Rithm Capital Corp. (NYSE:RITM) Shares Bought by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina grew its holdings in Rithm Capital Corp. (NYSE:RITMFree Report) by 4.2% during the 4th quarter, Holdings Channel reports. The firm owned 220,466 shares of the real estate investment trust’s stock after buying an additional 8,889 shares during the period. Treasurer of the State of North Carolina’s holdings in Rithm Capital were worth $2,355,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of RITM. Parkside Financial Bank & Trust grew its holdings in Rithm Capital by 605.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,489 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 2,136 shares during the last quarter. American National Bank acquired a new position in Rithm Capital in the 4th quarter valued at about $27,000. GAMMA Investing LLC purchased a new position in Rithm Capital in the 4th quarter valued at about $34,000. Altshuler Shaham Ltd acquired a new stake in shares of Rithm Capital during the 4th quarter worth about $43,000. Finally, Cape Investment Advisory Inc. purchased a new stake in shares of Rithm Capital during the fourth quarter worth about $71,000. 44.92% of the stock is owned by hedge funds and other institutional investors.

Rithm Capital Stock Down 0.8 %

RITM opened at $11.20 on Friday. Rithm Capital Corp. has a 1 year low of $8.80 and a 1 year high of $11.60. The firm has a 50 day moving average price of $11.07 and a 200 day moving average price of $10.83. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 0.29. The company has a market cap of $5.41 billion, a PE ratio of 7.46 and a beta of 1.80.

Rithm Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 26th. Stockholders of record on Monday, April 1st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.93%. The ex-dividend date of this dividend was Thursday, March 28th. Rithm Capital’s dividend payout ratio is presently 66.67%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on RITM shares. Piper Sandler upped their price objective on shares of Rithm Capital from $10.50 to $12.50 and gave the company a “neutral” rating in a research note on Tuesday, May 14th. Keefe, Bruyette & Woods increased their price target on Rithm Capital from $12.00 to $12.50 and gave the stock an “outperform” rating in a research note on Thursday, May 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $12.00 price objective on shares of Rithm Capital in a research report on Monday, April 1st. JMP Securities reiterated a “market outperform” rating and set a $11.00 target price on shares of Rithm Capital in a research report on Thursday, April 18th. Finally, B. Riley restated a “buy” rating and issued a $14.00 price target (up previously from $13.00) on shares of Rithm Capital in a report on Friday, May 10th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Rithm Capital presently has an average rating of “Moderate Buy” and a consensus target price of $12.32.

Read Our Latest Report on Rithm Capital

About Rithm Capital

(Free Report)

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.

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Institutional Ownership by Quarter for Rithm Capital (NYSE:RITM)

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