UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 208,875 Shares of Rithm Capital Corp. (NYSE:RITM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Rithm Capital Corp. (NYSE:RITM - Free Report) by 17.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,381,920 shares of the real estate investment trust's stock after buying an additional 208,875 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.27% of Rithm Capital worth $14,966,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of RITM. Quarry LP increased its position in 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 acquiring an additional 1,327 shares during the period. Quadrant Capital Group LLC grew its stake in shares of 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 worth $50,000 after purchasing an additional 1,211 shares during the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in Rithm Capital in the fourth quarter valued at $81,000. Whittier Trust Co. increased its holdings in Rithm Capital by 1,860.7% in the fourth quarter. Whittier Trust Co. now owns 10,274 shares of the real estate investment trust's stock valued at $111,000 after purchasing an additional 9,750 shares during the period. Finally, Perigon Wealth Management LLC bought a new position in Rithm Capital during the 4th quarter worth $120,000. Institutional investors and hedge funds own 44.92% of the company's stock.

Rithm Capital Stock Up 1.5%

NYSE RITM traded up $0.17 on Tuesday, hitting $11.24. 3,375,956 shares of the company were exchanged, compared to its average volume of 4,035,910. The company has a current ratio of 1.09, a quick ratio of 1.35 and a debt-to-equity ratio of 1.74. The company has a market cap of $5.96 billion, a PE ratio of 6.73 and a beta of 1.32. The stock has a fifty day moving average of $10.88 and a 200-day moving average of $11.20. Rithm Capital Corp. has a 12 month low of $9.13 and a 12 month high of $12.20.

Rithm Capital (NYSE:RITM - Get Free Report) last released its quarterly earnings data 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. Rithm Capital had a net margin of 17.79% and a return on equity of 18.15%. The company had revenue of $28.89 million for the quarter, compared to analysts' expectations of $1.27 billion. During the same quarter in the prior year, the firm earned $0.48 EPS. As a group, analysts forecast that Rithm Capital Corp. will post 1.93 earnings per share for the current year.

Rithm Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were paid a $0.25 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a yield of 8.90%. Rithm Capital's dividend payout ratio (DPR) is presently 83.33%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Jones Trading reiterated a "buy" rating and issued a $12.50 price target on shares of Rithm Capital in a research report on Tuesday, April 29th. UBS Group decreased their target price on shares of Rithm Capital from $14.00 to $13.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Wedbush restated an "outperform" rating and set a $14.00 price target on shares of Rithm Capital in a report on Monday, May 19th. Piper Sandler upgraded shares of Rithm Capital from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $12.50 to $14.00 in a research report on Monday, April 28th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $13.00 target price on shares of Rithm Capital in a research note on Tuesday, May 20th. Eight equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Rithm Capital has a consensus rating of "Buy" and an average target price of $13.56.

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.