Rithm Capital Corp. (NYSE:RITM) Shares Bought by PFG Investments LLC

PFG Investments LLC grew its holdings in Rithm Capital Corp. (NYSE:RITM - Free Report) by 170.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 155,772 shares of the real estate investment trust's stock after acquiring an additional 98,257 shares during the quarter. PFG Investments LLC's holdings in Rithm Capital were worth $1,738,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of RITM. Parkside Financial Bank & Trust boosted its stake in Rithm Capital by 605.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,489 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 2,136 shares in the last quarter. American National Bank acquired a new stake in shares of Rithm Capital during the fourth quarter worth $27,000. Raleigh Capital Management Inc. grew its holdings in shares of Rithm Capital by 125.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 2,986 shares of the real estate investment trust's stock valued at $32,000 after buying an additional 1,661 shares during the last quarter. GAMMA Investing LLC acquired a new position in shares of Rithm Capital in the 4th quarter valued at $34,000. Finally, Castleview Partners LLC raised its stake in Rithm Capital by 690.6% in the 3rd quarter. Castleview Partners LLC now owns 4,016 shares of the real estate investment trust's stock worth $37,000 after acquiring an additional 3,508 shares during the last quarter. Hedge funds and other institutional investors own 44.92% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on RITM shares. Argus upped their target price on Rithm Capital from $11.00 to $12.00 and gave the company a "buy" rating in a research report on Tuesday, March 5th. Jonestrading increased their price objective on shares of Rithm Capital from $11.00 to $12.00 and gave the stock a "buy" rating in a research note on Thursday, February 22nd. Keefe, Bruyette & Woods boosted their target price on shares of Rithm Capital from $11.50 to $12.00 and gave the company an "outperform" rating in a research report on Tuesday, April 16th. B. Riley increased their price target on Rithm Capital from $12.00 to $13.00 and gave the stock a "buy" rating in a research report on Wednesday, February 21st. Finally, JMP Securities reiterated a "market outperform" rating and set a $11.00 price objective on shares of Rithm Capital in a research note on Thursday, April 18th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, Rithm Capital presently has a consensus rating of "Buy" and an average target price of $12.00.

Rithm Capital Price Performance

Shares of NYSE:RITM traded up $0.09 during trading on Friday, reaching $11.21. 3,585,902 shares of the company's stock traded hands, compared to its average volume of 2,346,803. 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 fifty-two week low of $7.59 and a fifty-two week high of $11.33. The company has a 50-day simple moving average of $10.89 and a 200-day simple moving average of $10.48. The firm has a market cap of $5.42 billion, a PE ratio of 10.19 and a beta of 1.82.

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

Rithm Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Monday, April 1st were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 8.92%. The ex-dividend date was Thursday, March 28th. Rithm Capital's dividend payout ratio is presently 90.91%.

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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