Rithm Capital Corp. (NYSE:RITM) Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB increased its position in Rithm Capital Corp. (NYSE:RITM - Free Report) by 27.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 183,094 shares of the real estate investment trust's stock after acquiring an additional 39,100 shares during the period. Handelsbanken Fonder AB's holdings in Rithm Capital were worth $2,096,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Yousif Capital Management LLC raised its position in shares of Rithm Capital by 13.4% during the 4th quarter. Yousif Capital Management LLC now owns 14,677 shares of the real estate investment trust's stock worth $159,000 after purchasing an additional 1,735 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Rithm Capital by 13.9% in the fourth quarter. Empowered Funds LLC now owns 18,030 shares of the real estate investment trust's stock valued at $195,000 after acquiring an additional 2,206 shares in the last quarter. Essex Financial Services Inc. boosted its stake in shares of Rithm Capital by 8.1% during the fourth quarter. Essex Financial Services Inc. now owns 17,131 shares of the real estate investment trust's stock valued at $186,000 after acquiring an additional 1,277 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in Rithm Capital by 15.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 21,683 shares of the real estate investment trust's stock valued at $235,000 after purchasing an additional 2,978 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in Rithm Capital by 7.7% in the 4th quarter. Rhumbline Advisers now owns 495,456 shares of the real estate investment trust's stock valued at $5,366,000 after purchasing an additional 35,405 shares in the last quarter. 44.92% of the stock is owned by hedge funds and other institutional investors.

Rithm Capital Stock Down 1.5%

Rithm Capital stock opened at $11.28 on Friday. Rithm Capital Corp. has a twelve month low of $9.13 and a twelve month high of $12.20. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.35 and a current ratio of 1.09. The firm has a market cap of $5.98 billion, a PE ratio of 6.75 and a beta of 1.26. The firm's 50 day moving average price is $10.95 and its two-hundred day moving average price is $11.22.

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

Rithm Capital Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on RITM shares. UBS Group lowered their price objective on Rithm Capital from $14.00 to $13.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Wedbush reaffirmed an "outperform" rating and set a $14.00 price target on shares of Rithm Capital in a research report on Monday, May 19th. Piper Sandler upgraded shares of Rithm Capital from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $12.50 to $14.00 in a report on Monday, April 28th. Jones Trading reiterated a "buy" rating and issued a $12.50 target price on shares of Rithm Capital in a report on Tuesday, April 29th. Finally, BTIG Research restated a "buy" rating and set a $16.00 price target on shares of Rithm Capital in a research note on Friday, April 25th. Eight equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $13.56.

Rithm Capital 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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