Rithm Capital Corp. (NYSE:RITM) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its position in Rithm Capital Corp. (NYSE:RITM - Free Report) by 2.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,853,568 shares of the real estate investment trust's stock after purchasing an additional 94,989 shares during the period. Charles Schwab Investment Management Inc. owned about 1.00% of Rithm Capital worth $51,836,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Parkside Financial Bank & Trust boosted its stake in Rithm Capital by 605.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,489 shares of the real estate investment trust's stock worth $27,000 after buying an additional 2,136 shares in the last quarter. GAMMA Investing LLC bought a new position in Rithm Capital in the 4th quarter valued at approximately $34,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Rithm Capital in the third quarter worth $94,000. Meeder Asset Management Inc. bought a new position in shares of Rithm Capital during the fourth quarter valued at $95,000. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Rithm Capital during the third quarter valued at $103,000. 44.92% of the stock is owned by hedge funds and other institutional investors.

Rithm Capital Stock Up 0.1 %

Shares of RITM stock traded up $0.01 on Friday, hitting $11.47. The stock had a trading volume of 2,635,466 shares, compared to its average volume of 3,033,250. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.20. Rithm Capital Corp. has a one year low of $7.80 and a one year high of $11.60. The business has a 50 day moving average price of $11.06 and a 200 day moving average price of $10.71. The company has a market cap of $5.55 billion, a PE ratio of 7.65 and a beta of 1.80.

Rithm Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Monday, April 1st were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 8.72%. The ex-dividend date was Thursday, March 28th. Rithm Capital's payout ratio is 66.67%.

Analyst Ratings Changes

Several research firms have recently weighed in on RITM. B. Riley reissued a "buy" rating and set a $14.00 price target (up from $13.00) on shares of Rithm Capital in a report on Friday, May 10th. Piper Sandler boosted their target price on shares of Rithm Capital from $10.50 to $12.50 and gave the company a "neutral" rating in a research report on Tuesday. Jonestrading upped their target price on shares of Rithm Capital from $11.00 to $12.00 and gave the company a "buy" rating in a report on Thursday, February 22nd. Wedbush reissued an "outperform" rating and set a $13.00 price target on shares of Rithm Capital in a report on Thursday, May 9th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Rithm Capital from $12.00 to $12.50 and gave the company an "outperform" rating in a research note on Thursday, May 2nd. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $12.32.

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.