International Assets Investment Management LLC Grows Position in Rithm Capital Corp. (NYSE:RITM)

International Assets Investment Management LLC increased its stake in shares of Rithm Capital Corp. (NYSE:RITM - Free Report) by 1,006.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 157,972 shares of the real estate investment trust's stock after purchasing an additional 143,697 shares during the period. International Assets Investment Management LLC's holdings in Rithm Capital were worth $1,687,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Lewis Asset Management LLC purchased a new stake in Rithm Capital during the fourth quarter valued at approximately $2,813,000. DAVENPORT & Co LLC purchased a new stake in Rithm Capital during the fourth quarter valued at approximately $119,000. SeaCrest Wealth Management LLC increased its holdings in Rithm Capital by 7.7% during the fourth quarter. SeaCrest Wealth Management LLC now owns 93,020 shares of the real estate investment trust's stock valued at $967,000 after buying an additional 6,660 shares during the last quarter. Ritholtz Wealth Management purchased a new stake in Rithm Capital during the fourth quarter valued at approximately $114,000. Finally, PFG Investments LLC increased its holdings in Rithm Capital by 7.0% during the fourth quarter. PFG Investments LLC now owns 57,515 shares of the real estate investment trust's stock valued at $614,000 after buying an additional 3,787 shares during the last quarter. 44.92% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RITM has been the subject of a number of recent analyst reports. Argus upped their price target on shares of Rithm Capital from $11.00 to $12.00 and gave the stock a "buy" rating in a research report on Tuesday, March 5th. Wedbush reiterated an "outperform" rating and issued a $13.00 price target on shares of Rithm Capital in a research report on Monday, February 26th. Royal Bank of Canada reiterated an "outperform" rating and issued a $12.00 price target on shares of Rithm Capital in a research report on Monday, April 1st. B. Riley upped their price target on shares of Rithm Capital from $12.00 to $13.00 and gave the stock a "buy" rating in a research report on Wednesday, February 21st. Finally, Keefe, Bruyette & Woods upped their target price on shares of Rithm Capital from $11.50 to $12.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 16th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, Rithm Capital has an average rating of "Buy" and a consensus price target of $12.00.

Rithm Capital Price Performance

Rithm Capital stock traded up $0.17 during mid-day trading on Friday, reaching $10.82. 2,233,231 shares of the company's stock traded hands, compared to its average volume of 2,408,078. The company has a market cap of $5.24 billion, a price-to-earnings ratio of 9.84 and a beta of 1.82. The stock has a 50 day moving average of $10.82 and a two-hundred day moving average of $10.43. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.12. Rithm Capital Corp. has a 12-month low of $7.59 and a 12-month high of $11.33.

Rithm Capital (NYSE:RITM - Get Free Report) last released its quarterly earnings results on Wednesday, February 7th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.35 by $0.16. The company had revenue of $709.47 million for the quarter, compared to the consensus estimate of $887.04 million. Rithm Capital had a net margin of 17.15% and a return on equity of 18.49%. During the same quarter in the prior year, the firm earned $0.33 earnings per share. Equities analysts forecast that Rithm Capital Corp. will post 1.69 earnings per share for the current year.

Rithm Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Monday, April 1st will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 9.24%. The ex-dividend date is Thursday, March 28th. Rithm Capital's payout ratio is 90.91%.

Rithm Capital 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.