Teacher Retirement System of Texas Has $3.75 Million Stock Position in Rithm Capital Corp. (NYSE:RITM)

Teacher Retirement System of Texas reduced its holdings in shares of Rithm Capital Corp. (NYSE:RITM - Free Report) by 26.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 327,661 shares of the real estate investment trust's stock after selling 119,872 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.06% of Rithm Capital worth $3,752,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. 1620 Investment Advisors Inc. grew its stake in shares of Rithm Capital by 2.1% in the fourth quarter. 1620 Investment Advisors Inc. now owns 46,035 shares of the real estate investment trust's stock valued at $499,000 after buying an additional 960 shares in the last quarter. Fourth Dimension Wealth LLC grew its stake in shares of Rithm Capital by 50.0% in the first quarter. Fourth Dimension Wealth LLC now owns 3,000 shares of the real estate investment trust's stock valued at $34,000 after buying an additional 1,000 shares in the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of Rithm Capital by 2.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 35,792 shares of the real estate investment trust's stock valued at $388,000 after buying an additional 1,016 shares in the last quarter. Vident Advisory LLC grew its stake in shares of Rithm Capital by 7.3% in the fourth quarter. Vident Advisory LLC now owns 15,509 shares of the real estate investment trust's stock valued at $168,000 after buying an additional 1,051 shares in the last quarter. Finally, Sowell Financial Services LLC grew its stake in shares of Rithm Capital by 3.2% in the first quarter. Sowell Financial Services LLC now owns 35,680 shares of the real estate investment trust's stock valued at $409,000 after buying an additional 1,108 shares in the last quarter. 44.92% of the stock is owned by institutional investors.

Rithm Capital Stock Performance

Shares of RITM traded up $0.04 during midday trading on Thursday, reaching $11.76. 2,758,867 shares of the stock were exchanged, compared to its average volume of 4,165,995. Rithm Capital Corp. has a twelve month low of $9.13 and a twelve month high of $12.20. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 1.68. The company has a market cap of $6.23 billion, a P/E ratio of 9.80 and a beta of 1.25. The stock's 50 day simple moving average is $11.36 and its 200 day simple moving average is $11.27.

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 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.07. Rithm Capital had a return on equity of 18.38% and a net margin of 15.06%. The business 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 firm earned $0.48 earnings per share. On average, sell-side analysts expect that Rithm Capital Corp. will post 1.93 earnings per share for the current year.

Rithm Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 8.51%. The ex-dividend date of this dividend is Monday, June 30th. Rithm Capital's dividend payout ratio is presently 83.33%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on RITM shares. BTIG Research reaffirmed a "buy" rating and set a $16.00 price target on shares of Rithm Capital in a report on Friday, April 25th. Jones Trading reaffirmed a "buy" rating and set a $12.50 price target on shares of Rithm Capital in a report on Tuesday, April 29th. Wedbush reaffirmed an "outperform" rating and set a $14.00 price target on shares of Rithm Capital in a report on Monday, May 19th. UBS Group cut their price target on Rithm Capital from $14.00 to $13.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Finally, Piper Sandler raised Rithm Capital from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $12.50 to $14.00 in a report on Monday, April 28th. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Rithm Capital has an average rating of "Buy" and a consensus price target of $13.56.

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.