Wells Fargo & Company MN Has $15.86 Million Stock Holdings in Rithm Capital Corp. (NYSE:RITM)

Wells Fargo & Company MN lifted its stake in Rithm Capital Corp. (NYSE:RITM - Free Report) by 113.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,464,456 shares of the real estate investment trust's stock after acquiring an additional 779,771 shares during the period. Wells Fargo & Company MN owned 0.28% of Rithm Capital worth $15,860,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Rithm Capital during the third quarter worth approximately $43,000. Householder Group Estate & Retirement Specialist LLC raised its stake in shares of Rithm Capital by 86.7% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 4,439 shares of the real estate investment trust's stock valued at $48,000 after buying an additional 2,062 shares in the last quarter. C M Bidwell & Associates Ltd. acquired a new position in Rithm Capital in the fourth quarter worth about $81,000. FNY Investment Advisers LLC boosted its stake in Rithm Capital by 8,600.0% in the 4th quarter. FNY Investment Advisers LLC now owns 8,700 shares of the real estate investment trust's stock valued at $94,000 after buying an additional 8,600 shares in the last quarter. Finally, Whittier Trust Co. grew its holdings in shares of Rithm Capital by 1,860.7% in the 4th quarter. Whittier Trust Co. now owns 10,274 shares of the real estate investment trust's stock worth $111,000 after purchasing an additional 9,750 shares during the last quarter. Institutional investors own 44.92% of the company's stock.

Rithm Capital Stock Performance

RITM traded up $0.11 during trading hours on Friday, reaching $10.13. The company's stock had a trading volume of 4,871,959 shares, compared to its average volume of 3,851,335. Rithm Capital Corp. has a 52 week low of $9.13 and a 52 week high of $12.20. The firm has a market cap of $5.37 billion, a PE ratio of 6.06 and a beta of 1.36. The company's 50-day moving average is $11.31 and its 200-day moving average is $11.10. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.35 and a current ratio of 1.09.

Rithm Capital (NYSE:RITM - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.60 EPS for the quarter, beating analysts' consensus estimates of $0.44 by $0.16. Rithm Capital had a return on equity of 18.15% and a net margin of 17.79%. On average, equities analysts forecast that Rithm Capital Corp. will post 1.93 EPS for the current year.

Rithm Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be given a dividend of $0.25 per share. The ex-dividend date is Monday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 9.87%. Rithm Capital's dividend payout ratio is 59.88%.

Wall Street Analyst Weigh In

RITM has been the topic of several research analyst reports. UBS Group decreased their target price on Rithm Capital from $14.00 to $13.00 and set a "buy" rating on the stock in a report on Wednesday. Wedbush restated an "outperform" rating and issued a $14.00 price target on shares of Rithm Capital in a research report on Friday, March 28th. B. Riley raised shares of Rithm Capital to a "strong-buy" rating in a research note on Tuesday, January 7th. Piper Sandler boosted their price objective on Rithm Capital from $11.50 to $12.50 and gave the company a "neutral" rating in a research report on Friday, February 7th. Finally, JMP Securities restated a "market outperform" rating and issued a $12.50 price target on shares of Rithm Capital in a report on Thursday, January 23rd. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $13.21.

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.