Rithm Capital Corp. $RITM Shares Purchased by PharVision Advisers LLC

Key Points

• PharVision Advisers LLC increased its stake in Rithm Capital Corp. by 288.6%, now holding 45,505 shares valued at $521,000, marking it as their 13th largest investment.
• Rithm Capital recently reported earnings of $0.54 per share, exceeding expectations and highlighting a net margin of 16.72% and revenue of $1.22 billion for the quarter.
• The company declared a quarterly dividend of $0.25 per share, translating to a 7.9% dividend yield based on an annualized payout of $1.00.

PharVision Advisers LLC raised its stake in Rithm Capital Corp. (NYSE:RITM - Free Report) by 288.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,505 shares of the real estate investment trust's stock after acquiring an additional 33,795 shares during the period. Rithm Capital makes up 0.7% of PharVision Advisers LLC's portfolio, making the stock its 13th biggest position. PharVision Advisers LLC's holdings in Rithm Capital were worth $521,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the company. 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 acquiring an additional 945 shares during the last quarter. Private Advisor Group LLC lifted its stake in Rithm Capital by 2.0% in the 1st quarter. Private Advisor Group LLC now owns 50,461 shares of the real estate investment trust's stock worth $578,000 after purchasing an additional 974 shares in the last quarter. Fourth Dimension Wealth LLC boosted its holdings in shares of Rithm Capital by 50.0% during the 1st quarter. Fourth Dimension Wealth LLC now owns 3,000 shares of the real estate investment trust's stock valued at $34,000 after purchasing an additional 1,000 shares during the last quarter. Vident Advisory LLC grew its position in shares of Rithm Capital by 7.3% during the fourth quarter. Vident Advisory LLC now owns 15,509 shares of the real estate investment trust's stock valued at $168,000 after purchasing an additional 1,051 shares in the last quarter. Finally, Townsquare Capital LLC increased its holdings in shares of Rithm Capital by 3.7% in the first quarter. Townsquare Capital LLC now owns 30,439 shares of the real estate investment trust's stock worth $349,000 after purchasing an additional 1,088 shares during the last quarter. 44.92% of the stock is owned by hedge funds and other institutional investors.

Rithm Capital Price Performance

Shares of Rithm Capital stock traded up $0.04 during trading hours on Tuesday, reaching $12.54. The stock had a trading volume of 4,188,363 shares, compared to its average volume of 4,965,480. Rithm Capital Corp. has a twelve month low of $9.13 and a twelve month high of $12.74. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 1.63. The firm has a market capitalization of $6.65 billion, a PE ratio of 9.65 and a beta of 1.30. The stock's 50 day moving average is $12.16 and its 200 day moving average is $11.53.

Rithm Capital (NYSE:RITM - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.03. Rithm Capital had a return on equity of 18.89% and a net margin of 16.72%.The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.18 billion. Equities analysts expect that Rithm Capital Corp. will post 1.93 earnings per share for the current fiscal year.

Rithm Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 30th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 8.0%. The ex-dividend date was Monday, June 30th. Rithm Capital's dividend payout ratio (DPR) is presently 76.92%.

Analyst Ratings Changes

A number of research firms have recently weighed in on RITM. Jones Trading boosted their target price on shares of Rithm Capital from $12.50 to $13.50 and gave the stock a "buy" rating in a report on Tuesday, July 29th. Wedbush reiterated an "outperform" rating and issued a $14.00 price target on shares of Rithm Capital in a 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 note on Friday, August 1st. UBS Group lifted their target price on Rithm Capital from $14.00 to $16.00 and gave the stock a "buy" rating in a report on Wednesday, September 3rd. Finally, Keefe, Bruyette & Woods increased their price target on shares of Rithm Capital from $13.50 to $14.00 and gave the stock an "outperform" rating in a report on Tuesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company's stock. According to data from MarketBeat, Rithm Capital currently has an average rating of "Buy" and an average price target of $14.25.

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.