Invesco Ltd. raised its holdings in shares of Rithm Capital Corp. (NYSE:RITM - Free Report) by 9.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 778,190 shares of the real estate investment trust's stock after acquiring an additional 64,635 shares during the quarter. Invesco Ltd. owned approximately 0.15% of Rithm Capital worth $8,428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Rithm Capital in the third quarter valued at about $43,000. Householder Group Estate & Retirement Specialist LLC lifted its holdings in Rithm Capital by 86.7% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 4,439 shares of the real estate investment trust's stock valued at $48,000 after acquiring an additional 2,062 shares during the period. Quadrant Capital Group LLC grew its stake in shares of Rithm Capital by 35.2% during the 4th 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 period. C M Bidwell & Associates Ltd. acquired a new stake in shares of Rithm Capital during the 4th quarter worth approximately $81,000. Finally, FNY Investment Advisers LLC grew its stake in shares of Rithm Capital by 8,600.0% during the 4th quarter. FNY Investment Advisers LLC now owns 8,700 shares of the real estate investment trust's stock worth $94,000 after purchasing an additional 8,600 shares during the period. Hedge funds and other institutional investors own 44.92% of the company's stock.
Rithm Capital Trading Up 0.1 %
Shares of NYSE RITM traded up $0.02 during trading on Tuesday, hitting $10.99. 667,767 shares of the company were exchanged, compared to its average volume of 3,909,282. Rithm Capital Corp. has a 12-month low of $9.13 and a 12-month high of $12.20. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.35 and a current ratio of 1.09. The company has a fifty day moving average price of $11.12 and a 200-day moving average price of $11.09. The firm has a market capitalization of $5.83 billion, a PE ratio of 6.57 and a beta of 1.36.
Rithm Capital (NYSE:RITM - Get Free Report) last issued its quarterly earnings data on Friday, April 25th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.07. The firm had revenue of $28.89 million for the quarter, compared to analyst estimates of $1.27 billion. Rithm Capital had a net margin of 17.79% and a return on equity of 18.15%. During the same period in the previous year, the firm earned $0.48 EPS. As a group, 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 announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 9.10%. The ex-dividend date of this dividend is Monday, March 31st. Rithm Capital's dividend payout ratio is currently 83.33%.
Analyst Ratings Changes
A number of equities research analysts have recently commented on RITM shares. B. Riley raised shares of Rithm Capital to a "strong-buy" rating in a research note on Tuesday, January 7th. UBS Group dropped their price target on shares of Rithm Capital from $14.00 to $13.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. JMP Securities reissued a "market outperform" rating and issued a $12.50 price target on shares of Rithm Capital in a research note on Thursday, January 23rd. BTIG Research reissued a "buy" rating and issued a $16.00 price target on shares of Rithm Capital in a research note on Friday. Finally, Jones Trading reissued a "buy" rating and issued a $12.50 price target on shares of Rithm Capital in a research note on Tuesday. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $13.61.
Get Our Latest Stock Report on RITM
About Rithm Capital
(
Free Report)
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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