Rithm Capital (NYSE:RITM) Director Peggy Hwan Hebard Sells 14,520 Shares

Rithm Capital Corp. (NYSE:RITM) Director Peggy Hwan Hebard sold 14,520 shares of the stock in a transaction 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 completion of the sale, the director owned 82,259 shares in the company, valued at $837,396.62. This trade represents a 15.00% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Rithm Capital Stock Performance

Shares of RITM opened at $10.20 on Wednesday. The stock has a 50-day moving average price of $9.61 and a 200-day moving average price of $9.67. The company has a market cap of $5.69 billion, a PE ratio of 16.99 and a beta of 1.14. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.19. Rithm Capital Corp. has a 12-month low of $8.43 and a 12-month high of $12.74.

Rithm Capital (NYSE:RITM) last announced its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.10. Rithm Capital had a net margin of 9.20% and a return on equity of 19.86%. As a group, equities analysts forecast that Rithm Capital Corp. will post 2.26 earnings per share for the current fiscal year.

Rithm Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Thursday, July 2nd were given a $0.25 dividend. The ex-dividend date was Thursday, July 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 9.8%. Rithm Capital’s payout ratio is presently 166.67%.

Institutional Investors Weigh In On Rithm Capital

Several hedge funds have recently bought and sold shares of RITM. Los Angeles Capital Management LLC purchased a new position in shares of Rithm Capital during the fourth quarter valued at approximately $26,000. Garton & Associates Financial Advisors LLC bought a new stake in shares of Rithm Capital in the 4th quarter worth approximately $31,000. Altshuler Shaham Ltd grew its stake in shares of Rithm Capital by 100.0% in 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 last quarter. Torren Management LLC purchased a new stake in shares of Rithm Capital in the 4th quarter worth approximately $35,000. Finally, Bogart Wealth LLC increased its position in Rithm Capital by 108.5% during the 1st quarter. Bogart Wealth LLC now owns 4,120 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 2,144 shares in the last quarter. Institutional investors own 44.92% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Keefe, Bruyette & Woods reduced 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 reduced their target price on Rithm Capital from $14.00 to $12.50 and set an “outperform” rating on the stock in a research note on Friday, May 1st. Citizens Jmp upped their target price on Rithm Capital from $12.50 to $13.50 and gave the company a “market outperform” rating in a report on Wednesday, May 20th. Piper Sandler cut their price target on shares of Rithm Capital from $14.00 to $12.50 and set an “overweight” rating on the stock in a report on Thursday, July 2nd. Finally, Citigroup reaffirmed an “outperform” rating on shares of Rithm Capital in a research note on Wednesday, May 20th. Ten investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $13.15.

Rithm Capital Company Profile

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.