Capital Fund Management S.A. Acquires New Holdings in Rithm Capital Corp. $RITM

Key Points

• Capital Fund Management S.A. has acquired 110,750 shares of Rithm Capital Corp, valued at approximately $1,268,000, according to their recent filing with the SEC.
• Various hedge funds are increasing their stakes in Rithm Capital, with institutional investors owning 44.92% of the company's stock overall.
• Wall Street analysts have upgraded Rithm Capital's stock ratings, with an average target price set at $14.00, indicating a positive outlook for its performance.

Capital Fund Management S.A. acquired a new stake in Rithm Capital Corp. (NYSE:RITM - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 110,750 shares of the real estate investment trust's stock, valued at approximately $1,268,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC raised its holdings in Rithm Capital by 1.2% in the fourth quarter. Barclays PLC now owns 219,670 shares of the real estate investment trust's stock worth $2,379,000 after purchasing an additional 2,701 shares during the period. KBC Group NV raised its stake in Rithm Capital by 24.0% during the 1st quarter. KBC Group NV now owns 22,846 shares of the real estate investment trust's stock worth $262,000 after buying an additional 4,423 shares during the period. Edgestream Partners L.P. lifted its holdings in Rithm Capital by 341.5% during the first quarter. Edgestream Partners L.P. now owns 688,882 shares of the real estate investment trust's stock worth $7,888,000 after acquiring an additional 532,866 shares in the last quarter. Amalgamated Bank grew its stake in Rithm Capital by 5.9% in the first quarter. Amalgamated Bank now owns 27,064 shares of the real estate investment trust's stock valued at $310,000 after acquiring an additional 1,502 shares during the period. Finally, Bleakley Financial Group LLC increased its holdings in shares of Rithm Capital by 197.1% in the first quarter. Bleakley Financial Group LLC now owns 36,428 shares of the real estate investment trust's stock worth $417,000 after acquiring an additional 24,166 shares in the last quarter. Institutional investors own 44.92% of the company's stock.

Wall Street Analysts Forecast Growth

RITM has been the subject of several research analyst reports. Wedbush reiterated an "outperform" rating and issued a $14.00 price objective on shares of Rithm Capital in a research report on Wednesday, August 6th. Royal Bank Of Canada boosted their price objective on shares of Rithm Capital from $13.00 to $14.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. UBS Group reiterated a "buy" rating and set a $14.00 target price (up previously from $13.00) on shares of Rithm Capital in a report on Tuesday, July 15th. Jones Trading boosted their price target on Rithm Capital from $12.50 to $13.50 and gave the company a "buy" rating in a report on Tuesday, July 29th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Rithm Capital from $13.50 to $14.00 and gave the company an "outperform" rating in a research report on Tuesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $14.00.

Rithm Capital Stock Performance

RITM stock traded down $0.07 during midday trading on Thursday, reaching $12.29. 3,967,121 shares of the company were exchanged, compared to its average volume of 5,112,354. The firm has a market capitalization of $6.51 billion, a price-to-earnings ratio of 9.45 and a beta of 1.25. The business has a 50-day moving average price of $11.98 and a two-hundred day moving average price of $11.50. Rithm Capital Corp. has a one year low of $9.13 and a one year high of $12.61. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.40 and a quick ratio of 0.40.

Rithm Capital (NYSE:RITM - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.03. Rithm Capital had a net margin of 16.72% and a return on equity of 18.89%. The firm had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.18 billion. Equities research analysts forecast that Rithm Capital Corp. will post 1.93 EPS for the current year.

Rithm Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 30th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 8.1%. The ex-dividend date of this dividend was Monday, June 30th. Rithm Capital's dividend payout ratio is 76.92%.

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.