Quantinno Capital Management LP Has $4.04 Million Stock Position in Rithm Capital Corp. $RITM

Quantinno Capital Management LP raised its holdings in shares of Rithm Capital Corp. (NYSE:RITM) by 156.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 425,985 shares of the real estate investment trust’s stock after buying an additional 259,929 shares during the quarter. Quantinno Capital Management LP owned about 0.08% of Rithm Capital worth $4,038,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of RITM. Curi Capital LLC lifted its holdings in Rithm Capital by 0.7% in the second quarter. Curi Capital LLC now owns 120,262 shares of the real estate investment trust’s stock valued at $1,358,000 after buying an additional 829 shares during the period. Geneos Wealth Management Inc. grew its holdings in 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. City Holding Co. raised its position in shares of Rithm Capital by 35.1% during the 4th quarter. City Holding Co. now owns 3,850 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 1,000 shares during the last quarter. Westbourne Investment Advisors Inc. raised its position in shares of Rithm Capital by 1.8% during the 4th quarter. Westbourne Investment Advisors Inc. now owns 55,500 shares of the real estate investment trust’s stock valued at $605,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Fort Sheridan Advisors LLC lifted its stake in shares of Rithm Capital by 0.3% in the 4th quarter. Fort Sheridan Advisors LLC now owns 367,164 shares of the real estate investment trust’s stock valued at $4,002,000 after purchasing an additional 1,000 shares during the period. 44.92% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on RITM. Citizens Jmp raised their price target on Rithm Capital from $12.50 to $13.50 and gave the stock a “market outperform” rating in a research report on Wednesday, May 20th. Citigroup reissued an “outperform” rating on shares of Rithm Capital in a research note on Wednesday, May 20th. Piper Sandler reduced their target price on Rithm Capital from $14.00 to $12.50 and set an “overweight” rating on the stock in a report on Thursday, July 2nd. JonesTrading restated a “buy” rating and set a $13.50 target price on shares of Rithm Capital in a research report on Tuesday, April 28th. Finally, UBS Group lowered their price target on Rithm Capital from $15.00 to $14.50 and set a “buy” rating for the company in a research note on Friday, April 10th. Ten analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $13.20.

Insider Buying and Selling

In related news, Director David Saltzman sold 80,922 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $9.25, for a total value of $748,528.50. Following the completion of the transaction, the director directly owned 44,248 shares of the company’s stock, valued at approximately $409,294. This represents a 64.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.57% of the company’s stock.

Rithm Capital Price Performance

NYSE RITM opened at $10.20 on Friday. The company has a debt-to-equity ratio of 2.19, a quick ratio of 1.28 and a current ratio of 0.76. The stock has a market cap of $5.69 billion, a price-to-earnings ratio of 16.99 and a beta of 1.14. The business has a 50 day simple moving average of $9.35 and a 200 day simple moving average of $9.80. Rithm Capital Corp. has a 52-week low of $8.43 and a 52-week high of $12.74.

Rithm Capital (NYSE:RITM) last announced its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.60 earnings per share 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%. Analysts anticipate that Rithm Capital Corp. will post 2.22 earnings per share for the current fiscal year.

Rithm Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Thursday, July 2nd were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 9.8%. The ex-dividend date of this dividend was Thursday, July 2nd. Rithm Capital’s payout ratio is currently 166.67%.

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.