380,922 Shares in Rithm Capital Corp. $RITM Acquired by Caxton Associates LLP

Key Points

• Caxton Associates LLP invested approximately $4.36 million in Rithm Capital Corp. by purchasing 380,922 shares, marking a notable new position in the company.
• Rithm Capital recently reported earnings of $0.54 per share, exceeding analysts' expectations, and generated revenue of $1.22 billion, indicating strong financial performance.
• The company announced a quarterly dividend of $0.25, which equates to a 7.9% dividend yield, reflecting its commitment to returning capital to shareholders.

Caxton Associates LLP bought a new stake in Rithm Capital Corp. (NYSE:RITM - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 380,922 shares of the real estate investment trust's stock, valued at approximately $4,362,000. Caxton Associates LLP owned approximately 0.07% of Rithm Capital as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of RITM. Sciencast Management LP acquired a new stake in shares of Rithm Capital during the first quarter worth $125,000. Goldman Sachs Group Inc. lifted its position in Rithm Capital by 75.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,539,483 shares of the real estate investment trust's stock valued at $17,627,000 after purchasing an additional 662,585 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Rithm Capital during the first quarter valued at $455,000. PharVision Advisers LLC lifted its position in Rithm Capital by 288.6% during the first quarter. PharVision Advisers LLC now owns 45,505 shares of the real estate investment trust's stock valued at $521,000 after purchasing an additional 33,795 shares during the period. Finally, NewEdge Advisors LLC increased its holdings in Rithm Capital by 5.3% in the first quarter. NewEdge Advisors LLC now owns 31,311 shares of the real estate investment trust's stock valued at $359,000 after buying an additional 1,585 shares in the last quarter. 44.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on RITM. Jones Trading lifted their price objective on shares of Rithm Capital from $12.50 to $13.50 and gave the company a "buy" rating in a report on Tuesday, July 29th. Royal Bank Of Canada lifted their price objective on shares of Rithm Capital from $13.00 to $14.00 and gave the company an "outperform" rating in a report on Friday, August 1st. UBS Group lifted their price objective on shares of Rithm Capital from $14.00 to $16.00 and gave the company a "buy" rating in a report on Wednesday, September 3rd. Keefe, Bruyette & Woods lifted their price objective on shares of Rithm Capital from $13.50 to $14.00 and gave the company an "outperform" rating in a report on Tuesday, July 29th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $14.00 price objective on shares of Rithm Capital in a report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $14.25.

Rithm Capital Trading Down 1.3%

NYSE:RITM traded down $0.16 on Friday, hitting $12.38. The stock had a trading volume of 5,032,203 shares, compared to its average volume of 4,230,302. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.63. The stock has a market cap of $6.56 billion, a price-to-earnings ratio of 9.52 and a beta of 1.30. The company has a fifty day moving average price of $12.20 and a two-hundred day moving average price of $11.54. Rithm Capital Corp. has a 1-year low of $9.13 and a 1-year high of $12.74.

Rithm Capital (NYSE:RITM - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $0.54 EPS for the quarter, topping 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 analyst estimates of $1.18 billion. Equities research analysts expect that Rithm Capital Corp. will post 1.93 earnings per share for the current fiscal year.

Rithm Capital Dividend Announcement

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

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.