Rithm Capital Corp. (NYSE:RITM) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its position in shares of Rithm Capital Corp. (NYSE:RITM - Free Report) by 144.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 205,963 shares of the real estate investment trust's stock after purchasing an additional 121,706 shares during the quarter. Envestnet Asset Management Inc.'s holdings in Rithm Capital were worth $2,231,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new position in shares of Rithm Capital in the 3rd quarter valued at $43,000. Householder Group Estate & Retirement Specialist LLC grew its stake in Rithm Capital by 86.7% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 4,439 shares of the real estate investment trust's stock valued at $48,000 after purchasing an additional 2,062 shares during the last quarter. C M Bidwell & Associates Ltd. bought a new position in Rithm Capital in the fourth quarter worth about $81,000. FNY Investment Advisers LLC boosted its holdings in shares of Rithm Capital by 8,600.0% in the 4th quarter. FNY Investment Advisers LLC now owns 8,700 shares of the real estate investment trust's stock valued at $94,000 after buying an additional 8,600 shares in the last quarter. Finally, Whittier Trust Co. grew its position in shares of Rithm Capital by 1,860.7% in the 4th quarter. Whittier Trust Co. now owns 10,274 shares of the real estate investment trust's stock worth $111,000 after buying an additional 9,750 shares during the last quarter. 44.92% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on RITM shares. Piper Sandler raised Rithm Capital from a "neutral" rating to an "overweight" rating and upped their target price for the company from $12.50 to $14.00 in a research report on Monday. Wedbush reiterated an "outperform" rating and issued a $14.00 target price on shares of Rithm Capital in a research note on Friday, March 28th. Jones Trading restated a "buy" rating and set a $12.50 price target on shares of Rithm Capital in a research note on Tuesday. UBS Group dropped their price objective on shares of Rithm Capital from $14.00 to $13.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Finally, BTIG Research restated a "buy" rating and issued a $16.00 target price on shares of Rithm Capital in a research note on Friday. Eight 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 presently has an average rating of "Buy" and an average price target of $13.61.

Rithm Capital Trading Up 0.4 %

NYSE RITM traded up $0.05 during trading hours on Wednesday, reaching $11.19. The company had a trading volume of 3,026,413 shares, compared to its average volume of 3,924,083. Rithm Capital Corp. has a 1-year low of $9.13 and a 1-year high of $12.20. The stock has a market capitalization of $5.93 billion, a P/E ratio of 6.70 and a beta of 1.36. The stock has a 50-day moving average of $11.10 and a 200 day moving average of $11.09. 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 (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. Rithm Capital had a net margin of 17.79% and a return on equity of 18.15%. The firm had revenue of $28.89 million during the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter last year, the firm earned $0.48 EPS. As a group, research analysts anticipate that Rithm Capital Corp. will post 1.93 earnings per share for the current fiscal 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 dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 8.94%. The ex-dividend date is Monday, March 31st. Rithm Capital's dividend payout ratio (DPR) is 83.33%.

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.