61,400 Shares in Rithm Capital Corp. (NYSE:RITM) Purchased by Bayesian Capital Management LP

Bayesian Capital Management LP bought a new stake in shares of Rithm Capital Corp. (NYSE:RITM - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 61,400 shares of the real estate investment trust's stock, valued at approximately $665,000.

Several other hedge funds and other institutional investors have also bought and sold shares of RITM. Wilmington Savings Fund Society FSB bought a new position in shares of Rithm Capital in the 3rd quarter worth approximately $43,000. Quarry LP lifted its stake in shares of Rithm Capital by 47.5% in the 4th quarter. Quarry LP now owns 4,118 shares of the real estate investment trust's stock worth $45,000 after purchasing an additional 1,327 shares during the period. Householder Group Estate & Retirement Specialist LLC lifted its stake in shares of Rithm Capital by 86.7% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 4,439 shares of the real estate investment trust's stock worth $48,000 after purchasing an additional 2,062 shares during the period. Quadrant Capital Group LLC lifted its stake in shares of Rithm Capital by 35.2% in the 4th quarter. Quadrant Capital Group LLC now owns 4,655 shares of the real estate investment trust's stock worth $50,000 after purchasing an additional 1,211 shares during the period. Finally, C M Bidwell & Associates Ltd. bought a new position in shares of Rithm Capital in the 4th quarter worth approximately $81,000. Institutional investors own 44.92% of the company's stock.

Analyst Ratings Changes

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

Rithm Capital Trading Up 3.1%

RITM stock traded up $0.35 during mid-day trading on Monday, reaching $11.58. 1,443,194 shares of the stock traded hands, compared to its average volume of 3,957,387. 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 Corp. has a one year low of $9.13 and a one year high of $12.20. The stock has a market capitalization of $6.14 billion, a PE ratio of 6.93 and a beta of 1.32. The business has a 50-day moving average price of $10.99 and a two-hundred day moving average price of $11.12.

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

Rithm Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.64%. The ex-dividend date was Monday, March 31st. Rithm Capital's dividend payout ratio is currently 83.33%.

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.