarter worth about $34,000. Castleview Partners LLC lifted its holdings in shares of Rithm Capital by 690.6% during the third quarter. Castleview Partners LLC now owns 4,016 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 3,508 shares during the period. Harvest Fund Management Co. Ltd purchased a new stake in Rithm Capital in the third quarter valued at approximately $94,000. Finally, Meeder Asset Management Inc. acquired a new position in Rithm Capital in the 4th quarter worth approximately $95,000. 44.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. B. Riley lifted their price objective on shares of Rithm Capital from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. JMP Securities restated a “market outperform” rating and set a $11.00 target price on shares of Rithm Capital in a research report on Thursday, April 18th. Argus increased their price target on Rithm Capital from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Jonestrading boosted 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. Finally, Keefe, Bruyette & Woods lifted their price target on Rithm Capital from $12.00 to $12.50 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $12.05.

Rithm Capital Price Performance

Shares of RITM traded down $0.10 during trading hours on Wednesday, hitting $11.21. 2,383,183 shares of the company were exchanged, compared to its average volume of 3,449,459. The company has a market capitalization of $5.42 billion, a PE ratio of 7.47 and a beta of 1.80. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.30 and a quick ratio of 0.30. The firm has a fifty day simple moving average of $10.99 and a 200-day simple moving average of $10.59. Rithm Capital Corp. has a one year low of $7.80 and a one year high of $11.45.

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

Rithm Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Stockholders of record on Monday, April 1st were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 8.92%. The ex-dividend date of this dividend was Thursday, March 28th. Rithm Capital’s dividend payout ratio is presently 66.67%.

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.