Teacher Retirement System of Texas Purchases 214,540 Shares of Rithm Capital Corp. (NYSE:RITM)

Teacher Retirement System of Texas grew its holdings in Rithm Capital Corp. (NYSE:RITM) by 92.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 447,533 shares of the real estate investment trust’s stock after purchasing an additional 214,540 shares during the quarter. Teacher Retirement System of Texas’ holdings in Rithm Capital were worth $4,847,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of RITM. Truvestments Capital LLC acquired a new position in Rithm Capital in the third quarter valued at approximately $43,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Rithm Capital in the 3rd quarter valued at $43,000. Householder Group Estate & Retirement Specialist LLC boosted its position 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 purchasing an additional 2,062 shares during the last quarter. FNY Investment Advisers LLC grew its stake in shares of Rithm Capital by 8,600.0% during the fourth quarter. FNY Investment Advisers LLC now owns 8,700 shares of the real estate investment trust’s stock worth $94,000 after purchasing an additional 8,600 shares during the period. Finally, Periscope Capital Inc. bought a new stake in Rithm Capital in the third quarter valued at about $114,000. Institutional investors and hedge funds own 44.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on RITM. JMP Securities restated a “market outperform” rating and set a $12.50 target price on shares of Rithm Capital in a report on Thursday, January 23rd. B. Riley upgraded shares of Rithm Capital to a “strong-buy” rating in a report on Tuesday, January 7th. Keefe, Bruyette & Woods increased their target price on shares of Rithm Capital from $13.00 to $13.50 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Finally, Piper Sandler boosted their price target on shares of Rithm Capital from $11.50 to $12.50 and gave the company a “neutral” rating in a report on Friday, February 7th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Rithm Capital has an average rating of “Buy” and an average target price of $13.25.

Rithm Capital Stock Down 2.1 %

Shares of RITM stock opened at $11.59 on Monday. Rithm Capital Corp. has a 12-month low of $10.38 and a 12-month high of $12.20. The company has a quick ratio of 1.35, a current ratio of 1.09 and a debt-to-equity ratio of 1.74. The firm has a fifty day moving average of $11.64 and a 200-day moving average of $11.23. The company has a market capitalization of $6.03 billion, a price-to-earnings ratio of 6.94 and a beta of 1.83.

Rithm Capital (NYSE:RITM) last released its earnings results on Thursday, February 6th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.16. Rithm Capital had a return on equity of 18.15% and a net margin of 17.79%. As a group, equities research analysts predict that Rithm Capital Corp. will post 1.93 earnings per share for the current fiscal year.

Rithm Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 8.63%. Rithm Capital’s payout ratio is 59.88%.

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.