Mercer Global Advisors Inc. ADV purchased a new position in shares of Rithm Capital Corp. (NYSE:RITM – Get Rating) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 141,101 shares of the real estate investment trust’s stock, valued at approximately $1,153,000.
Other large investors have also recently made changes to their positions in the company. Russell Investments Group Ltd. acquired a new position in Rithm Capital during the fourth quarter worth $63,000. Bleakley Financial Group LLC acquired a new position in Rithm Capital during the fourth quarter worth $84,000. Coastal Bridge Advisors LLC acquired a new position in Rithm Capital during the fourth quarter worth $86,000. Worth Asset Management LLC acquired a new position in Rithm Capital during the first quarter worth $86,000. Finally, MetLife Investment Management LLC acquired a new position in Rithm Capital during the first quarter worth $95,000. 47.30% of the stock is currently owned by hedge funds and other institutional investors.
Rithm Capital Stock Performance
Shares of Rithm Capital stock opened at $8.24 on Friday. Rithm Capital Corp. has a 52 week low of $6.86 and a 52 week high of $11.52. The business’s fifty day simple moving average is $7.93 and its 200-day simple moving average is $8.56. The firm has a market cap of $3.98 billion, a PE ratio of 14.71 and a beta of 1.79. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.10.
Rithm Capital Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 28th. Investors of record on Friday, March 31st were issued a $0.25 dividend. The ex-dividend date was Thursday, March 30th. This represents a $1.00 annualized dividend and a dividend yield of 12.14%. Rithm Capital’s dividend payout ratio is presently 178.57%.
Analyst Upgrades and Downgrades
Separately, JMP Securities decreased their price target on Rithm Capital from $11.00 to $9.00 and set an “outperform” rating on the stock in a research note on Friday, April 21st. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $10.50.
Rithm Capital Company Profile
Rithm Capital Corp. is a real estate investment trust, which aims to generate long-term value for investors by investing in mortgage related assets, including operating companies, that offer attractive risk-adjusted returns. It operates through the following segments: Origination, Servicing, MSR Related Investments, Residential Securities, Properties and Loans, Consumer Loans, Mortgage Loans Receivables, and Corporate.
- Get a free copy of the StockNews.com research report on Rithm Capital (RITM)
- It’s Time To Take Another Bite Of Take-Two Interactive
- Zoetis Declares New Dividend, Hinting At Undervaluation
- Good News For Walmart Isn’t So Great For Everybody Else
- Eagle Materials, Answering America’s Building Supply Needs
- Pharma Giants Novartis, Lilly, Merck, and Novo Outperform Market
Want to see what other hedge funds are holding RITM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rithm Capital Corp. (NYSE:RITM – Get Rating).
Receive News & Ratings for Rithm Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rithm Capital and related companies with MarketBeat.com's FREE daily email newsletter.