GSA Capital Partners LLP Has $700,000 Stock Position in Rithm Capital Corp. (NYSE:RITM)

GSA Capital Partners LLP cut its holdings in Rithm Capital Corp. (NYSE:RITM - Free Report) by 40.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 61,163 shares of the real estate investment trust's stock after selling 41,182 shares during the quarter. GSA Capital Partners LLP's holdings in Rithm Capital were worth $700,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Federated Hermes Inc. bought a new stake in shares of Rithm Capital in the 1st quarter valued at $1,757,000. Mackenzie Financial Corp grew its holdings in Rithm Capital by 288.6% in the first quarter. Mackenzie Financial Corp now owns 2,725,392 shares of the real estate investment trust's stock worth $31,206,000 after purchasing an additional 2,024,090 shares during the period. Sheaff Brock Investment Advisors LLC increased its stake in Rithm Capital by 8.8% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 11,725 shares of the real estate investment trust's stock valued at $134,000 after purchasing an additional 945 shares in the last quarter. Melia Wealth LLC raised its holdings in shares of Rithm Capital by 1.5% during the first quarter. Melia Wealth LLC now owns 226,289 shares of the real estate investment trust's stock valued at $2,591,000 after purchasing an additional 3,257 shares during the period. Finally, LPL Financial LLC boosted its position in shares of Rithm Capital by 0.9% during the 1st quarter. LPL Financial LLC now owns 635,769 shares of the real estate investment trust's stock worth $7,280,000 after purchasing an additional 5,616 shares in the last quarter. 44.92% of the stock is currently owned by institutional investors.

Rithm Capital Price Performance

Rithm Capital stock opened at $12.05 on Friday. Rithm Capital Corp. has a 52 week low of $9.13 and a 52 week high of $12.59. The company's 50 day moving average price is $11.57 and its two-hundred day moving average price is $11.39. The stock has a market cap of $6.39 billion, a P/E ratio of 9.27 and a beta of 1.25. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 1.68.

Rithm Capital (NYSE:RITM - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.03. Rithm Capital had a return on equity of 19.07% and a net margin of 16.72%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.18 billion. On average, equities analysts predict that Rithm Capital Corp. will post 1.93 earnings per share for the current year.

Rithm Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 30th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date of this dividend was Monday, June 30th. Rithm Capital's payout ratio is 76.92%.

Analysts Set New Price Targets

A number of brokerages recently commented on RITM. Wedbush reaffirmed an "outperform" rating and issued a $14.00 target price on shares of Rithm Capital in a research report on Monday, May 19th. BTIG Research reaffirmed a "buy" rating and set a $16.00 target price on shares of Rithm Capital in a research report on Friday, April 25th. Keefe, Bruyette & Woods increased their target price on Rithm Capital from $13.50 to $14.00 and gave the stock an "outperform" rating in a report on Tuesday, July 29th. Royal Bank Of Canada boosted their price target on shares of Rithm Capital from $13.00 to $14.00 and gave the company an "outperform" rating in a research note on Friday. Finally, Piper Sandler raised shares of Rithm Capital from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $12.50 to $14.00 in a research note on Monday, April 28th. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Rithm Capital presently has an average rating of "Buy" and a consensus target price of $14.00.

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.

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