91,949 Shares in Rithm Capital Corp. (NYSE:RITM) Acquired by Boston Partners

Boston Partners purchased a new position in shares of Rithm Capital Corp. (NYSE:RITM - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 91,949 shares of the real estate investment trust's stock, valued at approximately $996,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. grew its holdings in shares of Rithm Capital by 7.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,364,962 shares of the real estate investment trust's stock worth $60,892,000 after buying an additional 366,600 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Rithm Capital by 119.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,608,008 shares of the real estate investment trust's stock valued at $52,301,000 after acquiring an additional 2,504,529 shares during the last quarter. Neo Ivy Capital Management purchased a new position in Rithm Capital in the 3rd quarter worth approximately $1,476,000. Bank of New York Mellon Corp boosted its holdings 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 worth $20,755,000 after purchasing an additional 159,506 shares during the last quarter. Finally, EMC Capital Management grew its position in shares of Rithm Capital by 1,349.0% in the fourth 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. 44.92% of the stock is owned by hedge funds and other institutional investors.

Rithm Capital Trading Down 0.0 %

Shares of NYSE RITM traded down $0.01 during trading on Wednesday, reaching $11.68. The stock had a trading volume of 4,063,249 shares, compared to its average volume of 3,448,750. 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 company has a market cap of $6.08 billion, a P/E ratio of 6.99 and a beta of 1.83. Rithm Capital Corp. has a fifty-two week low of $10.38 and a fifty-two week high of $12.20. The business's 50-day moving average price is $11.67 and its 200-day moving average price is $11.23.

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

Rithm Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a yield of 8.57%. Rithm Capital's dividend payout ratio (DPR) is presently 59.88%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on RITM shares. JMP Securities reaffirmed a "market outperform" rating and issued a $12.50 target price on shares of Rithm Capital in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods raised their price objective on shares of Rithm Capital from $13.00 to $13.50 and gave the stock an "outperform" rating in a research report on Tuesday, December 3rd. B. Riley upgraded shares of Rithm Capital to a "strong-buy" rating in a report on Tuesday, January 7th. Finally, Piper Sandler raised their price target on shares of Rithm Capital from $11.50 to $12.50 and gave the stock a "neutral" rating in a report on Friday, February 7th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $13.25.

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.