TD Waterhouse Canada Inc. Has $521,000 Stake in Rithm Capital Corp. $RITM

TD Waterhouse Canada Inc. lifted its stake in Rithm Capital Corp. (NYSE:RITM) by 3,496.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 55,750 shares of the real estate investment trust’s stock after acquiring an additional 54,200 shares during the period. TD Waterhouse Canada Inc.’s holdings in Rithm Capital were worth $521,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Los Angeles Capital Management LLC bought a new position in shares of Rithm Capital in the fourth quarter worth about $26,000. Garton & Associates Financial Advisors LLC acquired a new position in shares of Rithm Capital in the fourth quarter valued at $31,000. Altshuler Shaham Ltd lifted its holdings in shares of Rithm Capital by 100.0% during the 1st quarter. Altshuler Shaham Ltd now owns 3,600 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 1,800 shares during the period. Advisory Services Network LLC bought a new position in Rithm Capital during the third quarter worth about $43,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Rithm Capital during the 3rd quarter worth approximately $46,000. Institutional investors own 44.92% of the company’s stock.

Rithm Capital Price Performance

NYSE:RITM opened at $9.66 on Friday. The stock has a market capitalization of $5.39 billion, a PE ratio of 16.10, a P/E/G ratio of 0.62 and a beta of 1.12. The firm has a fifty day simple moving average of $9.78 and a 200 day simple moving average of $9.62. Rithm Capital Corp. has a 1-year low of $8.43 and a 1-year high of $12.68. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.19.

Rithm Capital (NYSE:RITM) last issued its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating 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%. On average, research analysts expect that Rithm Capital Corp. will post 2.26 EPS for the current fiscal year.

Rithm Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Thursday, July 2nd were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $1.00 annualized dividend and a dividend yield of 10.4%. Rithm Capital’s dividend payout ratio is presently 166.67%.

Analysts Set New Price Targets

RITM has been the topic of a number of recent analyst reports. Citigroup restated an “outperform” rating on shares of Rithm Capital in a research report on Wednesday, May 20th. Compass Point started coverage on Rithm Capital in a research note on Monday, June 8th. They set a “buy” rating and a $14.00 price target on the stock. BTIG Research reduced their price objective on shares of Rithm Capital from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Tuesday, June 16th. UBS Group reduced their target price on Rithm Capital from $14.50 to $14.00 and set a “buy” rating on the stock in a report on Friday, August 21st. Finally, Citizens Jmp boosted their price target on shares of Rithm Capital from $12.50 to $13.50 and gave the company a “market outperform” rating in a report on Wednesday, May 20th. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.15.

Insiders Place Their Bets

In other Rithm Capital news, Director Peggy Hebard sold 14,520 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $10.18, for a total transaction of $147,813.60. Following the completion of the sale, the director directly owned 82,259 shares in the company, valued at $837,396.62. This trade represents a 15.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.57% of the stock is currently owned by corporate insiders.

About Rithm Capital

Rithm Capital Corporation (NYSE:RITM) is a real estate investment trust that focuses on investments and operating businesses tied to the residential mortgage and real estate markets. The company seeks to generate income from mortgage servicing rights, residential mortgage loans, mortgage-backed securities and other related assets.

Rithm also owns and operates businesses involved in mortgage origination, servicing and related financial services. Its platform includes Newrez, a mortgage company that provides loan origination, servicing and associated services to homeowners and borrowers in the United States.