Bank of New York Mellon Corp Grows Position in Rithm Capital Corp. (NYSE:RITM)

Bank of New York Mellon Corp increased its holdings in shares of Rithm Capital Corp. (NYSE:RITM - Free Report) by 9.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,916,453 shares of the real estate investment trust's stock after purchasing an additional 159,506 shares during the quarter. Bank of New York Mellon Corp owned 0.37% of Rithm Capital worth $20,755,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. World Equity Group Inc. grew its position in Rithm Capital by 87.4% in the 4th quarter. World Equity Group Inc. now owns 309,000 shares of the real estate investment trust's stock valued at $3,346,000 after acquiring an additional 144,100 shares in the last quarter. WESPAC Advisors LLC grew its holdings in shares of Rithm Capital by 23.9% in the fourth quarter. WESPAC Advisors LLC now owns 104,553 shares of the real estate investment trust's stock valued at $1,132,000 after purchasing an additional 20,167 shares in the last quarter. Sigma Planning Corp grew its holdings in shares of Rithm Capital by 30.7% in the fourth quarter. Sigma Planning Corp now owns 97,586 shares of the real estate investment trust's stock valued at $1,057,000 after purchasing an additional 22,925 shares in the last quarter. Pacific Sun Financial Corp increased its stake in Rithm Capital by 51.0% during the 4th quarter. Pacific Sun Financial Corp now owns 30,322 shares of the real estate investment trust's stock worth $328,000 after buying an additional 10,247 shares during the period. Finally, Concurrent Investment Advisors LLC lifted its holdings in Rithm Capital by 28.4% during the 4th quarter. Concurrent Investment Advisors LLC now owns 108,684 shares of the real estate investment trust's stock worth $1,177,000 after buying an additional 24,039 shares in the last quarter. 44.92% of the stock is currently owned by hedge funds and other institutional investors.

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Rithm Capital Stock Down 1.2 %

Shares of NYSE:RITM traded down $0.14 on Wednesday, hitting $11.40. 1,712,779 shares of the company's stock were exchanged, compared to its average volume of 3,409,313. Rithm Capital Corp. has a 1-year low of $10.38 and a 1-year high of $12.20. The company has a market capitalization of $5.93 billion, a PE ratio of 6.82 and a beta of 1.83. 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 firm's 50-day moving average is $11.52 and its 200 day moving average is $11.23.

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 earnings per share (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%. Sell-side analysts predict that Rithm Capital Corp. will post 1.93 EPS for the current year.

Rithm Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.00 annualized dividend and a yield of 8.78%. Rithm Capital's dividend payout ratio is currently 59.88%.

Analyst Ratings Changes

RITM has been the subject of several research reports. JMP Securities restated a "market outperform" rating and issued a $12.50 price target on shares of Rithm Capital in a research note on Thursday, January 23rd. B. Riley raised Rithm Capital to a "strong-buy" rating in a research note on Tuesday, January 7th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $13.00 price target on shares of Rithm Capital in a research report on Thursday, November 21st. Piper Sandler boosted their price objective on Rithm Capital from $11.50 to $12.50 and gave the stock a "neutral" rating in a research report on Friday, February 7th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Rithm Capital from $13.00 to $13.50 and gave the company an "outperform" rating in a report on Tuesday, December 3rd. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price 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.