Rithm Capital Corp. (NYSE:RITM – Get Free Report) Director David Saltzman sold 80,922 shares of Rithm Capital stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $9.25, for a total transaction of $748,528.50. Following the completion of the transaction, the director owned 44,248 shares of the company’s stock, valued at $409,294. This trade represents a 64.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Rithm Capital Price Performance
Rithm Capital stock opened at $9.27 on Friday. The business’s fifty day moving average is $9.59 and its two-hundred day moving average is $10.50. The firm has a market cap of $5.17 billion, a P/E ratio of 8.50 and a beta of 1.17. 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 52 week low of $8.43 and a 52 week high of $12.74.
Rithm Capital (NYSE:RITM – Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.02). Rithm Capital had a return on equity of 19.48% and a net margin of 14.44%.The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.27 billion. Equities research analysts forecast that Rithm Capital Corp. will post 2.27 earnings per share for the current fiscal year.
Rithm Capital Announces Dividend
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. Western Wealth Management LLC bought a new position in Rithm Capital in the 1st quarter valued at about $62,000. Janus Henderson Group PLC lifted its stake in shares of Rithm Capital by 15.6% in the 1st quarter. Janus Henderson Group PLC now owns 259,927 shares of the real estate investment trust’s stock valued at $2,465,000 after acquiring an additional 35,000 shares during the last quarter. Arkadios Wealth Advisors bought a new position in Rithm Capital in the first quarter valued at about $206,000. Altshuler Shaham Ltd boosted its position in Rithm Capital by 100.0% during the 1st quarter. Altshuler Shaham Ltd now owns 3,600 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 1,800 shares during the period. Finally, Amundi grew its stake in shares of Rithm Capital by 261.1% in the first quarter. Amundi now owns 65,992 shares of the real estate investment trust’s stock worth $626,000 after purchasing an additional 47,716 shares during the last quarter. Institutional investors own 44.92% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on RITM shares. Citigroup reiterated an “outperform” rating on shares of Rithm Capital in a report on Wednesday. Piper Sandler dropped their price objective on shares of Rithm Capital from $15.00 to $14.00 and set an “overweight” rating on the stock in a report on Thursday, April 2nd. Keefe, Bruyette & Woods lowered their target price on Rithm Capital from $14.00 to $13.00 and set an “outperform” rating for the company in a report on Friday, May 1st. Royal Bank Of Canada lowered their price objective on shares of Rithm Capital from $14.00 to $13.00 and set an “outperform” rating on the stock in a report on Friday, May 1st. Finally, Wedbush lowered their price target on Rithm Capital from $14.00 to $12.50 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Nine analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $13.61.
View Our Latest Stock Report on RITM
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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