Rithm Capital Corp. (NYSE:RITM) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio reduced its position in Rithm Capital Corp. (NYSE:RITM - Free Report) by 12.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 178,121 shares of the real estate investment trust's stock after selling 26,363 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Rithm Capital were worth $1,929,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Quarry LP increased its position in shares of Rithm Capital by 47.5% in the fourth quarter. Quarry LP now owns 4,118 shares of the real estate investment trust's stock valued at $45,000 after acquiring an additional 1,327 shares during the period. Quadrant Capital Group LLC grew its stake in shares of Rithm Capital by 35.2% in the fourth quarter. Quadrant Capital Group LLC now owns 4,655 shares of the real estate investment trust's stock worth $50,000 after acquiring an additional 1,211 shares during the last quarter. C M Bidwell & Associates Ltd. purchased a new position in Rithm Capital in the fourth quarter worth about $81,000. Whittier Trust Co. increased its position in shares of Rithm Capital by 1,860.7% during the fourth quarter. Whittier Trust Co. now owns 10,274 shares of the real estate investment trust's stock valued at $111,000 after acquiring an additional 9,750 shares in the last quarter. Finally, Perigon Wealth Management LLC purchased a new position in shares of Rithm Capital in the fourth quarter worth $120,000. 44.92% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. UBS Group reduced their price target on shares of Rithm Capital from $14.00 to $13.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Royal Bank of Canada reissued an "outperform" rating and issued a $13.00 target price on shares of Rithm Capital in a report on Tuesday, May 20th. Piper Sandler raised Rithm Capital from a "neutral" rating to an "overweight" rating and increased their price target for the company from $12.50 to $14.00 in a research note on Monday, April 28th. Wedbush restated an "outperform" rating and set a $14.00 target price on shares of Rithm Capital in a research report on Monday, May 19th. Finally, Jones Trading reaffirmed a "buy" rating and set a $12.50 price objective on shares of Rithm Capital in a research note on Tuesday, April 29th. Eight investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $13.56.

Rithm Capital Trading Up 0.3%

NYSE:RITM traded up $0.04 during midday trading on Thursday, hitting $11.25. The stock had a trading volume of 531,131 shares, compared to its average volume of 4,027,257. The company has a quick ratio of 1.35, a current ratio of 1.09 and a debt-to-equity ratio of 1.74. The company has a market capitalization of $5.96 billion, a price-to-earnings ratio of 6.73 and a beta of 1.32. The stock has a 50-day moving average of $10.88 and a 200 day moving average of $11.20. Rithm Capital Corp. has a one year low of $9.13 and a one year high of $12.20.

Rithm Capital (NYSE:RITM - Get Free Report) last announced its earnings results on Friday, April 25th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.07. The company had revenue of $28.89 million for the quarter, compared to analyst estimates of $1.27 billion. Rithm Capital had a return on equity of 18.15% and a net margin of 17.79%. During the same period in the prior year, the company posted $0.48 EPS. As a group, sell-side analysts forecast that Rithm Capital Corp. will post 1.93 EPS for the current year.

Rithm Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 8.89%. The ex-dividend date of this dividend was Monday, March 31st. Rithm Capital's dividend payout ratio is presently 83.33%.

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.