Family Management Corp Has $2.07 Million Position in Rithm Capital Corp. (NYSE:RITM)

Family Management Corp lifted its stake in Rithm Capital Corp. (NYSE:RITM - Free Report) by 78.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 191,380 shares of the real estate investment trust's stock after purchasing an additional 84,378 shares during the quarter. Family Management Corp's holdings in Rithm Capital were worth $2,073,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Barclays PLC lifted its holdings in shares of Rithm Capital by 1.2% during the 4th quarter. Barclays PLC now owns 219,670 shares of the real estate investment trust's stock valued at $2,379,000 after buying an additional 2,701 shares during the last quarter. Wedbush Securities Inc. raised its stake in shares of 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 acquiring an additional 27,924 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of 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 acquiring an additional 159,506 shares in the last quarter. EMC Capital Management raised its stake in shares of Rithm Capital by 1,349.0% in the 4th quarter. EMC Capital Management now owns 35,371 shares of the real estate investment trust's stock valued at $383,000 after acquiring an additional 32,930 shares in the last quarter. Finally, Meridian Financial Partners LLC bought a new position in shares of Rithm Capital in the 4th quarter valued at approximately $898,000. 44.92% of the stock is currently owned by institutional investors and hedge funds.

Rithm Capital Stock Performance

Shares of NYSE:RITM traded up $0.01 during trading on Tuesday, hitting $11.55. 2,900,061 shares of the stock were exchanged, compared to its average volume of 3,964,523. Rithm Capital Corp. has a 1-year low of $9.13 and a 1-year high of $12.20. The company has a market capitalization of $6.12 billion, a price-to-earnings ratio of 6.92 and a beta of 1.32. The company's fifty day simple moving average is $10.99 and its 200-day simple moving average is $11.13. 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 (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, topping 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 company had revenue of $28.89 million for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter last year, the firm earned $0.48 EPS. Sell-side analysts expect 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 was paid on Wednesday, April 30th. Investors of record on Monday, March 31st were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 8.66%. The ex-dividend date was Monday, March 31st. Rithm Capital's dividend payout ratio is 83.33%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. UBS Group cut their price objective on Rithm Capital from $14.00 to $13.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Piper Sandler raised Rithm Capital from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $12.50 to $14.00 in a research report on Monday, April 28th. JMP Securities reaffirmed a "market outperform" rating and issued a $12.50 price target on shares of Rithm Capital in a research report on Thursday, January 23rd. Wedbush reaffirmed an "outperform" rating and issued a $14.00 price target on shares of Rithm Capital in a research report on Friday, March 28th. Finally, Jones Trading reaffirmed a "buy" rating and issued a $12.50 price target on shares of Rithm Capital in a research report on Tuesday, April 29th. Eight investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Rithm Capital currently has an average rating of "Buy" and an average price target of $13.56.

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.