Cruiser Capital Advisors LLC Has $1.25 Million Stock Holdings in Rithm Capital Corp. (NYSE:RITM)

Cruiser Capital Advisors LLC raised its position in Rithm Capital Corp. (NYSE:RITM) by 204.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 115,600 shares of the real estate investment trust’s stock after buying an additional 77,600 shares during the quarter. Rithm Capital makes up about 0.7% of Cruiser Capital Advisors LLC’s investment portfolio, making the stock its 18th biggest holding. Cruiser Capital Advisors LLC’s holdings in Rithm Capital were worth $1,252,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its position in shares of Rithm Capital by 7.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,364,962 shares of the real estate investment trust’s stock worth $60,892,000 after buying an additional 366,600 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Rithm Capital by 119.1% during the third quarter. JPMorgan Chase & Co. now owns 4,608,008 shares of the real estate investment trust’s stock worth $52,301,000 after acquiring an additional 2,504,529 shares during the period. Neo Ivy Capital Management bought a new stake in shares of Rithm Capital in the third quarter valued at about $1,476,000. Bank of New York Mellon Corp lifted its stake in Rithm Capital by 9.1% in the 4th quarter. Bank of New York Mellon Corp now owns 1,916,453 shares of the real estate investment trust’s stock valued at $20,755,000 after acquiring an additional 159,506 shares in the last quarter. Finally, EMC Capital Management lifted its position in shares of Rithm Capital by 1,349.0% in the fourth quarter. EMC Capital Management now owns 35,371 shares of the real estate investment trust’s stock worth $383,000 after purchasing an additional 32,930 shares in the last quarter. 44.92% of the stock is currently owned by institutional investors and hedge funds.

Rithm Capital Stock Up 1.5 %

Rithm Capital stock opened at $11.81 on Tuesday. Rithm Capital Corp. has a 52-week low of $10.38 and a 52-week high of $12.20. The firm has a 50 day moving average price of $11.66 and a two-hundred day moving average price of $11.23. The firm has a market cap of $6.15 billion, a price-to-earnings ratio of 7.07 and a beta of 1.83. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.35 and a current ratio of 1.09.

Rithm Capital (NYSE:RITM) last issued its earnings results on Thursday, February 6th. The real estate investment trust reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.16. Rithm Capital had a return on equity of 18.15% and a net margin of 17.79%. Equities analysts predict that Rithm Capital Corp. will post 1.93 EPS for the current year.

Rithm Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.47%. The ex-dividend date of this dividend is Monday, March 31st. Rithm Capital’s dividend payout ratio is currently 59.88%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Keefe, Bruyette & Woods increased their price objective on Rithm Capital from $13.00 to $13.50 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. JMP Securities reaffirmed a “market outperform” rating and set a $12.50 target price on shares of Rithm Capital in a report on Thursday, January 23rd. Piper Sandler boosted their target price on shares of Rithm Capital from $11.50 to $12.50 and gave the company a “neutral” rating in a research report on Friday, February 7th. Finally, B. Riley raised shares of Rithm Capital to a “strong-buy” rating in a research note on Tuesday, January 7th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $13.25.

Rithm Capital Profile

Rithm Capital Corp. operates as an asset manager focused on real estate, credit, and financial services. It operates through Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable, and Asset Management segments. Its investment portfolio primarily comprises of mortgage servicing rights (MSR), and MSR financing receivables, title, appraisal and property preservation, excess MSRs, and services advance investments; real estate securities, call rights, SFR properties, and residential mortgage loans; consumer and business purpose loans; and asset management related investments.