Rithm Capital Corp. (NYSE:RITM) Stock Holdings Lessened by Allworth Financial LP

Allworth Financial LP lessened its stake in shares of Rithm Capital Corp. (NYSE:RITM - Free Report) by 23.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 102,060 shares of the real estate investment trust's stock after selling 31,628 shares during the period. Allworth Financial LP's holdings in Rithm Capital were worth $1,169,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Norges Bank acquired a new stake in shares of Rithm Capital during the fourth quarter worth $76,082,000. Balyasny Asset Management L.P. increased its stake in Rithm Capital by 48.6% in the 4th quarter. Balyasny Asset Management L.P. now owns 6,535,525 shares of the real estate investment trust's stock worth $70,780,000 after purchasing an additional 2,136,342 shares in the last quarter. First Trust Advisors LP raised its holdings in Rithm Capital by 78.3% during the 4th quarter. First Trust Advisors LP now owns 3,304,999 shares of the real estate investment trust's stock worth $35,793,000 after buying an additional 1,451,829 shares during the period. Nomura Holdings Inc. purchased a new stake in Rithm Capital during the fourth quarter valued at about $13,913,000. Finally, Wells Fargo & Company MN boosted its holdings in shares of Rithm Capital by 113.9% in the fourth quarter. Wells Fargo & Company MN now owns 1,464,456 shares of the real estate investment trust's stock worth $15,860,000 after buying an additional 779,771 shares during the period. 44.92% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on RITM. BTIG Research restated a "buy" rating and set a $16.00 price target on shares of Rithm Capital in a report on Friday, April 25th. Jones Trading reissued a "buy" rating and set a $12.50 target price on shares of Rithm Capital in a research note on Tuesday, April 29th. UBS Group reduced their target price on Rithm Capital from $14.00 to $13.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Wedbush reissued an "outperform" rating and set a $14.00 price target on shares of Rithm Capital in a research report on Monday, May 19th. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $13.00 price objective on shares of Rithm Capital in a research note on Tuesday, May 20th. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $13.56.

Rithm Capital Stock Performance

Shares of NYSE RITM opened at $11.67 on Friday. The business's 50-day simple moving average is $11.37 and its 200-day simple moving average is $11.27. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.35 and a current ratio of 0.35. Rithm Capital Corp. has a 52 week low of $9.13 and a 52 week high of $12.20. The firm has a market cap of $6.19 billion, a price-to-earnings ratio of 9.73 and a beta of 1.25.

Rithm Capital (NYSE:RITM - Get Free Report) last announced its earnings results on Friday, April 25th. The real estate investment trust reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.07. The firm had revenue of $28.89 million during the quarter, compared to the consensus estimate of $1.27 billion. Rithm Capital had a return on equity of 18.38% and a net margin of 15.06%. During the same quarter in the prior year, the company earned $0.48 EPS. As a group, equities research analysts expect that Rithm Capital Corp. will post 1.93 earnings per share for the current fiscal year.

Rithm Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.00 annualized dividend and a yield of 8.57%. Rithm Capital's dividend payout ratio is 83.33%.

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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