Nomura Holdings Inc. Has $21.09 Million Position in Rithm Capital Corp. $RITM

Key Points

• Nomura Holdings Inc. increased its stake in Rithm Capital Corp. by 43.4% in Q1, owning over 1.84 million shares valued at approximately $21 million.
• Several other institutional investors have also significantly boosted their holdings in Rithm Capital, collectively owning 44.92% of the stock.
• Rithm Capital announced a quarterly dividend of $0.25, yielding 8.1%, with a payout ratio of 76.92%.

Nomura Holdings Inc. lifted its stake in shares of Rithm Capital Corp. (NYSE:RITM - Free Report) by 43.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,842,125 shares of the real estate investment trust's stock after purchasing an additional 557,482 shares during the quarter. Nomura Holdings Inc. owned 0.35% of Rithm Capital worth $21,092,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. SouthState Corp bought a new stake in Rithm Capital in the 1st quarter valued at about $25,000. Fourth Dimension Wealth LLC grew its stake in Rithm Capital by 50.0% during the first quarter. Fourth Dimension Wealth LLC now owns 3,000 shares of the real estate investment trust's stock valued at $34,000 after acquiring an additional 1,000 shares in the last quarter. Quarry LP boosted its position in shares of Rithm Capital by 47.5% during the 4th quarter. Quarry LP now owns 4,118 shares of the real estate investment trust's stock valued at $45,000 after acquiring an additional 1,327 shares during the last quarter. SVB Wealth LLC purchased a new stake in Rithm Capital during the first quarter valued at about $57,000. Finally, Quent Capital LLC grew its holdings in shares of Rithm Capital by 58.6% during the 1st quarter. Quent Capital LLC now owns 5,465 shares of the real estate investment trust's stock valued at $63,000 after purchasing an additional 2,019 shares during the last quarter. Institutional investors and hedge funds own 44.92% of the company's stock.

Rithm Capital Stock Performance

NYSE:RITM traded up $0.08 during mid-day trading on Wednesday, hitting $12.35. The stock had a trading volume of 6,187,376 shares, compared to its average volume of 4,872,866. Rithm Capital Corp. has a 52 week low of $9.13 and a 52 week high of $12.61. The stock has a market capitalization of $6.55 billion, a price-to-earnings ratio of 5.63 and a beta of 1.30. The company has a 50 day simple moving average of $12.07 and a 200-day simple moving average of $11.51. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 1.63.

Rithm Capital (NYSE:RITM - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.03. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.18 billion. Rithm Capital had a return on equity of 18.89% and a net margin of 16.72%. On average, research analysts expect that Rithm Capital Corp. will post 1.93 earnings per share for the current fiscal year.

Rithm Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders 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 dividend yield of 8.1%. Rithm Capital's dividend payout ratio is 76.92%.

Wall Street Analyst Weigh In

RITM has been the subject of a number of analyst reports. Wedbush reaffirmed an "outperform" rating and set a $14.00 target price on shares of Rithm Capital in a research note on Wednesday, August 6th. UBS Group increased their target price on Rithm Capital from $14.00 to $16.00 and gave the company a "buy" rating in a research report on Wednesday. Keefe, Bruyette & Woods upped their price objective on shares of Rithm Capital from $13.50 to $14.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 29th. Royal Bank Of Canada raised their price target on shares of Rithm Capital from $13.00 to $14.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Finally, Jones Trading upped their target price on shares of Rithm Capital from $12.50 to $13.50 and gave the stock a "buy" rating in a report on Tuesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company's stock. Based on data from MarketBeat.com, Rithm Capital currently has an average rating of "Buy" and a consensus target price of $14.25.

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.