The California Public Employees Retirement System has an $11.12 million equity position in Rithm Capital Corporation (NYSE:RITM)

California Public Employees Retirement System increased its stake in Rithm Capital Corporation (NYSE: RITM – Get Rating) by 7.0% during the first quarter, according to the company in its latest SEC filing. The fund held 1,012,805 shares of the REIT after purchasing an additional 66,560 shares during the period. California Public Employees Retirement System held approximately 0.22% of Rithm Capital worth $11,121,000 when last filed with the SEC.

Other institutional investors and hedge funds also bought and sold shares of the company. SG Americas Securities LLC acquired a new position in Rithm Capital stock during Q1 worth approximately $1,514,000. DE Shaw & Co. Inc. increased its position in Rithm Capital shares by 1.3% during the fourth quarter. DE Shaw & Co. Inc. now owns 887,975 shares of the real estate investment trust worth $9,510,000 after acquiring an additional 11,597 shares in the last quarter. Crescent Grove Advisors LLC acquired a new equity stake from Rithm Capital during Q1 worth approximately $205,000. Nisa Investment Advisors LLC increased its position in Rithm Capital shares by 10.1% during the 1st quarter. Nisa Investment Advisors LLC now owns 241,960 shares of the real estate investment trust worth $2,657,000 after acquiring an additional 22,242 shares in the last quarter. Finally, Mirador Capital Partners LP acquired a new equity stake in Rithm Capital during the 4th quarter at a value of approximately $338,000. Institutional investors and hedge funds hold 46.48% of the company’s shares.

Performance of the Rithm Capital share

Rithm Capital shares opened at $9.90 on Friday. The stock has a market capitalization of $4.62 billion, a price-earnings ratio of 4.97 and a beta of 1.68. Rithm Capital Corporation has a 12-month low of $8.18 and a 12-month high of $11.81. The company’s fifty-day moving average is $10.04 and its 200-day moving average is $10.41. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt ratio of 0.09.

Rithm Capital (NYSE:RITM – Get Rating) last released its quarterly earnings data on Tuesday, August 2. The real estate investment trust reported EPS of $0.31 for the quarter, beating analyst consensus estimates of $0.29 by $0.02. Rithm Capital had a return on equity of 13.84% and a net margin of 20.51%. During the same period last year, the company achieved EPS of $0.31. Sell-side analysts expect Rithm Capital Corporation to post EPS of 1.21 for the current year.

Rithm Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 29. Investors of record on Friday, July 1 received a dividend of $0.25 per share. This represents a dividend of $1.00 on an annualized basis and a yield of 10.10%. The ex-dividend date was Thursday, June 30. Rithm Capital’s dividend payout ratio is currently 50.25%.

Wall Street analysts predict growth

Several research companies have recently published reports on the RITM. Piper Sandler downgraded Rithm Capital shares from a ‘neutral’ to an ‘underweight’ rating and lowered her price target for the stock from $12.00 to $10.00 in a research report Monday, June 13. upgraded Rithm Capital shares from a “hold” rating to a “buy” rating in a Monday, May 9 research note. Finally, Credit Suisse Group lowered its price target on Rithm Capital shares to $12.00 in a Friday, July 22 research note. One financial analyst gave the stock a sell rating and seven gave the company’s stock a buy rating. According to MarketBeat, Rithm Capital currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.00.

Profile of Rithm Capital

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New Residential Investment Corp. is a real estate investment trust that aims to generate long-term value for investors by investing in mortgage-related assets, including operating companies, that offer attractive risk-adjusted returns. It operates through the following segments: Origination, Servicing, MSR Related Investments, Residential Securities, Properties and Loans, Consumer Loans, Mortgage Loans Receivables and Corporate.

See also

Institutional ownership by quarter for Rithm Capital (NYSE:RITM)

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