Rithm Capital Corp. (NYSE:RITM) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its position in Rithm Capital Corp. (NYSE:RITM - Free Report) by 166.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 415,335 shares of the real estate investment trust's stock after buying an additional 259,528 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.08% of Rithm Capital worth $4,714,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of RITM. Northwestern Mutual Wealth Management Co. raised its holdings 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 buying an additional 1,525 shares during the period. Truvestments Capital LLC purchased a new stake in Rithm Capital during the 3rd quarter worth about $43,000. Godsey & Gibb Inc. purchased a new stake in Rithm Capital during the 3rd quarter worth about $51,000. Future Financial Wealth Managment LLC purchased a new stake in Rithm Capital during the 3rd quarter worth about $73,000. Finally, Summit Securities Group LLC purchased a new stake in Rithm Capital during the 2nd quarter worth about $74,000. Hedge funds and other institutional investors own 44.92% of the company's stock.

Rithm Capital Stock Down 0.1 %

Shares of RITM traded down $0.01 during mid-day trading on Wednesday, reaching $11.15. The company's stock had a trading volume of 1,289,416 shares, compared to its average volume of 3,514,755. The company's 50 day moving average is $10.81 and its 200 day moving average is $11.12. The stock has a market cap of $5.80 billion, a PE ratio of 11.27 and a beta of 1.80. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.35 and a quick ratio of 1.35. Rithm Capital Corp. has a 12-month low of $9.97 and a 12-month high of $12.02.

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

Rithm Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 1st were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.00 dividend on an annualized basis and a yield of 8.97%. Rithm Capital's dividend payout ratio is presently 101.01%.

Analyst Upgrades and Downgrades

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

About Rithm Capital

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.