Moore Capital Management LP Has $16.73 Million Stock Position in Rithm Capital Corp. (NYSE:RITM)

Moore Capital Management LP raised its stake in Rithm Capital Corp. (NYSE:RITM - Free Report) by 30.9% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,545,000 shares of the real estate investment trust's stock after buying an additional 365,000 shares during the quarter. Moore Capital Management LP owned approximately 0.30% of Rithm Capital worth $16,732,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. SeaCrest Wealth Management LLC increased its holdings in shares of Rithm Capital by 1.0% in the 4th quarter. SeaCrest Wealth Management LLC now owns 94,566 shares of the real estate investment trust's stock worth $1,024,000 after acquiring an additional 951 shares during the period. 1620 Investment Advisors Inc. increased its stake in shares of Rithm Capital by 2.1% in the fourth quarter. 1620 Investment Advisors Inc. now owns 46,035 shares of the real estate investment trust's stock valued at $499,000 after purchasing an additional 960 shares during the period. Summit Trail Advisors LLC raised its holdings in shares of Rithm Capital by 2.0% during the fourth quarter. Summit Trail Advisors LLC now owns 49,380 shares of the real estate investment trust's stock valued at $547,000 after buying an additional 967 shares during the last quarter. Steward Partners Investment Advisory LLC raised its holdings in shares of Rithm Capital by 2.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 35,792 shares of the real estate investment trust's stock valued at $388,000 after buying an additional 1,016 shares during the last quarter. Finally, US Bancorp DE boosted its position in shares of Rithm Capital by 3.7% during the fourth quarter. US Bancorp DE now owns 32,458 shares of the real estate investment trust's stock worth $352,000 after buying an additional 1,155 shares during the period. Institutional investors and hedge funds own 44.92% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. UBS Group lowered their target price on Rithm Capital from $14.00 to $13.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Wedbush reissued an "outperform" rating and issued a $14.00 price target on shares of Rithm Capital in a research note on Friday, March 28th. Jones Trading restated a "buy" rating and set a $12.50 price objective on shares of Rithm Capital in a research note on Tuesday, April 29th. JMP Securities reaffirmed a "market outperform" rating and issued a $12.50 price objective on shares of Rithm Capital in a report on Thursday, January 23rd. Finally, Piper Sandler raised shares of Rithm Capital from a "neutral" rating to an "overweight" rating and raised their target price for the company from $12.50 to $14.00 in a research note on Monday, April 28th. Eight investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $13.56.

Rithm Capital Price Performance

RITM stock traded up $0.06 during trading hours on Thursday, hitting $11.60. 4,503,362 shares of the stock traded hands, compared to its average volume of 3,986,620. Rithm Capital Corp. has a one year low of $9.13 and a one year high of $12.20. 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 $6.15 billion, a P/E ratio of 6.95 and a beta of 1.32. The stock has a 50-day simple moving average of $10.98 and a 200 day simple moving average of $11.14.

Rithm Capital (NYSE:RITM - Get Free Report) last released its earnings results on Friday, April 25th. The real estate investment trust reported $0.52 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 business had revenue of $28.89 million for the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the previous year, the firm earned $0.48 EPS. Equities analysts forecast that Rithm Capital Corp. will post 1.93 earnings per share for the current year.

Rithm Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were issued a $0.25 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 8.62%. Rithm Capital's dividend payout ratio is currently 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.