Northern Trust Corp Has $35.57 Million Stock Position in Rithm Capital Corp. (NYSE:RITM)

Northern Trust Corp raised its holdings in Rithm Capital Corp. (NYSE:RITM - Free Report) by 29.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,284,237 shares of the real estate investment trust's stock after buying an additional 750,656 shares during the quarter. Northern Trust Corp owned 0.63% of Rithm Capital worth $35,568,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Rithm Capital during the 3rd quarter valued at $43,000. Quarry LP boosted its position in shares of Rithm Capital by 47.5% during the 4th quarter. Quarry LP now owns 4,118 shares of the real estate investment trust's stock worth $45,000 after purchasing an additional 1,327 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC grew its stake in shares of Rithm Capital by 86.7% in the 4th 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 buying an additional 2,062 shares during the period. Quadrant Capital Group LLC raised its stake in 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 buying an additional 1,211 shares during the period. Finally, C M Bidwell & Associates Ltd. bought a new position in Rithm Capital in the fourth quarter worth approximately $81,000. 44.92% of the stock is currently owned by institutional investors.

Rithm Capital Stock Down 0.4 %

RITM stock opened at $11.23 on Friday. Rithm Capital Corp. has a 1-year low of $9.13 and a 1-year high of $12.20. The stock has a market cap of $5.96 billion, a P/E ratio of 6.72 and a beta of 1.32. The stock's fifty day simple moving average is $10.99 and its two-hundred day simple moving average is $11.11. 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 (NYSE:RITM - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.07. The business had revenue of $28.89 million during the quarter, compared to the consensus estimate of $1.27 billion. Rithm Capital had a net margin of 17.79% and a return on equity of 18.15%. During the same quarter last year, the company posted $0.48 earnings per share. Analysts expect that Rithm Capital Corp. will post 1.93 EPS for the current year.

Rithm Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 8.90%. The ex-dividend date was Monday, March 31st. Rithm Capital's dividend payout ratio (DPR) is 83.33%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on RITM shares. BTIG Research reaffirmed a "buy" rating and set a $16.00 target price on shares of Rithm Capital in a research report on Friday, April 25th. Wedbush reaffirmed an "outperform" rating and issued a $14.00 price objective on shares of Rithm Capital in a research note on Friday, March 28th. Piper Sandler raised shares of Rithm Capital from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $12.50 to $14.00 in a research report on Monday, April 28th. JMP Securities reiterated a "market outperform" rating and set a $12.50 price target on shares of Rithm Capital in a research note on Thursday, January 23rd. Finally, Jones Trading reissued a "buy" rating and issued a $12.50 price objective on shares of Rithm Capital in a research note on Tuesday, April 29th. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $13.61.

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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