Public Employees Retirement System of Ohio Trims Stock Holdings in Rithm Capital Corp. (NYSE:RITM)

Public Employees Retirement System of Ohio trimmed its holdings in shares of Rithm Capital Corp. (NYSE:RITM - Free Report) by 12.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 178,121 shares of the real estate investment trust's stock after selling 26,363 shares during the period. Public Employees Retirement System of Ohio's holdings in Rithm Capital were worth $1,929,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Neo Ivy Capital Management raised its holdings in shares of Rithm Capital by 59.4% in the fourth quarter. Neo Ivy Capital Management now owns 207,258 shares of the real estate investment trust's stock worth $2,244,000 after buying an additional 77,204 shares during the last quarter. PharVision Advisers LLC acquired a new position in Rithm Capital during the fourth quarter worth about $127,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Rithm Capital by 17.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,381,920 shares of the real estate investment trust's stock worth $14,966,000 after acquiring an additional 208,875 shares during the last quarter. Vident Advisory LLC boosted its holdings in Rithm Capital by 7.3% in the 4th 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 during the last quarter. Finally, Tidal Investments LLC boosted its holdings in Rithm Capital by 6.9% in the 4th quarter. Tidal Investments LLC now owns 19,959 shares of the real estate investment trust's stock valued at $216,000 after purchasing an additional 1,282 shares during the last quarter. 44.92% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

RITM has been the topic of several recent research reports. Piper Sandler raised shares of Rithm Capital from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $12.50 to $14.00 in a research note on Monday, April 28th. Jones Trading restated a "buy" rating and issued a $12.50 price objective on shares of Rithm Capital in a research note on Tuesday, April 29th. 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. BTIG Research reaffirmed a "buy" rating and set a $16.00 price objective on shares of Rithm Capital in a research report on Friday, April 25th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $13.00 target price on shares of Rithm Capital in a research note on Tuesday, May 20th. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Rithm Capital has a consensus rating of "Buy" and an average price target of $13.56.

Rithm Capital Trading Down 0.0%

Rithm Capital stock traded down $0.01 during trading on Thursday, hitting $11.21. The company's stock had a trading volume of 3,861,243 shares, compared to its average volume of 4,048,879. The stock has a market capitalization of $5.94 billion, a price-to-earnings ratio of 6.71 and a beta of 1.32. The stock's fifty day moving average is $10.88 and its 200 day moving average is $11.20. Rithm Capital Corp. has a 1-year low of $9.13 and a 1-year high of $12.20. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.35 and a current ratio of 1.09.

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

Rithm Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 8.92%. The ex-dividend date was Monday, March 31st. Rithm Capital's payout ratio is 83.33%.

Rithm Capital Company 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.