MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $19.01 Million Stock Holdings in Rithm Capital Corp. $RITM

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lessened its stake in Rithm Capital Corp. (NYSE:RITM - Free Report) by 5.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,660,206 shares of the real estate investment trust's stock after selling 89,984 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.31% of Rithm Capital worth $19,009,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of RITM. The Manufacturers Life Insurance Company raised its position in Rithm Capital by 4.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 130,353 shares of the real estate investment trust's stock worth $1,412,000 after purchasing an additional 5,654 shares during the last quarter. Ameriprise Financial Inc. raised its position in Rithm Capital by 7.6% in the 4th quarter. Ameriprise Financial Inc. now owns 803,233 shares of the real estate investment trust's stock worth $8,702,000 after purchasing an additional 56,992 shares during the last quarter. Cary Street Partners Financial LLC bought a new position in Rithm Capital in the 4th quarter worth approximately $239,000. Cetera Investment Advisers raised its position in Rithm Capital by 3.7% in the 4th quarter. Cetera Investment Advisers now owns 277,531 shares of the real estate investment trust's stock worth $3,006,000 after purchasing an additional 9,936 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. raised its position in Rithm Capital by 18.0% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,215,667 shares of the real estate investment trust's stock worth $13,166,000 after purchasing an additional 185,476 shares during the last quarter. Institutional investors own 44.92% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on RITM shares. Keefe, Bruyette & Woods boosted their price objective on shares of Rithm Capital from $13.50 to $14.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 29th. Wedbush reiterated an "outperform" rating and set a $14.00 target price on shares of Rithm Capital in a research report on Wednesday, August 6th. Jones Trading upped their target price on shares of Rithm Capital from $12.50 to $13.50 and gave the company a "buy" rating in a research report on Tuesday, July 29th. UBS Group upped their target price on shares of Rithm Capital from $14.00 to $16.00 and gave the company a "buy" rating in a research report on Wednesday, September 3rd. Finally, Royal Bank Of Canada upped their target price on shares of Rithm Capital from $13.00 to $14.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $14.25.

Rithm Capital Trading Down 1.3%

Shares of RITM traded down $0.16 during trading hours on Friday, reaching $12.38. The stock had a trading volume of 5,032,203 shares, compared to its average volume of 4,230,302. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.63. Rithm Capital Corp. has a 52 week low of $9.13 and a 52 week high of $12.74. The firm has a 50-day moving average of $12.20 and a 200 day moving average of $11.54. The company has a market cap of $6.56 billion, a P/E ratio of 9.52 and a beta of 1.30.

Rithm Capital (NYSE:RITM - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.03. Rithm Capital had a net margin of 16.72% and a return on equity of 18.89%. The business had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.18 billion. On average, sell-side 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 announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 30th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.00 dividend on an annualized basis and a yield of 8.1%. Rithm Capital's dividend payout ratio is presently 76.92%.

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.