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

HUB Investment Partners LLC increased its position in Rithm Capital Corp. (NYSE:RITM) by 118.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,413 shares of the real estate investment trust’s stock after purchasing an additional 19,186 shares during the quarter. HUB Investment Partners LLC’s holdings in Rithm Capital were worth $384,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. B. Riley raised Rithm Capital to a “strong-buy” rating in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods lifted their price objective on shares of Rithm Capital from $13.00 to $13.50 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. JMP Securities restated a “market outperform” rating and set a $12.50 price objective on shares of Rithm Capital in a report on Thursday, January 23rd. Finally, Piper Sandler increased their target price on shares of Rithm Capital from $11.50 to $12.50 and gave the stock a “neutral” rating in a report on Friday, February 7th. One investment 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 MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $13.25.

Rithm Capital Price Performance

RITM stock opened at $11.59 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.35 and a debt-to-equity ratio of 1.74. The stock has a market cap of $6.03 billion, a PE ratio of 6.94 and a beta of 1.83. Rithm Capital Corp. has a 1 year low of $10.38 and a 1 year high of $12.20. The stock has a 50-day moving average price of $11.64 and a two-hundred day moving average price of $11.23.

Rithm Capital (NYSE:RITM) last released its earnings results on Thursday, February 6th. The real estate investment trust reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.16. Rithm Capital had a net margin of 17.79% and a return on equity of 18.15%. Equities 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 given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a 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.