Nomura Holdings Inc. Invests $13.91 Million in Rithm Capital Corp. (NYSE:RITM)

Nomura Holdings Inc. purchased a new position in Rithm Capital Corp. (NYSE:RITM - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,284,643 shares of the real estate investment trust's stock, valued at approximately $13,913,000. Nomura Holdings Inc. owned about 0.25% of Rithm Capital at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Rithm Capital by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 49,008,422 shares of the real estate investment trust's stock valued at $530,761,000 after acquiring an additional 184,802 shares during the period. Geode Capital Management LLC grew its holdings in shares of Rithm Capital by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 8,494,199 shares of the real estate investment trust's stock worth $92,021,000 after purchasing an additional 79,142 shares during the period. Norges Bank acquired a new stake in Rithm Capital during the 4th quarter worth approximately $76,082,000. Balyasny Asset Management L.P. raised its holdings in Rithm Capital by 48.6% in the fourth quarter. Balyasny Asset Management L.P. now owns 6,535,525 shares of the real estate investment trust's stock valued at $70,780,000 after buying an additional 2,136,342 shares during the period. Finally, Wellington Management Group LLP lifted its position in Rithm Capital by 0.9% during the fourth quarter. Wellington Management Group LLP now owns 3,600,461 shares of the real estate investment trust's stock valued at $38,993,000 after buying an additional 32,544 shares in the last quarter. Hedge funds and other institutional investors own 44.92% of the company's stock.

Rithm Capital Stock Down 0.2%

NYSE RITM traded down $0.02 during trading hours on Monday, reaching $11.65. 3,699,631 shares of the company traded hands, compared to its average volume of 3,999,467. The stock has a market capitalization of $6.18 billion, a PE ratio of 6.98 and a beta of 1.32. The company has a 50 day moving average of $10.98 and a two-hundred day moving average of $11.15. The company has a current ratio of 1.09, a quick ratio of 1.35 and a debt-to-equity ratio of 1.74. Rithm Capital Corp. has a 12 month low of $9.13 and a 12 month high of $12.20.

Rithm Capital (NYSE:RITM - Get Free Report) last announced its quarterly earnings data on Friday, April 25th. The real estate investment trust reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.07. Rithm Capital had a return on equity of 18.15% and a net margin of 17.79%. The firm had revenue of $28.89 million during the quarter, compared to analyst estimates of $1.27 billion. During the same period in the previous year, the company earned $0.48 earnings per share. As a group, equities analysts expect that Rithm Capital Corp. will post 1.93 earnings per share for the current year.

Rithm Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.58%. Rithm Capital's dividend payout ratio (DPR) is 83.33%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Piper Sandler raised shares of Rithm Capital from a "neutral" rating to an "overweight" rating and raised their target price for the company from $12.50 to $14.00 in a research note on Monday, April 28th. BTIG Research reissued a "buy" rating and issued a $16.00 price objective on shares of Rithm Capital in a research report on Friday, April 25th. JMP Securities reaffirmed a "market outperform" rating and issued a $12.50 target price on shares of Rithm Capital in a research report on Thursday, January 23rd. Jones Trading reaffirmed a "buy" rating and issued a $12.50 price objective on shares of Rithm Capital in a research report on Tuesday, April 29th. Finally, UBS Group reduced their target price on shares of Rithm Capital from $14.00 to $13.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $13.56.

Rithm Capital Company 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.