Rithm Capital (NYSE:RITM) Director Peggy Hwan Hebard Sells 14,520 Shares of Stock

Rithm Capital Corp. (NYSE:RITM) Director Peggy Hwan Hebard sold 14,520 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $10.18, for a total value of $147,813.60. Following the transaction, the director directly owned 82,259 shares in the company, valued at approximately $837,396.62. This represents a 15.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Rithm Capital Stock Performance

Rithm Capital stock traded down $0.06 during mid-day trading on Tuesday, reaching $10.20. The company’s stock had a trading volume of 3,417,779 shares, compared to its average volume of 8,046,801. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.19. Rithm Capital Corp. has a twelve month low of $8.43 and a twelve month high of $12.74. The business has a 50 day moving average price of $9.59 and a 200-day moving average price of $9.68. The firm has a market cap of $5.69 billion, a price-to-earnings ratio of 16.99 and a beta of 1.14.

Rithm Capital (NYSE:RITM) last posted its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.10. Rithm Capital had a net margin of 9.20% and a return on equity of 19.86%. Sell-side analysts predict that Rithm Capital Corp. will post 2.26 EPS for the current fiscal year.

Rithm Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Thursday, July 2nd were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 9.8%. The ex-dividend date of this dividend was Thursday, July 2nd. Rithm Capital’s dividend payout ratio is presently 166.67%.

Analysts Set New Price Targets

RITM has been the topic of a number of research analyst reports. Weiss Ratings downgraded Rithm Capital from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. BTIG Research dropped their price target on shares of Rithm Capital from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Tuesday, June 16th. UBS Group lowered their target price on Rithm Capital from $14.50 to $14.00 and set a “buy” rating on the stock in a report on Friday. Piper Sandler lowered their price target on Rithm Capital from $14.00 to $12.50 and set an “overweight” rating on the stock in a research report on Thursday, July 2nd. Finally, Keefe, Bruyette & Woods cut their price target on Rithm Capital from $14.00 to $13.00 and set an “outperform” rating for the company in a report on Friday, May 1st. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $13.15.

Hedge Funds Weigh In On Rithm Capital

A number of large investors have recently made changes to their positions in RITM. Los Angeles Capital Management LLC acquired a new stake in shares of Rithm Capital in the fourth quarter valued at approximately $26,000. Garton & Associates Financial Advisors LLC acquired a new position in shares of Rithm Capital in the fourth quarter valued at approximately $31,000. Torren Management LLC acquired a new stake in Rithm Capital during the 4th quarter worth approximately $35,000. Altshuler Shaham Ltd increased its position in Rithm Capital by 100.0% in the 1st quarter. Altshuler Shaham Ltd now owns 3,600 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 1,800 shares during the period. Finally, Advisory Services Network LLC bought a new stake in shares of Rithm Capital in the third quarter worth $43,000. Institutional investors own 44.92% of the company’s stock.

Rithm Capital Company Profile

Rithm Capital Corporation is a specialty finance company that originates, acquires and manages structured credit investments collateralized by real estate assets in the United States. The company focuses primarily on senior floating-rate loans secured by multifamily, commercial, industrial and single-family rental properties, aiming to deliver attractive risk-adjusted yields through a diversified portfolio of floating-rate real estate debt.

In addition to senior loans, Rithm Capital invests in residential mortgage-backed securities, including agency and non-agency pools, as well as other real estate-related credit instruments.