Universal Beteiligungs und Servicegesellschaft mbH Takes $4.53 Million Position in Rithm Capital Corp. (NYSE:RITM)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Rithm Capital Corp. (NYSE:RITM - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 418,062 shares of the real estate investment trust's stock, valued at approximately $4,528,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.08% of Rithm Capital as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Rithm Capital by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 49,008,422 shares of the real estate investment trust's stock worth $530,761,000 after purchasing an additional 184,802 shares during the period. Geode Capital Management LLC raised its holdings in Rithm Capital by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 8,494,199 shares of the real estate investment trust's stock worth $92,021,000 after purchasing an additional 79,142 shares during the period. Norges Bank bought a new stake in Rithm Capital during the fourth quarter valued at about $76,082,000. Balyasny Asset Management L.P. lifted its position in shares of Rithm Capital by 48.6% in the fourth quarter. Balyasny Asset Management L.P. now owns 6,535,525 shares of the real estate investment trust's stock valued at $70,780,000 after acquiring an additional 2,136,342 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in Rithm Capital by 0.9% in the 4th quarter. Wellington Management Group LLP now owns 3,600,461 shares of the real estate investment trust's stock worth $38,993,000 after purchasing an additional 32,544 shares in the last quarter. 44.92% of the stock is owned by institutional investors.

Rithm Capital Trading Down 0.0%

RITM traded down $0.01 on Thursday, hitting $11.21. The company had a trading volume of 3,861,243 shares, compared to its average volume of 4,048,879. Rithm Capital Corp. has a 12-month low of $9.13 and a 12-month high of $12.20. The company has a quick ratio of 1.35, a current ratio of 1.09 and a debt-to-equity ratio of 1.74. The business's fifty day simple moving average is $10.88 and its 200 day simple moving average is $11.20. The company has a market cap of $5.94 billion, a PE ratio of 6.71 and a beta of 1.32.

Rithm Capital (NYSE:RITM - Get Free Report) last released its earnings results on Friday, April 25th. The real estate investment trust reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.07. Rithm Capital had a return on equity of 18.15% and a net margin of 17.79%. The firm had revenue of $28.89 million for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the previous year, the company posted $0.48 EPS. Equities research analysts expect that Rithm Capital Corp. will post 1.93 EPS 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 dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 8.92%. The ex-dividend date of this dividend was Monday, March 31st. Rithm Capital's payout ratio is 83.33%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on RITM. 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 note on Friday, April 25th. UBS Group dropped their price objective on shares of Rithm Capital from $14.00 to $13.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Piper Sandler upgraded Rithm Capital from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $12.50 to $14.00 in a research report on Monday, April 28th. Finally, Jones Trading reiterated a "buy" rating and issued a $12.50 target price on shares of Rithm Capital in a research report on Tuesday, April 29th. Eight equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target 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.