Rithm Capital Corp. (NYSE:RITM – Get Free Report) Director Peggy Hwan Hebard sold 14,520 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $10.18, for a total value of $147,813.60. Following the sale, the director directly owned 82,259 shares of the company’s stock, valued at $837,396.62. The trade was a 15.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Rithm Capital Trading Down 0.8%
Shares of RITM stock opened at $10.09 on Thursday. Rithm Capital Corp. has a 12 month low of $8.43 and a 12 month high of $12.74. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.19. The business’s 50 day moving average is $9.62 and its two-hundred day moving average is $9.67. The company has a market cap of $5.63 billion, a PE ratio of 16.82 and a beta of 1.14.
Rithm Capital (NYSE:RITM – Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.10. Rithm Capital had a net margin of 9.20% and a return on equity of 19.86%. Equities analysts predict that Rithm Capital Corp. will post 2.26 EPS for the current year.
Rithm Capital Dividend Announcement
Analysts Set New Price Targets
Several brokerages have recently issued reports on RITM. Keefe, Bruyette & Woods lowered their price target on Rithm Capital from $14.00 to $13.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Wedbush decreased their target price on Rithm Capital from $14.00 to $12.50 and set an “outperform” rating for the company in a research note on Friday, May 1st. Citigroup reaffirmed an “outperform” rating on shares of Rithm Capital in a report on Wednesday, May 20th. Royal Bank Of Canada dropped their price target on Rithm Capital from $14.00 to $13.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Finally, Citizens Jmp upped their price target on Rithm Capital from $12.50 to $13.50 and gave the stock a “market outperform” rating in a report on Wednesday, May 20th. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Rithm Capital has a consensus rating of “Moderate Buy” and a consensus target price of $13.15.
View Our Latest Stock Analysis on RITM
Institutional Investors Weigh In On Rithm Capital
Institutional investors have recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC bought a new stake in shares of Rithm Capital in the 4th quarter worth approximately $26,000. Garton & Associates Financial Advisors LLC bought a new stake in shares of Rithm Capital during the fourth quarter valued at approximately $31,000. Altshuler Shaham Ltd increased its position in shares of Rithm Capital by 100.0% during the first quarter. Altshuler Shaham Ltd now owns 3,600 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 1,800 shares during the period. Torren Management LLC acquired a new position in shares of Rithm Capital in the fourth quarter valued at $35,000. Finally, Bogart Wealth LLC raised its stake in shares of Rithm Capital by 108.5% in the first quarter. Bogart Wealth LLC now owns 4,120 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 2,144 shares in the last quarter. 44.92% of the stock is owned by institutional investors and hedge funds.
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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