Rithm Capital Corp. $RITM Shares Bought by NewEdge Advisors LLC

Key Points

• NewEdge Advisors increased its Rithm Capital stake by 670.7% in the second quarter, adding 130,651 shares to own 150,132 shares valued at $1.41 million. Institutional investors collectively own 44.92% of Rithm’s stock.
• Rithm Capital reported quarterly EPS of $0.60, beating analyst expectations of $0.50. The company maintained its $0.25 quarterly dividend, equivalent to $1.00 annually and a yield of about 10.7%.
• RITM recently traded at $9.36, below its 50-day and 200-day moving averages, while analysts maintain a “Moderate Buy” consensus with a $13.15 average price target. The stock’s leverage and high 166.67% dividend payout ratio remain potential concerns.

NewEdge Advisors LLC lifted its position in shares of Rithm Capital Corp. (NYSE:RITM - Free Report) by 670.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 150,132 shares of the real estate investment trust's stock after buying an additional 130,651 shares during the quarter. NewEdge Advisors LLC's holdings in Rithm Capital were worth $1,410,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RITM. Fort Sheridan Advisors LLC lifted its position in shares of Rithm Capital by 0.3% in the fourth quarter. Fort Sheridan Advisors LLC now owns 367,164 shares of the real estate investment trust's stock valued at $4,002,000 after acquiring an additional 1,000 shares in the last quarter. Arizona State Retirement System grew its position in shares of Rithm Capital by 0.7% in the second quarter. Arizona State Retirement System now owns 153,387 shares of the real estate investment trust's stock valued at $1,440,000 after purchasing an additional 1,016 shares during the period. Essex Financial Services Inc. increased its stake in Rithm Capital by 5.5% in the fourth quarter. Essex Financial Services Inc. now owns 19,699 shares of the real estate investment trust's stock valued at $215,000 after purchasing an additional 1,021 shares during the last quarter. Prospera Financial Services Inc lifted its position in Rithm Capital by 5.8% during the fourth quarter. Prospera Financial Services Inc now owns 22,323 shares of the real estate investment trust's stock worth $243,000 after buying an additional 1,215 shares during the period. Finally, Apollon Wealth Management LLC lifted its position in Rithm Capital by 2.3% during the first quarter. Apollon Wealth Management LLC now owns 55,606 shares of the real estate investment trust's stock worth $527,000 after buying an additional 1,273 shares during the period. Institutional investors and hedge funds own 44.92% of the company's stock.

Rithm Capital Price Performance

Rithm Capital stock opened at $9.36 on Monday. The firm has a fifty day moving average of $9.83 and a 200-day moving average of $9.60. Rithm Capital Corp. has a 52-week low of $8.43 and a 52-week high of $12.33. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.19. The firm has a market capitalization of $5.22 billion, a P/E ratio of 15.59, a PEG ratio of 0.59 and a beta of 1.12.

Rithm Capital (NYSE:RITM - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.60 EPS for the quarter, beating the consensus estimate of $0.50 by $0.10. Rithm Capital had a return on equity of 19.86% and a net margin of 9.20%. As a group, analysts predict that Rithm Capital Corp. will post 2.26 EPS for the current year.

Rithm Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 1st will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, October 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.7%. Rithm Capital's dividend payout ratio (DPR) is currently 166.67%.

Key Rithm Capital News

Here are the key news stories impacting Rithm Capital this week:

• Positive Sentiment: Rithm Capital maintained its quarterly common-stock dividend at $0.25 per share, payable October 30 to shareholders of record October 1. The annualized payout of $1.00 implies a dividend yield of roughly 10.6% at the recently reported share price, supporting the stock’s income appeal. Rithm Capital Corp. Declares Third Quarter 2026 Common and Preferred Dividends
• Positive Sentiment: Trading in RITM call options increased approximately 52% above average, with 3,023 calls purchased versus typical daily volume of 1,987. The activity may indicate increased bullish positioning or expectations for a rebound, though options volume alone does not guarantee upward stock movement.
• Positive Sentiment: Rithm also declared dividends on its preferred securities, including $0.6264 for RITM-PA, $0.616 for RITM-PB, $0.5732 for RITM-PC, and $0.4375 for RITM-PD. The declarations reinforce the company’s shareholder-distribution focus and may appeal to income-oriented investors. Rithm Capital preferred dividend announcements
• Neutral Sentiment: Rithm Capital appointed Ann DeVries as head of investor relations. The move could improve communication with shareholders and analysts, but it does not immediately change earnings or the company’s fundamentals. Rithm Capital Appoints Ann DeVries as Head of Investor Relations
• Negative Sentiment: The stock’s recent weakness and position below its short-term moving average suggest investors remain cautious despite Rithm Capital’s attractive payout. Dividend-focused buying may also be offset by concerns about valuation, leverage, and the sustainability of earnings.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on RITM shares. Weiss Ratings upgraded shares of Rithm Capital from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday, August 25th. Piper Sandler lowered their price objective on shares of Rithm Capital from $14.00 to $12.50 and set an "overweight" rating for the company in a research note on Thursday, July 2nd. Compass Point initiated coverage on Rithm Capital in a report on Monday, June 8th. They set a "buy" rating and a $14.00 price objective for the company. Wall Street Zen upgraded Rithm Capital from a "sell" rating to a "hold" rating in a report on Saturday, August 1st. Finally, BTIG Research cut their target price on Rithm Capital from $16.00 to $13.00 and set a "buy" rating on the stock in a research report on Tuesday, June 16th. Ten research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $13.15.

Insider Activity at Rithm Capital

In other news, Director Peggy Hebard sold 14,520 shares of the company's stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $10.18, for a total value of $147,813.60. Following the completion of the transaction, the director directly owned 82,259 shares in the company, valued at approximately $837,396.62. This represents a 15.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.57% of the company's stock.

About Rithm Capital

Rithm Capital Corporation NYSE: RITM is a real estate investment trust that focuses on investments and operating businesses tied to the residential mortgage and real estate markets. The company seeks to generate income from mortgage servicing rights, residential mortgage loans, mortgage-backed securities and other related assets.

Rithm also owns and operates businesses involved in mortgage origination, servicing and related financial services. Its platform includes Newrez, a mortgage company that provides loan origination, servicing and associated services to homeowners and borrowers in the United States.

Want to see what other hedge funds are holding RITM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rithm Capital Corp. (NYSE:RITM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.