Quantbot Technologies LP Takes $443,000 Position in Rithm Capital Corp. $RITM

Key Points

• Quantbot Technologies LP has taken a new position in Rithm Capital Corp with the acquisition of 38,710 shares valued at approximately $443,000 during the first quarter.
• Rithm Capital has reported a quarterly dividend of $0.25 per share, representing an annualized dividend of $1.00 and a yield of 8.0%.
• Current research analyst consensus on Rithm Capital is a "Buy" rating with an average price target of $14.00 per share, reflecting positive outlook from multiple analysts.

Quantbot Technologies LP acquired a new position in Rithm Capital Corp. (NYSE:RITM - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 38,710 shares of the real estate investment trust's stock, valued at approximately $443,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SouthState Corp bought a new position in shares of Rithm Capital during the 1st quarter valued at approximately $25,000. Fourth Dimension Wealth LLC grew its position in shares of Rithm Capital by 50.0% during the 1st quarter. Fourth Dimension Wealth LLC now owns 3,000 shares of the real estate investment trust's stock valued at $34,000 after acquiring an additional 1,000 shares during the period. Quarry LP grew its position in shares of Rithm Capital by 47.5% during the 4th quarter. Quarry LP now owns 4,118 shares of the real estate investment trust's stock valued at $45,000 after acquiring an additional 1,327 shares during the period. Quent Capital LLC grew its position in shares of Rithm Capital by 58.6% during the 1st quarter. Quent Capital LLC now owns 5,465 shares of the real estate investment trust's stock valued at $63,000 after acquiring an additional 2,019 shares during the period. Finally, CWM LLC grew its position in shares of Rithm Capital by 25.5% during the 1st quarter. CWM LLC now owns 6,046 shares of the real estate investment trust's stock valued at $69,000 after acquiring an additional 1,228 shares during the period. 44.92% of the stock is owned by institutional investors.

Rithm Capital Price Performance

NYSE RITM traded up $0.11 on Friday, hitting $12.39. The stock had a trading volume of 3,727,816 shares, compared to its average volume of 5,058,458. Rithm Capital Corp. has a 52-week low of $9.13 and a 52-week high of $12.61. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.40 and a current ratio of 0.40. The company has a market capitalization of $6.57 billion, a price-to-earnings ratio of 9.53 and a beta of 1.25. The firm has a 50-day moving average of $12.00 and a 200-day moving average of $11.51.

Rithm Capital (NYSE:RITM - Get Free Report) last posted its earnings results on Monday, July 28th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.03. The business had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.18 billion. Rithm Capital had a net margin of 16.72% and a return on equity of 18.89%. Equities analysts expect that Rithm Capital Corp. will post 1.93 EPS for the current 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 given a dividend of $0.25 per share. The ex-dividend date was Monday, June 30th. This represents a $1.00 annualized dividend and a dividend yield of 8.1%. Rithm Capital's dividend payout ratio (DPR) is 76.92%.

Wall Street Analyst Weigh In

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

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.