LSV Asset Management Has $67.18 Million Stock Holdings in Rithm Capital Corp. (NYSE:RITM)

LSV Asset Management lowered its position in shares of Rithm Capital Corp. (NYSE:RITM - Free Report) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,289,890 shares of the real estate investment trust's stock after selling 146,145 shares during the quarter. LSV Asset Management owned 1.30% of Rithm Capital worth $67,176,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC grew its holdings in Rithm Capital by 41.8% during the third quarter. SG Americas Securities LLC now owns 87,500 shares of the real estate investment trust's stock worth $813,000 after acquiring an additional 25,790 shares during the period. Simplicity Solutions LLC increased its holdings in shares of Rithm Capital by 8.0% in the 3rd quarter. Simplicity Solutions LLC now owns 16,346 shares of the real estate investment trust's stock valued at $152,000 after purchasing an additional 1,214 shares in the last quarter. Xponance Inc. increased its holdings in shares of Rithm Capital by 19.5% in the 3rd quarter. Xponance Inc. now owns 20,112 shares of the real estate investment trust's stock valued at $187,000 after purchasing an additional 3,286 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Rithm Capital by 18.1% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 423,207 shares of the real estate investment trust's stock valued at $3,932,000 after purchasing an additional 64,794 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Rithm Capital by 13.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 91,095 shares of the real estate investment trust's stock worth $846,000 after buying an additional 10,569 shares in the last quarter. Hedge funds and other institutional investors own 44.92% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on RITM. Argus lifted their price target on shares of Rithm Capital from $11.00 to $12.00 and gave the company a "buy" rating in a research report on Tuesday, March 5th. Jonestrading boosted their price objective on shares of Rithm Capital from $11.00 to $12.00 and gave the stock a "buy" rating in a research report on Thursday, February 22nd. JMP Securities reissued a "market outperform" rating and issued a $11.00 price objective on shares of Rithm Capital in a research note on Thursday, April 18th. B. Riley lifted their target price 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 lifted their price objective on Rithm Capital from $12.00 to $12.50 and gave the stock an "outperform" rating in a research report on Thursday. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $12.05.

Rithm Capital Trading Up 0.6 %

NYSE:RITM traded up $0.07 during mid-day trading on Friday, reaching $11.32. The company's stock had a trading volume of 2,856,578 shares, compared to its average volume of 2,945,595. Rithm Capital Corp. has a twelve month low of $7.59 and a twelve month high of $11.41. The company's fifty day simple moving average is $10.95 and its two-hundred day simple moving average is $10.56. The stock has a market cap of $5.48 billion, a P/E ratio of 7.55 and a beta of 1.80. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.30 and a quick ratio of 0.30.

Rithm Capital (NYSE:RITM - Get Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The real estate investment trust reported $0.51 earnings per share 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 analyst estimates of $887.04 million. Rithm Capital had a net margin of 19.77% and a return on equity of 19.38%. During the same quarter last year, the business earned $0.33 EPS. On average, equities analysts predict that Rithm Capital Corp. will post 1.69 EPS for the current year.

Rithm Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Monday, April 1st were given a dividend of $0.25 per share. The ex-dividend date was Thursday, March 28th. This represents a $1.00 dividend on an annualized basis and a yield of 8.83%. Rithm Capital's dividend payout ratio (DPR) is 66.67%.

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.