Nebula Research & Development LLC Boosts Stock Holdings in Rithm Capital Corp. (NYSE:RITM)

Nebula Research & Development LLC boosted its holdings in Rithm Capital Corp. (NYSE:RITM - Free Report) by 128.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,219 shares of the real estate investment trust's stock after purchasing an additional 31,082 shares during the quarter. Nebula Research & Development LLC's holdings in Rithm Capital were worth $598,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Barclays PLC boosted its stake in Rithm Capital by 1.2% during the fourth quarter. Barclays PLC now owns 219,670 shares of the real estate investment trust's stock valued at $2,379,000 after buying an additional 2,701 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Rithm Capital by 119.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,608,008 shares of the real estate investment trust's stock worth $52,301,000 after acquiring an additional 2,504,529 shares in the last quarter. Wedbush Securities Inc. boosted its position in shares of Rithm Capital by 13.7% during 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 acquiring an additional 27,924 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Rithm Capital by 9.1% in the fourth quarter. Bank of New York Mellon Corp now owns 1,916,453 shares of the real estate investment trust's stock valued at $20,755,000 after purchasing an additional 159,506 shares in the last quarter. Finally, EMC Capital Management increased its position in Rithm Capital by 1,349.0% in the fourth quarter. EMC Capital Management now owns 35,371 shares of the real estate investment trust's stock worth $383,000 after purchasing an additional 32,930 shares during the last quarter. 44.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

RITM has been the subject of several research reports. Jones Trading reiterated a "buy" rating and set a $12.50 price objective on shares of Rithm Capital in a research report on Tuesday, April 29th. Wedbush reaffirmed an "outperform" rating and issued a $14.00 price target on shares of Rithm Capital in a report on Friday, March 28th. BTIG Research reissued a "buy" rating and set a $16.00 price objective on shares of Rithm Capital in a research note on Friday, April 25th. Piper Sandler upgraded Rithm Capital from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $12.50 to $14.00 in a research report on Monday, April 28th. Finally, B. Riley upgraded Rithm Capital to a "strong-buy" rating in a report on Tuesday, January 7th. Eight equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $13.61.

Rithm Capital Trading Up 0.9 %

RITM traded up $0.10 during trading hours on Friday, reaching $11.28. 5,120,687 shares of the company's stock traded hands, compared to its average volume of 3,932,110. 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 firm has a 50-day moving average price of $11.06 and a 200 day moving average price of $11.10. Rithm Capital Corp. has a 52-week low of $9.13 and a 52-week high of $12.20. The firm has a market capitalization of $5.98 billion, a PE ratio of 6.75 and a beta of 1.36.

Rithm Capital (NYSE:RITM - Get Free Report) last posted its quarterly 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 firm had revenue of $28.89 million for the quarter, compared to analysts' expectations of $1.27 billion. During the same period in the prior year, the business posted $0.48 earnings per share. As a group, sell-side analysts predict that Rithm Capital Corp. will post 1.93 EPS for the current fiscal year.

Rithm Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 8.87%. The ex-dividend date of this dividend was Monday, March 31st. Rithm Capital's dividend payout ratio is presently 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.