Lineweaver Wealth Advisors LLC Cuts Stock Holdings in Rithm Capital Corp. (NYSE:RITM)

Lineweaver Wealth Advisors LLC lessened its position in Rithm Capital Corp. (NYSE:RITM) by 24.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 85,230 shares of the real estate investment trust’s stock after selling 27,818 shares during the quarter. Lineweaver Wealth Advisors LLC’s holdings in Rithm Capital were worth $923,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in RITM. Truvestments Capital LLC acquired a new position in Rithm Capital in the 3rd quarter valued at $43,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Rithm Capital during the third quarter worth $43,000. Householder Group Estate & Retirement Specialist LLC raised 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 buying 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 fourth quarter. FNY Investment Advisers LLC now owns 8,700 shares of the real estate investment trust’s stock worth $94,000 after buying an additional 8,600 shares in the last quarter. Finally, Allworth Financial LP lifted its stake in shares of Rithm Capital by 281.2% in the third quarter. Allworth Financial LP now owns 8,695 shares of the real estate investment trust’s stock worth $99,000 after buying an additional 6,414 shares in the last quarter. 44.92% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on the stock. B. Riley upgraded shares of Rithm Capital to a “strong-buy” rating in a report on Tuesday, January 7th. JMP Securities reaffirmed a “market outperform” rating and issued a $12.50 price target on shares of Rithm Capital in a report on Thursday, January 23rd. Wedbush reiterated an “outperform” rating and set a $14.00 price objective on shares of Rithm Capital in a research report on Thursday, November 7th. Keefe, Bruyette & Woods upped their target price on Rithm Capital from $13.00 to $13.50 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $13.00 price target on shares of Rithm Capital in a report on Thursday, November 21st. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $13.07.

Rithm Capital Trading Up 0.7 %

RITM opened at $12.03 on Thursday. The stock has a market capitalization of $6.26 billion, a PE ratio of 7.20 and a beta of 1.79. Rithm Capital Corp. has a one year low of $10.38 and a one year high of $12.10. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.35 and a current ratio of 1.09. The business’s 50 day moving average price is $11.36 and its 200 day moving average price is $11.20.

Rithm Capital (NYSE:RITM) last announced its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $0.60 EPS for the quarter, beating 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%. As a group, equities research analysts expect that Rithm Capital Corp. will post 1.93 EPS for the current year.

Rithm Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 8.32%. The ex-dividend date of this dividend was Tuesday, December 31st. Rithm Capital’s dividend payout ratio (DPR) is presently 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.