Woodward Diversified Capital LLC Sells 10,233 Shares of Rithm Capital Corp. (NYSE:RITM)

Woodward Diversified Capital LLC reduced its position in Rithm Capital Corp. (NYSE:RITM) by 34.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,051 shares of the real estate investment trust’s stock after selling 10,233 shares during the quarter. Woodward Diversified Capital LLC’s holdings in Rithm Capital were worth $206,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its stake in shares of Rithm Capital by 154.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,513 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 1,525 shares in the last quarter. Truvestments Capital LLC acquired a new stake in Rithm Capital during the third quarter valued at approximately $43,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Rithm Capital in the 3rd quarter valued at approximately $43,000. Householder Group Estate & Retirement Specialist LLC raised its holdings in shares of Rithm Capital by 86.7% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 4,439 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 2,062 shares in the last quarter. Finally, Godsey & Gibb Inc. bought a new position in shares of Rithm Capital during the 3rd quarter worth approximately $51,000. Institutional investors own 44.92% of the company’s stock.

Rithm Capital Stock Down 0.6 %

NYSE:RITM opened at $11.84 on Friday. The company has a market cap of $6.15 billion, a price-to-earnings ratio of 11.95 and a beta of 1.79. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.35 and a current ratio of 1.35. The stock’s fifty day moving average price is $11.14 and its two-hundred day moving average price is $11.14. Rithm Capital Corp. has a 52-week low of $10.06 and a 52-week high of $12.02.

Rithm Capital (NYSE:RITM) last announced its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.16. Rithm Capital had a net margin of 14.99% and a return on equity of 17.54%. On average, analysts anticipate that Rithm Capital Corp. will post 1.95 EPS for the current year.

Rithm Capital Announces Dividend

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 $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 8.45%. The ex-dividend date of this dividend was Tuesday, December 31st. Rithm Capital’s payout ratio is 101.01%.

Analysts Set New Price Targets

A number of analysts have weighed in on RITM shares. Keefe, Bruyette & Woods upped their price target on Rithm Capital from $13.00 to $13.50 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Piper Sandler increased their target price on shares of Rithm Capital from $11.50 to $12.50 and gave the stock a “neutral” rating in a research report on Friday. Wedbush restated an “outperform” rating and issued a $14.00 price target on shares of Rithm Capital in a research report on Thursday, November 7th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $13.00 price objective on shares of Rithm Capital in a report on Thursday, November 21st. Finally, B. Riley raised Rithm Capital to a “strong-buy” rating in a report on Tuesday, January 7th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $12.94.

Rithm Capital Company 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.