141,101 Shares in Rithm Capital Corp. (NYSE:RITM) Acquired by Mercer Global Advisors Inc. ADV

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 (NYSE:RITM – Get Rating) last posted its quarterly earnings data on Thursday, May 4th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.03. The firm had revenue of $783.42 million for the quarter, compared to the consensus estimate of $807.88 million. Rithm Capital had a return on equity of 12.41% and a net margin of 9.52%. During the same quarter in the previous year, the business earned $0.37 EPS. Equities analysts forecast that Rithm Capital Corp. will post 1.39 earnings per share for the current year.

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

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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.