SG Americas Securities LLC Has $286,000 Stock Holdings in Rithm Capital Corp. (NYSE:RITM)

SG Americas Securities LLC trimmed its position in Rithm Capital Corp. (NYSE:RITM - Free Report) by 96.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,942 shares of the real estate investment trust's stock after selling 623,028 shares during the quarter. SG Americas Securities LLC's holdings in Rithm Capital were worth $286,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RITM. Quarry LP boosted its stake in shares of Rithm Capital by 47.5% in the 4th quarter. Quarry LP now owns 4,118 shares of the real estate investment trust's stock valued at $45,000 after purchasing an additional 1,327 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in Rithm Capital by 35.2% in the fourth quarter. Quadrant Capital Group LLC now owns 4,655 shares of the real estate investment trust's stock valued at $50,000 after buying an additional 1,211 shares during the period. Quent Capital LLC boosted its stake in Rithm Capital by 58.6% in the first quarter. Quent Capital LLC now owns 5,465 shares of the real estate investment trust's stock valued at $63,000 after acquiring an additional 2,019 shares during the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in Rithm Capital during the 4th quarter worth $81,000. Finally, Versant Capital Management Inc bought a new stake in shares of Rithm Capital during the 1st quarter valued at $98,000. 44.92% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Royal Bank Of Canada restated an "outperform" rating and issued a $13.00 price target on shares of Rithm Capital in a research report on Tuesday, May 20th. Jones Trading restated a "buy" rating and set a $12.50 target price on shares of Rithm Capital in a report on Tuesday, April 29th. Wedbush restated an "outperform" rating and set a $14.00 target price on shares of Rithm Capital in a research report on Monday, May 19th. BTIG Research reiterated a "buy" rating and issued a $16.00 price target on shares of Rithm Capital in a research report on Friday, April 25th. Finally, Piper Sandler raised shares of Rithm Capital from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $12.50 to $14.00 in a research note on Monday, April 28th. Eight analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Rithm Capital presently has an average rating of "Buy" and an average target price of $13.56.

Rithm Capital Stock Up 1.3%

Shares of Rithm Capital stock opened at $11.40 on Friday. Rithm Capital Corp. has a 1 year low of $9.13 and a 1 year high of $12.20. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.35 and a quick ratio of 0.35. The company has a market capitalization of $6.04 billion, a P/E ratio of 9.50 and a beta of 1.26. The business has a 50-day moving average of $11.17 and a two-hundred day moving average of $11.23.

Rithm Capital (NYSE:RITM - Get Free Report) last posted its earnings results 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 business had revenue of $28.89 million during the quarter, compared to analysts' expectations of $1.27 billion. Rithm Capital had a return on equity of 18.38% and a net margin of 15.06%. During the same period in the prior year, the business earned $0.48 EPS. As a group, equities analysts predict that Rithm Capital Corp. will post 1.93 EPS for the current year.

Rithm Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Monday, June 30th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 8.78%. The ex-dividend date is Monday, June 30th. 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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