Rithm Capital Corp. (NYSE:RITM) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC decreased its position in Rithm Capital Corp. (NYSE:RITM - Free Report) by 7.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 429,497 shares of the real estate investment trust's stock after selling 35,541 shares during the quarter. Commonwealth Equity Services LLC owned 0.08% of Rithm Capital worth $4,651,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in RITM. Charles Schwab Investment Management Inc. lifted its holdings in Rithm Capital by 7.3% during the 3rd 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. increased its position in shares of Rithm Capital by 119.1% during the third quarter. JPMorgan Chase & Co. now owns 4,608,008 shares of the real estate investment trust's stock worth $52,301,000 after acquiring an additional 2,504,529 shares during the period. Neo Ivy Capital Management acquired a new stake in shares of Rithm Capital in the third quarter valued at $1,476,000. Bank of New York Mellon Corp boosted its holdings in Rithm Capital by 9.1% in the fourth quarter. Bank of New York Mellon Corp now owns 1,916,453 shares of the real estate investment trust's stock valued at $20,755,000 after purchasing an additional 159,506 shares during the period. Finally, EMC Capital Management grew its stake in Rithm Capital by 1,349.0% during the 4th quarter. EMC Capital Management now owns 35,371 shares of the real estate investment trust's stock worth $383,000 after purchasing an additional 32,930 shares in the last quarter. 44.92% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

A number of equities research analysts have issued reports on RITM shares. JMP Securities reaffirmed a "market outperform" rating and issued a $12.50 price target on shares of Rithm Capital in a research report on Thursday, January 23rd. B. Riley upgraded shares of Rithm Capital to a "strong-buy" rating in a research note on Tuesday, January 7th. Piper Sandler increased their price objective 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. Finally, Keefe, Bruyette & Woods lifted 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. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Rithm Capital has a consensus rating of "Buy" and a consensus price target of $13.25.

Rithm Capital Stock Down 0.3 %

Shares of NYSE:RITM traded down $0.04 during trading on Thursday, hitting $11.63. 2,827,512 shares of the company were exchanged, compared to its average volume of 3,866,913. The firm's 50 day moving average price is $11.67 and its 200-day moving average price is $11.23. Rithm Capital Corp. has a 12-month low of $10.38 and a 12-month high of $12.19. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.09 and a quick ratio of 1.35. The stock has a market capitalization of $6.05 billion, a P/E ratio of 6.96 and a beta of 1.83.

Rithm Capital (NYSE:RITM - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.60 earnings per share (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%. On average, research analysts predict that Rithm Capital Corp. will post 1.93 earnings per share for the current fiscal year.

Rithm Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 8.60%. The ex-dividend date of this dividend is Monday, March 31st. Rithm Capital's dividend payout ratio (DPR) is 59.88%.

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.