Redhawk Wealth Advisors Inc. Increases Holdings in Rithm Capital Corp. (NYSE:RITM)

Redhawk Wealth Advisors Inc. boosted its stake in shares of Rithm Capital Corp. (NYSE:RITM - Free Report) by 40.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,846 shares of the real estate investment trust's stock after acquiring an additional 22,031 shares during the quarter. Redhawk Wealth Advisors Inc.'s holdings in Rithm Capital were worth $868,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Barclays PLC boosted its holdings in Rithm Capital by 1.2% during the 4th quarter. Barclays PLC now owns 219,670 shares of the real estate investment trust's stock valued at $2,379,000 after acquiring an additional 2,701 shares during the period. Wedbush Securities Inc. lifted its holdings in Rithm Capital by 13.7% in the 4th quarter. Wedbush Securities Inc. now owns 231,682 shares of the real estate investment trust's stock worth $2,509,000 after buying an additional 27,924 shares during the period. Bank of New York Mellon Corp lifted its holdings in Rithm Capital by 9.1% in the 4th quarter. Bank of New York Mellon Corp now owns 1,916,453 shares of the real estate investment trust's stock worth $20,755,000 after buying an additional 159,506 shares during the period. Vanguard Group Inc. lifted its holdings in Rithm Capital by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 49,008,422 shares of the real estate investment trust's stock worth $530,761,000 after buying an additional 184,802 shares during the period. Finally, Simplify Asset Management Inc. lifted its holdings in Rithm Capital by 30.4% in the 4th quarter. Simplify Asset Management Inc. now owns 175,780 shares of the real estate investment trust's stock worth $1,904,000 after buying an additional 40,980 shares during the period. 44.92% of the stock is currently owned by hedge funds and other institutional investors.

Rithm Capital Price Performance

Shares of Rithm Capital stock traded down $0.18 during trading hours on Friday, hitting $11.28. The company's stock had a trading volume of 3,261,784 shares, compared to its average volume of 4,083,040. The business has a 50 day moving average price of $10.95 and a two-hundred day moving average price of $11.22. Rithm Capital Corp. has a 12-month low of $9.13 and a 12-month high of $12.20. The company has a market cap of $5.98 billion, a PE ratio of 6.75 and a beta of 1.26. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.35 and a current ratio of 1.09.

Rithm Capital (NYSE:RITM - Get Free Report) last issued its earnings results on Friday, April 25th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.07. Rithm Capital had a return on equity of 18.15% and a net margin of 17.79%. The firm had revenue of $28.89 million for the quarter, compared to analysts' expectations of $1.27 billion. During the same period in the previous year, the firm posted $0.48 earnings per share. Analysts expect that Rithm Capital Corp. will post 1.93 earnings per share for the current fiscal year.

Rithm Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were issued a $0.25 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 8.87%. Rithm Capital's dividend payout ratio (DPR) is 83.33%.

Wall Street Analyst Weigh In

RITM has been the subject of several research analyst reports. UBS Group dropped their price objective on Rithm Capital from $14.00 to $13.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Jones Trading reissued a "buy" rating and issued a $12.50 target price on shares of Rithm Capital in a report on Tuesday, April 29th. Royal Bank of Canada reissued an "outperform" rating and issued a $13.00 target price on shares of Rithm Capital in a report on Tuesday, May 20th. Wedbush restated an "outperform" rating and issued a $14.00 price target on shares of Rithm Capital in a research note on Monday, May 19th. Finally, Piper Sandler upgraded Rithm Capital from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $12.50 to $14.00 in a research note on Monday, April 28th. Eight investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $13.56.

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.