Rithm Capital Corp. (NYSE:RITM) Shares Sold by Caxton Associates LP

Caxton Associates LP decreased its stake in Rithm Capital Corp. (NYSE:RITM - Free Report) by 34.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 149,124 shares of the real estate investment trust's stock after selling 77,259 shares during the quarter. Caxton Associates LP's holdings in Rithm Capital were worth $1,615,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Barclays PLC boosted its holdings in Rithm Capital by 1.2% in the 4th quarter. Barclays PLC now owns 219,670 shares of the real estate investment trust's stock worth $2,379,000 after buying an additional 2,701 shares during the last quarter. Wedbush Securities Inc. raised its stake in Rithm Capital by 13.7% in the 4th quarter. Wedbush Securities Inc. now owns 231,682 shares of the real estate investment trust's stock valued at $2,509,000 after purchasing an additional 27,924 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings 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 purchasing an additional 159,506 shares in the last quarter. EMC Capital Management boosted its stake in Rithm Capital by 1,349.0% during the 4th 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 during the last quarter. Finally, Meridian Financial Partners LLC purchased a new stake in shares of Rithm Capital during the fourth quarter worth $898,000. 44.92% of the stock is owned by institutional investors and hedge funds.

Rithm Capital Stock Down 0.4 %

Shares of NYSE RITM traded down $0.05 during mid-day trading on Friday, reaching $11.23. The company had a trading volume of 4,337,137 shares, compared to its average volume of 3,967,036. The firm has a 50 day simple moving average of $10.99 and a two-hundred day simple moving average of $11.12. Rithm Capital Corp. has a 52-week low of $9.13 and a 52-week high of $12.20. The company has a current ratio of 1.09, a quick ratio of 1.35 and a debt-to-equity ratio of 1.74. The stock has a market cap of $5.96 billion, a P/E ratio of 6.72 and a beta of 1.32.

Rithm Capital (NYSE:RITM - Get Free Report) last posted its earnings results 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. The business had revenue of $28.89 million during the quarter, compared to the consensus estimate of $1.27 billion. Rithm Capital had a return on equity of 18.15% and a net margin of 17.79%. During the same period in the previous year, the business earned $0.48 EPS. Sell-side analysts predict that Rithm Capital Corp. will post 1.93 earnings per share for the current year.

Rithm Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were issued a $0.25 dividend. 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 8.90%. Rithm Capital's payout ratio is 83.33%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on RITM. Piper Sandler raised Rithm Capital from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $12.50 to $14.00 in a research note on Monday, April 28th. Wedbush restated an "outperform" rating and set a $14.00 price target on shares of Rithm Capital in a report on Friday, March 28th. 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. UBS Group lowered their price target on Rithm Capital from $14.00 to $13.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Finally, BTIG Research restated a "buy" rating and issued a $16.00 price objective on shares of Rithm Capital in a report on Friday, April 25th. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target 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.