Cwm LLC Sells 1,085 Shares of Rithm Capital Corp. (NYSE:RITM)

Cwm LLC reduced its stake in shares of Rithm Capital Corp. (NYSE:RITM) by 9.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 9,895 shares of the real estate investment trust’s stock after selling 1,085 shares during the period. Cwm LLC’s holdings in Rithm Capital were worth $106,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RITM. Castleview Partners LLC boosted its holdings in shares of Rithm Capital by 690.6% in the 3rd quarter. Castleview Partners LLC now owns 4,016 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 3,508 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of Rithm Capital in the 3rd quarter worth about $94,000. Meeder Asset Management Inc. purchased a new position in shares of Rithm Capital in the 4th quarter worth about $95,000. Fox Run Management L.L.C. purchased a new position in shares of Rithm Capital in the 3rd quarter worth about $103,000. Finally, Prime Capital Investment Advisors LLC purchased a new position in shares of Rithm Capital in the 3rd quarter worth about $114,000. 44.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $12.00 price objective on shares of Rithm Capital in a report on Monday, April 1st. JMP Securities reiterated a “market outperform” rating and issued a $11.00 price objective on shares of Rithm Capital in a report on Thursday, April 18th. Argus increased their target price on Rithm Capital from $11.00 to $12.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Jonestrading increased their target price on Rithm Capital from $11.00 to $12.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. Finally, B. Riley increased their target price on Rithm Capital from $12.00 to $13.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $12.05.

Rithm Capital Trading Down 0.0 %

RITM opened at $11.32 on Tuesday. The business has a 50 day simple moving average of $10.96 and a two-hundred day simple moving average of $10.57. The firm has a market capitalization of $5.47 billion, a price-to-earnings ratio of 7.54 and a beta of 1.80. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.30 and a quick ratio of 0.30. Rithm Capital Corp. has a one year low of $7.80 and a one year high of $11.45.

Rithm Capital (NYSE:RITM) last released its quarterly earnings results on Wednesday, February 7th. The real estate investment trust reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.16. The business had revenue of $709.47 million during the quarter, compared to analyst estimates of $887.04 million. Rithm Capital had a return on equity of 19.38% and a net margin of 19.77%. During the same quarter in the prior year, the company posted $0.33 EPS. Analysts predict that Rithm Capital Corp. will post 1.69 EPS for the current year.

Rithm Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Monday, April 1st were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 8.84%. The ex-dividend date was Thursday, March 28th. Rithm Capital’s payout ratio is 66.67%.

About Rithm Capital

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.