Advisors Capital Management LLC lifted its stake in Rithm Capital Corp. (NYSE:RITM - Free Report) by 2.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,602,737 shares of the real estate investment trust's stock after buying an additional 40,637 shares during the period. Advisors Capital Management LLC owned approximately 0.31% of Rithm Capital worth $17,358,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently modified their holdings of the stock. Wilmington Savings Fund Society FSB acquired a new stake in shares of Rithm Capital in the 3rd quarter valued at $43,000. Householder Group Estate & Retirement Specialist LLC boosted its position in Rithm Capital by 86.7% in the fourth 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. Quadrant Capital Group LLC grew its stake in shares of Rithm Capital by 35.2% during the fourth quarter. Quadrant Capital Group LLC now owns 4,655 shares of the real estate investment trust's stock worth $50,000 after buying an additional 1,211 shares during the last quarter. C M Bidwell & Associates Ltd. bought a new position in shares of Rithm Capital in the 4th quarter valued at $81,000. Finally, FNY Investment Advisers LLC grew its position in Rithm Capital by 8,600.0% during the 4th quarter. FNY Investment Advisers LLC now owns 8,700 shares of the real estate investment trust's stock worth $94,000 after acquiring an additional 8,600 shares during the last quarter. 44.92% of the stock is owned by institutional investors and hedge funds.
Rithm Capital Trading Up 1.8 %
Shares of RITM stock opened at $9.74 on Friday. The company's fifty day simple moving average is $11.48 and its two-hundred day simple moving average is $11.13. The stock has a market capitalization of $5.07 billion, a price-to-earnings ratio of 5.83 and a beta of 1.36. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.09 and a quick ratio of 1.35. Rithm Capital Corp. has a 1 year low of $9.13 and a 1 year high of $12.20.
Rithm Capital (NYSE:RITM - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $0.60 EPS for the quarter, beating the consensus estimate of $0.44 by $0.16. Rithm Capital had a net margin of 17.79% and a return on equity of 18.15%. As a group, analysts anticipate that Rithm Capital Corp. will post 1.93 earnings per share for the current year.
Rithm Capital Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 10.26%. The ex-dividend date of this dividend is Monday, March 31st. Rithm Capital's dividend payout ratio is currently 59.88%.
Wall Street Analyst Weigh In
Several analysts recently weighed in on RITM shares. Wedbush reissued an "outperform" rating and issued a $14.00 price objective on shares of Rithm Capital in a research note on Friday, March 28th. B. Riley upgraded shares of Rithm Capital to a "strong-buy" rating in a report on Tuesday, January 7th. JMP Securities restated a "market outperform" rating and issued a $12.50 target price on shares of Rithm Capital in a report on Thursday, January 23rd. Finally, Piper Sandler raised their price target on shares of Rithm Capital from $11.50 to $12.50 and gave the company a "neutral" rating in a research report on Friday, February 7th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Rithm Capital has a consensus rating of "Buy" and a consensus price target of $13.25.
View Our Latest Research Report on Rithm Capital
Rithm Capital Company Profile
(
Free Report)
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.
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