Jump Financial LLC acquired a new position in shares of Rithm Capital Corp. (NYSE:RITM - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 33,610 shares of the real estate investment trust's stock, valued at approximately $385,000.
Other large investors also recently made changes to their positions in the company. The Manufacturers Life Insurance Company grew its position in Rithm Capital by 4.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 130,353 shares of the real estate investment trust's stock valued at $1,412,000 after purchasing an additional 5,654 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Rithm Capital by 29.6% during the 4th quarter. Northern Trust Corp now owns 3,284,237 shares of the real estate investment trust's stock worth $35,568,000 after buying an additional 750,656 shares during the last quarter. Schonfeld Strategic Advisors LLC lifted its stake in shares of Rithm Capital by 30.8% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 78,209 shares of the real estate investment trust's stock worth $847,000 after buying an additional 18,436 shares during the last quarter. Aptus Capital Advisors LLC acquired a new stake in shares of Rithm Capital during the 4th quarter worth about $143,000. Finally, Ameriprise Financial Inc. raised its stake in Rithm Capital by 7.6% in the 4th quarter. Ameriprise Financial Inc. now owns 803,233 shares of the real estate investment trust's stock worth $8,702,000 after purchasing an additional 56,992 shares in the last quarter. Institutional investors own 44.92% of the company's stock.
Rithm Capital Price Performance
RITM stock traded up $0.05 during mid-day trading on Friday, hitting $12.61. The stock had a trading volume of 4,949,686 shares, compared to its average volume of 5,088,565. The firm has a market capitalization of $6.68 billion, a P/E ratio of 9.70 and a beta of 1.30. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 1.63. The firm has a fifty day simple moving average of $12.11 and a 200 day simple moving average of $11.52. Rithm Capital Corp. has a 52 week low of $9.13 and a 52 week high of $12.74.
Rithm Capital (NYSE:RITM - Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.03. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.18 billion. Rithm Capital had a net margin of 16.72% and a return on equity of 18.89%. As a group, research analysts forecast that Rithm Capital Corp. will post 1.93 EPS 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 dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.00 annualized dividend and a dividend yield of 7.9%. Rithm Capital's payout ratio is 76.92%.
Analyst Upgrades and Downgrades
Several analysts have weighed in on RITM shares. Royal Bank Of Canada lifted their price objective on shares of Rithm Capital from $13.00 to $14.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Jones Trading lifted their price objective on shares of Rithm Capital from $12.50 to $13.50 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. Keefe, Bruyette & Woods lifted their price objective on shares of Rithm Capital from $13.50 to $14.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 29th. Wedbush reissued an "outperform" rating and issued a $14.00 target price on shares of Rithm Capital in a report on Wednesday, August 6th. Finally, UBS Group raised their target price on shares of Rithm Capital from $14.00 to $16.00 and gave the company a "buy" rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $14.25.
Check Out Our Latest Stock Analysis on Rithm Capital
Rithm Capital Profile
(
Free Report)
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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