Teacher Retirement System of Texas Has $4.85 Million Holdings in Rithm Capital Corp. (NYSE:RITM)

Teacher Retirement System of Texas increased its position in shares of Rithm Capital Corp. (NYSE:RITM) by 92.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 447,533 shares of the real estate investment trust’s stock after purchasing an additional 214,540 shares during the period. Teacher Retirement System of Texas owned about 0.09% of Rithm Capital worth $4,847,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in Rithm Capital by 119.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,608,008 shares of the real estate investment trust’s stock valued at $52,301,000 after buying an additional 2,504,529 shares during the period. Azora Capital LP boosted its position in shares of Rithm Capital by 107.6% during the 3rd quarter. Azora Capital LP now owns 4,383,821 shares of the real estate investment trust’s stock valued at $49,756,000 after acquiring an additional 2,271,671 shares in the last quarter. Soros Fund Management LLC bought a new stake in Rithm Capital in the third quarter valued at about $23,835,000. Maven Securities LTD acquired a new position in Rithm Capital in the third quarter worth about $11,350,000. Finally, Wellington Management Group LLP lifted its stake in Rithm Capital by 37.8% during the third quarter. Wellington Management Group LLP now owns 3,567,917 shares of the real estate investment trust’s stock worth $40,496,000 after purchasing an additional 978,954 shares during the period. 44.92% of the stock is currently owned by institutional investors and hedge funds.

Rithm Capital Trading Down 2.1 %

Shares of RITM opened at $11.59 on Monday. The stock has a fifty day moving average price of $11.64 and a two-hundred day moving average price of $11.23. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.35 and a current ratio of 1.09. The company has a market cap of $6.03 billion, a price-to-earnings ratio of 6.94 and a beta of 1.83. Rithm Capital Corp. has a 52-week low of $10.38 and a 52-week high of $12.20.

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

Rithm Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 8.63%. Rithm Capital’s dividend payout ratio (DPR) is currently 59.88%.

Analyst Ratings Changes

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

About Rithm Capital

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.