MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $18.96 Million Stock Position in Rithm Capital Corp. (NYSE:RITM)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Rithm Capital Corp. (NYSE:RITM - Free Report) by 6.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,750,190 shares of the real estate investment trust's stock after acquiring an additional 111,384 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.34% of Rithm Capital worth $18,955,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Barclays PLC increased its stake in shares of Rithm Capital by 1.2% during the fourth quarter. Barclays PLC now owns 219,670 shares of the real estate investment trust's stock worth $2,379,000 after purchasing an additional 2,701 shares during the period. Wedbush Securities Inc. grew its holdings in Rithm Capital by 13.7% in the 4th quarter. Wedbush Securities Inc. now owns 231,682 shares of the real estate investment trust's stock valued at $2,509,000 after buying an additional 27,924 shares in the last quarter. Bank of New York Mellon Corp increased its position in Rithm Capital by 9.1% during the 4th quarter. Bank of New York Mellon Corp now owns 1,916,453 shares of the real estate investment trust's stock worth $20,755,000 after buying an additional 159,506 shares during the period. EMC Capital Management lifted its holdings in shares of Rithm Capital by 1,349.0% during the fourth quarter. EMC Capital Management now owns 35,371 shares of the real estate investment trust's stock worth $383,000 after buying an additional 32,930 shares in the last quarter. Finally, Meridian Financial Partners LLC bought a new stake in shares of Rithm Capital in the fourth quarter valued at about $898,000. 44.92% of the stock is currently owned by institutional investors and hedge funds.

Rithm Capital Stock Performance

NYSE RITM opened at $11.56 on Thursday. The firm's 50 day simple moving average is $10.98 and its 200 day simple moving average is $11.13. The firm has a market capitalization of $6.13 billion, a price-to-earnings ratio of 6.92 and a beta of 1.32. The company has a current ratio of 1.09, a quick ratio of 1.35 and a debt-to-equity ratio of 1.74. Rithm Capital Corp. has a 1 year low of $9.13 and a 1 year high of $12.20.

Rithm Capital (NYSE:RITM - Get Free Report) last issued its earnings results on Friday, April 25th. The real estate investment trust reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates 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 last year, the business posted $0.48 EPS. As a group, research analysts expect that Rithm Capital Corp. will post 1.93 earnings per share for the current fiscal year.

Rithm Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 31st were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 8.65%. The ex-dividend date was Monday, March 31st. Rithm Capital's dividend payout ratio (DPR) is presently 83.33%.

Analyst Ratings Changes

A number of research firms recently commented on RITM. UBS Group lowered 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 report on Wednesday, April 16th. Piper Sandler raised shares of Rithm Capital from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $12.50 to $14.00 in a report on Monday, April 28th. JMP Securities reiterated a "market outperform" rating and issued a $12.50 price target on shares of Rithm Capital in a research note on Thursday, January 23rd. Wedbush reissued an "outperform" rating and set a $14.00 price target on shares of Rithm Capital in a research report on Friday, March 28th. Finally, BTIG Research reaffirmed a "buy" rating and issued a $16.00 price objective on shares of Rithm Capital in a report on Friday, April 25th. Eight equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average 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.

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