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

Voya Investment Management LLC trimmed its position in shares of Rithm Capital Corp. (NYSE:RITM - Free Report) by 24.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund 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 about 0.09% of Rithm Capital worth $4,832,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Rithm Capital by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 49,008,422 shares of the real estate investment trust's stock valued at $530,761,000 after purchasing an additional 184,802 shares during the period. Geode Capital Management LLC increased its holdings in Rithm Capital by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 8,494,199 shares of the real estate investment trust's stock valued at $92,021,000 after buying an additional 79,142 shares during the last quarter. Norges Bank bought a new position in Rithm Capital in the fourth quarter worth approximately $76,082,000. JPMorgan Chase & Co. boosted its stake in shares of Rithm Capital by 119.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,608,008 shares of the real estate investment trust's stock worth $52,301,000 after acquiring an additional 2,504,529 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in shares of Rithm Capital by 0.9% during the 4th quarter. Wellington Management Group LLP now owns 3,600,461 shares of the real estate investment trust's stock valued at $38,993,000 after acquiring an additional 32,544 shares during the period. 44.92% of the stock is currently owned by institutional investors.

Rithm Capital Price Performance

NYSE:RITM traded down $0.10 during trading hours on Tuesday, reaching $11.26. The stock had a trading volume of 647,915 shares, compared to its average volume of 3,923,402. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.35 and a current ratio of 1.09. The stock has a market capitalization of $5.97 billion, a PE ratio of 6.75 and a beta of 1.36. Rithm Capital Corp. has a 52 week low of $9.13 and a 52 week high of $12.20. The company has a 50 day moving average price of $11.05 and a two-hundred day moving average price of $11.10.

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

Rithm Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders 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 8.88%. Rithm Capital's dividend payout ratio (DPR) is presently 83.33%.

Wall Street Analysts Forecast Growth

RITM has been the topic of several analyst reports. BTIG Research reiterated a "buy" rating and set a $16.00 target price on shares of Rithm Capital in a research report on Friday, April 25th. B. Riley upgraded Rithm Capital to a "strong-buy" rating in a research note on Tuesday, January 7th. Piper Sandler upgraded shares of Rithm Capital from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $12.50 to $14.00 in a research note on Monday, April 28th. Jones Trading reissued a "buy" rating and issued a $12.50 price objective on shares of Rithm Capital in a research note on Tuesday, April 29th. Finally, UBS Group lowered their target price on shares of Rithm Capital from $14.00 to $13.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Eight equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Rithm Capital currently has an average rating of "Buy" and a consensus target price 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.