Walleye Capital LLC Invests $1.83 Million in Rithm Capital Corp. (NYSE:RITM)

Walleye Capital LLC purchased a new stake in shares of Rithm Capital Corp. (NYSE:RITM - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 161,000 shares of the real estate investment trust's stock, valued at approximately $1,827,000.

Other large investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its stake in shares of Rithm Capital by 154.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,513 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 1,525 shares in the last quarter. Truvestments Capital LLC acquired a new position in shares of Rithm Capital during the 3rd quarter worth approximately $43,000. Godsey & Gibb Inc. purchased a new position in shares of Rithm Capital during the 3rd quarter valued at approximately $51,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Rithm Capital during the third quarter worth about $73,000. Finally, Summit Securities Group LLC acquired a new position in shares of Rithm Capital during the 2nd quarter worth about $74,000. 44.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Wedbush reissued an "outperform" rating and set a $14.00 target price on shares of Rithm Capital in a report on Thursday, November 7th. Keefe, Bruyette & Woods increased their price objective on shares of Rithm Capital from $13.00 to $13.50 and gave the company an "outperform" rating in a report on Tuesday. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $13.00 price objective on shares of Rithm Capital in a research report on Thursday, November 21st. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $12.89.

Rithm Capital Stock Down 0.3 %

Shares of NYSE:RITM traded down $0.03 during trading hours on Thursday, reaching $11.12. The stock had a trading volume of 1,239,835 shares, compared to its average volume of 3,510,495. The stock has a market capitalization of $5.78 billion, a price-to-earnings ratio of 11.26 and a beta of 1.80. The firm's 50 day moving average is $10.81 and its 200-day moving average is $11.12. Rithm Capital Corp. has a 1 year low of $9.97 and a 1 year high of $12.02. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.35 and a current ratio of 1.35.

Rithm Capital (NYSE:RITM - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.42 by $0.12. The company had revenue of $619.51 million for the quarter, compared to analysts' expectations of $1.11 billion. Rithm Capital had a return on equity of 17.54% and a net margin of 14.99%. During the same period last year, the firm earned $0.58 earnings per share. Research analysts predict that Rithm Capital Corp. will post 1.89 earnings per share for the current fiscal year.

Rithm Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 1st were given a $0.25 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $1.00 dividend on an annualized basis and a yield of 8.99%. Rithm Capital's dividend payout ratio (DPR) is presently 101.01%.

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.