Mitsubishi UFJ Trust & Banking Corp Sells 256,161 Shares of Rithm Capital Corp. $RITM

Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in shares of Rithm Capital Corp. (NYSE:RITM) by 61.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 160,376 shares of the real estate investment trust’s stock after selling 256,161 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Rithm Capital were worth $1,748,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RITM. AQR Capital Management LLC lifted its holdings in shares of Rithm Capital by 20.4% during the 1st quarter. AQR Capital Management LLC now owns 77,625 shares of the real estate investment trust’s stock worth $889,000 after acquiring an additional 13,166 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of Rithm Capital by 5.3% during the 1st quarter. NewEdge Advisors LLC now owns 31,311 shares of the real estate investment trust’s stock worth $359,000 after acquiring an additional 1,585 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Rithm Capital by 75.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,539,483 shares of the real estate investment trust’s stock worth $17,627,000 after acquiring an additional 662,585 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of Rithm Capital by 14.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 7,031 shares of the real estate investment trust’s stock worth $81,000 after acquiring an additional 881 shares during the period. Finally, M&T Bank Corp lifted its holdings in shares of Rithm Capital by 13.9% during the 2nd quarter. M&T Bank Corp now owns 26,173 shares of the real estate investment trust’s stock worth $296,000 after acquiring an additional 3,200 shares during the period. 44.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. JonesTrading reaffirmed a “buy” rating and set a $13.50 price objective on shares of Rithm Capital in a report on Tuesday, April 28th. BTIG Research reiterated a “buy” rating and set a $16.00 target price on shares of Rithm Capital in a research report on Friday, April 10th. Royal Bank Of Canada dropped their target price on shares of Rithm Capital from $14.00 to $13.00 and set an “outperform” rating for the company in a research report on Friday. Keefe, Bruyette & Woods dropped their target price on shares of Rithm Capital from $14.00 to $13.00 and set an “outperform” rating for the company in a research report on Friday. Finally, Capital One Financial set a $12.50 target price on shares of Rithm Capital in a research report on Thursday, April 9th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Rithm Capital currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.63.

Rithm Capital Trading Down 1.5%

Shares of Rithm Capital stock opened at $9.65 on Tuesday. The stock has a market capitalization of $5.38 billion, a P/E ratio of 8.85 and a beta of 1.17. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 2.20. The company has a 50-day simple moving average of $9.75 and a 200 day simple moving average of $10.63. Rithm Capital Corp. has a 12-month low of $8.43 and a 12-month high of $12.74.

Rithm Capital (NYSE:RITM) last announced its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.02). The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.27 billion. Rithm Capital had a return on equity of 19.69% and a net margin of 14.44%. Research analysts expect that Rithm Capital Corp. will post 2.28 earnings per share for the current fiscal year.

Rithm Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Monday, April 6th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, April 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.4%. Rithm Capital’s payout ratio is currently 91.74%.

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.