Insider Selling: Rithm Capital (NYSE:RITM) Director Sells $147,813.60 in Stock

Rithm Capital Corp. (NYSE:RITM) Director Peggy Hwan Hebard sold 14,520 shares of the stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $10.18, for a total transaction of $147,813.60. Following the sale, the director directly owned 82,259 shares in the company, valued at approximately $837,396.62. This represents a 15.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Rithm Capital Trading Down 0.5%

Shares of NYSE RITM opened at $10.03 on Friday. Rithm Capital Corp. has a 1-year low of $8.43 and a 1-year high of $12.74. The company has a market cap of $5.60 billion, a PE ratio of 16.71 and a beta of 1.14. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.19. The company has a 50-day moving average of $9.64 and a two-hundred day moving average of $9.66.

Rithm Capital (NYSE:RITM) last announced its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.10. Rithm Capital had a net margin of 9.20% and a return on equity of 19.86%. As a group, equities analysts expect that Rithm Capital Corp. will post 2.26 earnings per share for the current fiscal year.

Rithm Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Thursday, July 2nd were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $1.00 annualized dividend and a yield of 10.0%. Rithm Capital’s dividend payout ratio is currently 166.67%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on RITM shares. Citigroup restated an “outperform” rating on shares of Rithm Capital in a research report on Wednesday, May 20th. Wall Street Zen upgraded Rithm Capital from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. UBS Group decreased their price target on Rithm Capital from $14.50 to $14.00 and set a “buy” rating on the stock in a report on Friday, August 21st. Wedbush lowered their price objective on Rithm Capital from $14.00 to $12.50 and set an “outperform” rating for the company in a research report on Friday, May 1st. Finally, BTIG Research dropped their price objective on Rithm Capital from $16.00 to $13.00 and set a “buy” rating for the company in a report on Tuesday, June 16th. Ten equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.15.

Institutional Trading of Rithm Capital

Several institutional investors and hedge funds have recently made changes to their positions in the business. Cetera Investment Advisers lifted its stake in Rithm Capital by 26.9% in the first quarter. Cetera Investment Advisers now owns 1,447,552 shares of the real estate investment trust’s stock valued at $13,723,000 after buying an additional 306,615 shares during the period. Family Manage LLC grew its position in shares of Rithm Capital by 62.1% during the 1st quarter. Family Manage LLC now owns 487,557 shares of the real estate investment trust’s stock worth $4,622,000 after buying an additional 186,816 shares during the period. WINTON GROUP Ltd acquired a new position in shares of Rithm Capital during the 4th quarter worth about $2,007,000. Independent Financial Group LLC acquired a new position in shares of Rithm Capital during the 1st quarter worth about $1,061,000. Finally, UBS Group AG increased its stake in shares of Rithm Capital by 4.0% in the 4th quarter. UBS Group AG now owns 3,869,113 shares of the real estate investment trust’s stock valued at $42,173,000 after acquiring an additional 150,291 shares during the last quarter. Institutional investors own 44.92% of the company’s stock.

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.