GSA Capital Partners LLP Makes New Investment in Rithm Capital Corp. $RITM

GSA Capital Partners LLP bought a new position in shares of Rithm Capital Corp. (NYSE:RITM) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 111,473 shares of the real estate investment trust’s stock, valued at approximately $1,215,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RITM. CoreCap Advisors LLC lifted its holdings in Rithm Capital by 99.2% during the 4th quarter. CoreCap Advisors LLC now owns 2,295 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 1,143 shares during the period. Bessemer Group Inc. lifted its holdings in Rithm Capital by 658.9% during the 3rd quarter. Bessemer Group Inc. now owns 2,656 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 2,306 shares during the period. Atlantic Union Bankshares Corp acquired a new position in Rithm Capital during the 3rd quarter worth about $31,000. FNY Investment Advisers LLC acquired a new position in Rithm Capital during the 4th quarter worth about $31,000. Finally, Torren Management LLC acquired a new position in Rithm Capital during the 4th quarter worth about $35,000. 44.92% of the stock is owned by institutional investors and hedge funds.

Rithm Capital Stock Up 3.1%

Shares of NYSE:RITM opened at $9.28 on Thursday. The company has a market capitalization of $5.18 billion, a price-to-earnings ratio of 8.51 and a beta of 1.17. The company has a debt-to-equity ratio of 4.02, a current ratio of 1.28 and a quick ratio of 1.28. The business’s 50-day moving average is $9.61 and its 200-day moving average is $10.52. Rithm Capital Corp. has a 1 year low of $8.43 and a 1 year high of $12.74.

Rithm Capital (NYSE:RITM) last announced its quarterly earnings data 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). Rithm Capital had a net margin of 14.44% and a return on equity of 19.48%. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.27 billion. Equities research analysts predict that Rithm Capital Corp. will post 2.27 earnings per share for the current year.

Rithm Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Monday, April 6th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 10.8%. The ex-dividend date of this dividend was Monday, April 6th. Rithm Capital’s dividend payout ratio is 91.74%.

Analyst Upgrades and Downgrades

Several brokerages have commented on RITM. Capital One Financial set a $12.50 target price on Rithm Capital in a report on Thursday, April 9th. BTIG Research reissued a “buy” rating and issued a $16.00 price objective on shares of Rithm Capital in a research note on Friday, April 10th. UBS Group dropped their price objective on Rithm Capital from $15.00 to $14.50 and set a “buy” rating on the stock in a research note on Friday, April 10th. Citizens Jmp boosted their price objective on Rithm Capital from $12.50 to $13.50 and gave the company a “market outperform” rating in a research note on Wednesday. Finally, JonesTrading reissued a “buy” rating and issued a $13.50 price objective on shares of Rithm Capital in a research note on Tuesday, April 28th. Nine research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.61.

Rithm Capital 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.