Rithm Capital (NYSE:RITM) Director Peggy Hwan Hebard Sells 14,520 Shares of Stock

Key Points

• Director Peggy Hwan Hebard sold 14,520 Rithm Capital shares at an average price of $10.18, generating $147,813.60 and reducing her ownership by 15% to 82,259 shares.
• Rithm Capital reported quarterly EPS of $0.60, beating the $0.50 consensus estimate, while maintaining a quarterly dividend of $0.25 per share, equivalent to a 9.8% annualized yield.
• Analysts maintain a generally positive outlook, with 10 Buy ratings and one Sell rating and a consensus price target of $13.15, compared with the stock’s recent price of $10.20.

Rithm Capital Corp. (NYSE:RITM - Get Free Report) Director Peggy Hwan Hebard sold 14,520 shares of Rithm Capital stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $10.18, for a total value of $147,813.60. Following the completion of the sale, the director owned 82,259 shares in the company, valued at approximately $837,396.62. This trade represents a 15.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Rithm Capital Price Performance

NYSE:RITM traded down $0.06 during trading hours on Tuesday, hitting $10.20. The company's stock had a trading volume of 3,417,779 shares, compared to its average volume of 8,046,801. Rithm Capital Corp. has a 52-week low of $8.43 and a 52-week high of $12.74. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.76 and a current ratio of 0.76. The business's 50-day moving average is $9.59 and its two-hundred day moving average is $9.68. The company has a market capitalization of $5.69 billion, a PE ratio of 16.99 and a beta of 1.14.

Rithm Capital (NYSE:RITM - Get Free Report) last issued its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.60 EPS for the quarter, topping the consensus estimate of $0.50 by $0.10. Rithm Capital had a net margin of 9.20% and a return on equity of 19.86%. As a group, research analysts anticipate that Rithm Capital Corp. will post 2.26 EPS for the current fiscal year.

Rithm Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Thursday, July 2nd were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 9.8%. The ex-dividend date was Thursday, July 2nd. Rithm Capital's dividend payout ratio is presently 166.67%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RITM. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Rithm Capital in the second quarter worth about $22,001,000. California State Teachers Retirement System increased its stake in shares of Rithm Capital by 882.5% in the second quarter. California State Teachers Retirement System now owns 6,104,383 shares of the real estate investment trust's stock worth $57,320,000 after buying an additional 5,483,068 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of Rithm Capital in the second quarter worth $43,000. TD Waterhouse Canada Inc. raised its holdings in Rithm Capital by 3,496.8% in the second quarter. TD Waterhouse Canada Inc. now owns 55,750 shares of the real estate investment trust's stock valued at $521,000 after acquiring an additional 54,200 shares in the last quarter. Finally, NEOS Investment Management LLC raised its holdings in Rithm Capital by 16.4% in the second quarter. NEOS Investment Management LLC now owns 114,591 shares of the real estate investment trust's stock valued at $1,076,000 after acquiring an additional 16,154 shares in the last quarter. Institutional investors and hedge funds own 44.92% of the company's stock.

Analyst Ratings Changes

RITM has been the topic of several research analyst reports. Keefe, Bruyette & Woods decreased their price target on Rithm Capital from $14.00 to $13.00 and set an "outperform" rating on the stock in a research note on Friday, May 1st. Royal Bank Of Canada dropped their price objective on Rithm Capital from $14.00 to $13.00 and set an "outperform" rating for the company in a research note on Friday, May 1st. Weiss Ratings cut Rithm Capital from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, August 11th. JonesTrading reiterated a "buy" rating and set a $13.50 target price on shares of Rithm Capital in a research report on Tuesday, April 28th. Finally, Wedbush lowered their target price on Rithm Capital from $14.00 to $12.50 and set an "outperform" rating on the stock in a report on Friday, May 1st. Ten equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Rithm Capital has an average rating of "Moderate Buy" and a consensus price target of $13.15.

About Rithm Capital

Rithm Capital Corporation is a specialty finance company that originates, acquires and manages structured credit investments collateralized by real estate assets in the United States. The company focuses primarily on senior floating-rate loans secured by multifamily, commercial, industrial and single-family rental properties, aiming to deliver attractive risk-adjusted yields through a diversified portfolio of floating-rate real estate debt.

In addition to senior loans, Rithm Capital invests in residential mortgage-backed securities, including agency and non-agency pools, as well as other real estate-related credit instruments.

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