Voya Investment Management LLC Sells 143,518 Shares of Rithm Capital Corp. (NYSE:RITM)

Voya Investment Management LLC cut its holdings in Rithm Capital Corp. (NYSE:RITM - Free Report) by 24.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 446,122 shares of the real estate investment trust's stock after selling 143,518 shares during the quarter. Voya Investment Management LLC owned 0.09% of Rithm Capital worth $4,832,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RITM. Barclays PLC boosted its position in shares of Rithm Capital by 1.2% in the 4th quarter. Barclays PLC now owns 219,670 shares of the real estate investment trust's stock worth $2,379,000 after buying an additional 2,701 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Rithm Capital by 119.1% in the third quarter. JPMorgan Chase & Co. now owns 4,608,008 shares of the real estate investment trust's stock valued at $52,301,000 after buying an additional 2,504,529 shares in the last quarter. Wedbush Securities Inc. increased its stake in Rithm Capital by 13.7% during the 4th quarter. Wedbush Securities Inc. now owns 231,682 shares of the real estate investment trust's stock worth $2,509,000 after buying an additional 27,924 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Rithm Capital by 9.1% during the 4th quarter. Bank of New York Mellon Corp now owns 1,916,453 shares of the real estate investment trust's stock valued at $20,755,000 after buying an additional 159,506 shares during the last quarter. Finally, EMC Capital Management raised its stake in shares of Rithm Capital by 1,349.0% in the 4th quarter. EMC Capital Management now owns 35,371 shares of the real estate investment trust's stock valued at $383,000 after purchasing an additional 32,930 shares in the last quarter. Institutional investors and hedge funds own 44.92% of the company's stock.

Rithm Capital Trading Up 1.1 %

NYSE RITM traded up $0.13 on Monday, reaching $11.41. The company had a trading volume of 3,118,371 shares, compared to its average volume of 3,929,771. Rithm Capital Corp. has a 52 week low of $9.13 and a 52 week high of $12.20. The company has a quick ratio of 1.35, a current ratio of 1.09 and a debt-to-equity ratio of 1.74. The stock has a market cap of $6.05 billion, a price-to-earnings ratio of 6.83 and a beta of 1.36. The stock's 50 day moving average is $11.06 and its 200-day moving average is $11.10.

Rithm Capital (NYSE:RITM - Get Free Report) last issued its quarterly earnings results on Friday, April 25th. The real estate investment trust reported $0.52 EPS for the quarter, beating the consensus estimate of $0.45 by $0.07. The firm had revenue of $28.89 million during the quarter, compared to analysts' expectations of $1.27 billion. Rithm Capital had a return on equity of 18.15% and a net margin of 17.79%. During the same period in the prior year, the firm posted $0.48 earnings per share. Equities analysts predict that Rithm Capital Corp. will post 1.93 earnings per share for the current year.

Rithm Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 31st were given a dividend of $0.25 per share. The ex-dividend date was Monday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 8.77%. Rithm Capital's dividend payout ratio is currently 83.33%.

Analyst Ratings Changes

Several research firms recently weighed in on RITM. Piper Sandler upgraded shares of Rithm Capital from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $12.50 to $14.00 in a research note on Monday, April 28th. Wedbush reaffirmed an "outperform" rating and set a $14.00 target price on shares of Rithm Capital in a research note on Friday, March 28th. Jones Trading reissued a "buy" rating and set a $12.50 price objective on shares of Rithm Capital in a research note on Tuesday, April 29th. B. Riley upgraded shares of Rithm Capital to a "strong-buy" rating in a report on Tuesday, January 7th. Finally, UBS Group dropped their price target on Rithm Capital from $14.00 to $13.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Rithm Capital has an average 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.