TD Waterhouse Canada Inc. Buys 54,200 Shares of Rithm Capital Corp. $RITM

TD Waterhouse Canada Inc. increased its position in shares of Rithm Capital Corp. (NYSE:RITM) by 3,496.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 55,750 shares of the real estate investment trust’s stock after acquiring an additional 54,200 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Rithm Capital were worth $521,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Curi Capital LLC boosted its stake 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 in the last quarter. Geneos Wealth Management Inc. increased its position 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 purchasing an additional 881 shares in the last quarter. Fort Sheridan Advisors LLC lifted its stake in 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 last quarter. Essex Financial Services Inc. boosted its position in Rithm Capital by 5.5% in the fourth quarter. Essex Financial Services Inc. now owns 19,699 shares of the real estate investment trust’s stock valued at $215,000 after buying an additional 1,021 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in Rithm Capital by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 165,278 shares of the real estate investment trust’s stock valued at $1,883,000 after buying an additional 1,024 shares in the last quarter. Institutional investors and hedge funds own 44.92% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Compass Point began coverage on shares of Rithm Capital in a report on Monday, June 8th. They set a “buy” rating and a $14.00 price target for the company. Citizens Jmp raised their price objective on Rithm Capital from $12.50 to $13.50 and gave the company a “market outperform” rating in a report on Wednesday, May 20th. Citigroup restated an “outperform” rating on shares of Rithm Capital in a research report on Wednesday, May 20th. BTIG Research lowered their target price on Rithm Capital from $16.00 to $13.00 and set a “buy” rating for the company in a report on Tuesday, June 16th. Finally, Weiss Ratings upgraded Rithm Capital from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 25th. Ten analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.15.

Insider Buying and Selling

In other Rithm Capital news, Director Peggy Hebard sold 14,520 shares of Rithm Capital stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $10.18, for a total value of $147,813.60. Following the completion of the sale, the director directly owned 82,259 shares in the company, valued at approximately $837,396.62. The trade was a 15.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.57% of the stock is owned by corporate insiders.

Rithm Capital Price Performance

Shares of NYSE RITM opened at $9.66 on Friday. The company 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 company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.19. Rithm Capital Corp. has a twelve month low of $8.43 and a twelve month high of $12.68. The firm has a fifty day simple moving average of $9.78 and a 200 day simple moving average of $9.62.

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

Rithm Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Thursday, July 2nd were paid 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 10.4%. Rithm Capital’s dividend payout ratio (DPR) is currently 166.67%.

Rithm Capital Profile

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.