Cruiser Capital Advisors LLC Has $1.25 Million Stake in Rithm Capital Corp. (NYSE:RITM)

Cruiser Capital Advisors LLC raised its holdings in Rithm Capital Corp. (NYSE:RITM) by 204.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 115,600 shares of the real estate investment trust’s stock after acquiring an additional 77,600 shares during the quarter. Rithm Capital comprises approximately 0.7% of Cruiser Capital Advisors LLC’s holdings, making the stock its 18th largest position. Cruiser Capital Advisors LLC’s holdings in Rithm Capital were worth $1,252,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of RITM. Truvestments Capital LLC bought a new position in shares of Rithm Capital in the 3rd quarter valued at approximately $43,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Rithm Capital during the 3rd quarter worth $43,000. Householder Group Estate & Retirement Specialist LLC grew its stake in Rithm Capital by 86.7% in the 4th 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 buying an additional 2,062 shares during the last quarter. FNY Investment Advisers LLC raised its holdings in Rithm Capital by 8,600.0% in the 4th quarter. FNY Investment Advisers LLC now owns 8,700 shares of the real estate investment trust’s stock worth $94,000 after acquiring an additional 8,600 shares during the period. Finally, Whittier Trust Co. lifted its position in Rithm Capital by 1,860.7% during the 4th quarter. Whittier Trust Co. now owns 10,274 shares of the real estate investment trust’s stock worth $111,000 after acquiring an additional 9,750 shares during the last quarter. 44.92% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on RITM shares. Piper Sandler lifted their price objective on Rithm Capital from $11.50 to $12.50 and gave the stock a “neutral” rating in a research note on Friday, February 7th. Keefe, Bruyette & Woods upped their price target on Rithm Capital from $13.00 to $13.50 and gave the stock 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. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $12.50 target price on shares of Rithm Capital in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $13.25.

Rithm Capital Stock Performance

NYSE:RITM opened at $11.81 on Tuesday. The firm has a market capitalization of $6.15 billion, a PE ratio of 7.07 and a beta of 1.83. The company has a quick ratio of 1.35, a current ratio of 1.09 and a debt-to-equity ratio of 1.74. Rithm Capital Corp. has a 12-month low of $10.38 and a 12-month high of $12.20. The firm has a 50-day moving average price of $11.66 and a 200 day moving average price of $11.23.

Rithm Capital (NYSE:RITM) last issued its earnings results on Thursday, February 6th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 anticipate that Rithm Capital Corp. will post 1.93 earnings per share for the current fiscal year.

Rithm Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.47%. The ex-dividend date of this dividend is Monday, March 31st. Rithm Capital’s dividend payout ratio (DPR) is currently 59.88%.

Rithm Capital 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.