Public Employees Retirement System of Ohio Has $2.32 Million Stake in Rithm Capital Corp. (NYSE:RITM)

Public Employees Retirement System of Ohio cut its holdings in shares of Rithm Capital Corp. (NYSE:RITM) by 4.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 204,484 shares of the real estate investment trust’s stock after selling 9,268 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Rithm Capital were worth $2,321,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in RITM. AQR Capital Management LLC increased its holdings in shares of Rithm Capital by 4.1% in the second quarter. AQR Capital Management LLC now owns 29,848 shares of the real estate investment trust’s stock valued at $326,000 after purchasing an additional 1,183 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Rithm Capital by 8.3% during the 3rd quarter. Empowered Funds LLC now owns 15,824 shares of the real estate investment trust’s stock worth $176,000 after buying an additional 1,216 shares during the period. Founders Financial Alliance LLC grew its stake in Rithm Capital by 2.6% in the 2nd quarter. Founders Financial Alliance LLC now owns 50,942 shares of the real estate investment trust’s stock valued at $556,000 after buying an additional 1,286 shares during the last quarter. Atomi Financial Group Inc. raised its holdings in Rithm Capital by 6.4% in the 3rd quarter. Atomi Financial Group Inc. now owns 24,711 shares of the real estate investment trust’s stock valued at $280,000 after acquiring an additional 1,481 shares during the period. Finally, Cerity Partners LLC lifted its position in Rithm Capital by 2.1% during the third quarter. Cerity Partners LLC now owns 72,434 shares of the real estate investment trust’s stock worth $822,000 after acquiring an additional 1,508 shares during the last quarter. Institutional investors own 44.92% of the company’s stock.

Rithm Capital Stock Performance

Shares of Rithm Capital stock opened at $11.06 on Wednesday. The company has a 50 day moving average of $10.84 and a 200-day moving average of $11.13. The company has a market cap of $5.75 billion, a PE ratio of 11.17 and a beta of 1.80. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.63. Rithm Capital Corp. has a 1-year low of $9.97 and a 1-year high of $12.02.

Rithm Capital (NYSE:RITM) last issued its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.12. Rithm Capital had a return on equity of 17.54% and a net margin of 14.99%. The firm had revenue of $619.51 million for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter last year, the business posted $0.58 EPS. As a group, equities research analysts forecast that Rithm Capital Corp. will post 1.93 earnings per share for the current fiscal year.

Rithm Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 9.05%. The ex-dividend date of this dividend is Tuesday, December 31st. Rithm Capital’s dividend payout ratio is presently 101.01%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on RITM shares. Wedbush reiterated an “outperform” rating and set a $14.00 target price on shares of Rithm Capital in a research note on Thursday, November 7th. Royal Bank of Canada reissued an “outperform” rating and set a $13.00 target price on shares of Rithm Capital in a report on Thursday, November 21st. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Rithm Capital from $13.00 to $13.50 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $12.94.

Rithm Capital 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.