246,500 Shares in Rithm Capital Corp. $RITM Bought by Louisiana State Employees Retirement System

Posted by Geri Gentry on Jun 30th, 2026

Louisiana State Employees Retirement System purchased a new position in Rithm Capital Corp. (NYSE:RITM – Free Report) in the first quarter, Holdings Channel.com reports. The firm purchased 246,500 shares of the real estate investment trust’s stock, valued at approximately $2,337,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. AQR Capital Management LLC boosted its stake in shares of Rithm Capital by 20.4% in the first quarter. AQR Capital Management LLC now owns 77,625 shares of the real estate investment trust’s stock worth $889,000 after acquiring an additional 13,166 shares during the period. NewEdge Advisors LLC raised its stake in Rithm Capital by 5.3% during the 1st quarter. NewEdge Advisors LLC now owns 31,311 shares of the real estate investment trust’s stock valued at $359,000 after purchasing an additional 1,585 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Rithm Capital by 75.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,539,483 shares of the real estate investment trust’s stock worth $17,627,000 after purchasing an additional 662,585 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in Rithm Capital by 14.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 7,031 shares of the real estate investment trust’s stock worth $81,000 after purchasing an additional 881 shares during the period. Finally, M&T Bank Corp boosted its stake in Rithm Capital by 13.9% in the 2nd quarter. M&T Bank Corp now owns 26,173 shares of the real estate investment trust’s stock worth $296,000 after purchasing an additional 3,200 shares during the period. 44.92% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on RITM. JonesTrading reissued a “buy” rating and issued a $13.50 target price on shares of Rithm Capital in a report on Tuesday, April 28th. Citizens Jmp lifted their price target on shares of Rithm Capital from $12.50 to $13.50 and gave the company a “market outperform” rating in a report on Wednesday, May 20th. Capital One Financial set a $12.50 price target on shares of Rithm Capital in a research note on Thursday, April 9th. Keefe, Bruyette & Woods dropped their price objective on shares of Rithm Capital from $14.00 to $13.00 and set an “outperform” rating for the company in a report on Friday, May 1st. Finally, Citigroup reaffirmed an “outperform” rating on shares of Rithm Capital in a report on Wednesday, May 20th. Ten research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $13.35.

View Our Latest Analysis on Rithm Capital

Rithm Capital Trading Up 0.4%

Shares of RITM opened at $9.42 on Tuesday. The stock has a market capitalization of $5.26 billion, a PE ratio of 8.64 and a beta of 1.14. The company’s fifty day moving average is $9.45 and its 200 day moving average is $10.14. The company has a debt-to-equity ratio of 4.02, a quick ratio of 1.28 and a current ratio of 1.28. Rithm Capital Corp. has a fifty-two week low of $8.43 and a fifty-two week high of $12.74.

Rithm Capital (NYSE:RITM – Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.51 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.02). Rithm Capital had a net margin of 14.44% and a return on equity of 19.48%. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.27 billion. Sell-side analysts expect that Rithm Capital Corp. will post 2.27 earnings per share for the current fiscal year.

Rithm Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Thursday, July 2nd will be given a $0.25 dividend. The ex-dividend date is Thursday, July 2nd. This represents a $1.00 annualized dividend and a yield of 10.6%. Rithm Capital’s dividend payout ratio (DPR) is currently 91.74%.

Insider Buying and Selling

In other Rithm Capital news, Director David Saltzman sold 80,922 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $9.25, for a total transaction of $748,528.50. Following the sale, the director directly owned 44,248 shares of the company’s stock, valued at $409,294. The trade was a 64.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.57% of the company’s stock.

About Rithm Capital

(Free Report)

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.