HUB Investment Partners LLC Purchases 19,186 Shares of Rithm Capital Corp. (NYSE:RITM)

HUB Investment Partners LLC increased its holdings in shares of Rithm Capital Corp. (NYSE:RITM) by 118.2% in the fourth quarter, HoldingsChannel reports. The firm owned 35,413 shares of the real estate investment trust’s stock after buying an additional 19,186 shares during the period. HUB Investment Partners LLC’s holdings in Rithm Capital were worth $384,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Truvestments Capital LLC bought a new position in Rithm Capital in the 3rd quarter valued at about $43,000. Wilmington Savings Fund Society FSB bought a new position in Rithm Capital during the 3rd quarter worth $43,000. Householder Group Estate & Retirement Specialist LLC boosted its position in shares of Rithm Capital by 86.7% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 4,439 shares of the real estate investment trust’s stock valued at $48,000 after acquiring an additional 2,062 shares during the period. FNY Investment Advisers LLC grew its stake in shares of Rithm Capital by 8,600.0% in the fourth quarter. FNY Investment Advisers LLC now owns 8,700 shares of the real estate investment trust’s stock valued at $94,000 after acquiring an additional 8,600 shares in the last quarter. Finally, Periscope Capital Inc. bought a new position in Rithm Capital during the third quarter worth about $114,000. Institutional investors and hedge funds own 44.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on RITM shares. Keefe, Bruyette & Woods boosted their price objective on shares of Rithm Capital from $13.00 to $13.50 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. B. Riley raised Rithm Capital to a “strong-buy” rating in a research report on Tuesday, January 7th. JMP Securities restated a “market outperform” rating and set a $12.50 price objective on shares of Rithm Capital in a research note on Thursday, January 23rd. Finally, Piper Sandler increased their target price on Rithm Capital from $11.50 to $12.50 and gave the stock a “neutral” rating in a report on Friday, February 7th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $13.25.

Rithm Capital Stock Down 2.1 %

Shares of RITM opened at $11.59 on Friday. The firm has a 50 day simple moving average of $11.64 and a two-hundred day simple moving average of $11.23. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.09 and a quick ratio of 1.35. Rithm Capital Corp. has a one year low of $10.38 and a one year high of $12.20. The company has a market cap of $6.03 billion, a P/E ratio of 6.94 and a beta of 1.83.

Rithm Capital (NYSE:RITM) last announced its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.16. Rithm Capital had a return on equity of 18.15% and a net margin of 17.79%. Research analysts forecast that Rithm Capital Corp. will post 1.93 EPS for the current fiscal year.

Rithm Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 8.63%. Rithm Capital’s dividend payout ratio (DPR) is presently 59.88%.

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.