Rithm Capital Corp. (NYSE:RITM) Shares Acquired by Consolidated Portfolio Review Corp

Consolidated Portfolio Review Corp grew its holdings in shares of Rithm Capital Corp. (NYSE:RITM - Free Report) by 30.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 115,174 shares of the real estate investment trust's stock after buying an additional 27,018 shares during the quarter. Consolidated Portfolio Review Corp's holdings in Rithm Capital were worth $1,247,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. grew its stake in shares of Rithm Capital by 154.4% in the second 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 in the last quarter. Truvestments Capital LLC purchased a new stake in shares of Rithm Capital during the third quarter valued at approximately $43,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Rithm Capital during the third quarter worth $43,000. Householder Group Estate & Retirement Specialist LLC boosted its stake in shares of 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 purchasing an additional 2,062 shares during the period. Finally, Godsey & Gibb Inc. acquired a new position in Rithm Capital in the 3rd quarter worth $51,000. 44.92% of the stock is currently owned by institutional investors and hedge funds.

Rithm Capital Stock Performance

RITM stock traded down $0.01 during midday trading on Monday, reaching $11.85. The company had a trading volume of 2,120,216 shares, compared to its average volume of 3,774,826. The firm has a market capitalization of $6.16 billion, a PE ratio of 7.09 and a beta of 1.79. The stock has a 50 day moving average price of $11.15 and a 200 day moving average price of $11.14. Rithm Capital Corp. has a fifty-two week low of $10.06 and a fifty-two week high of $12.02. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.63.

Rithm Capital (NYSE:RITM - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.60 EPS for the quarter, topping analysts' consensus estimates of $0.44 by $0.16. Rithm Capital had a return on equity of 18.46% and a net margin of 17.79%. Analysts anticipate that Rithm Capital Corp. will post 1.92 earnings per share for the current year.

Rithm Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were given a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.00 annualized dividend and a yield of 8.44%. Rithm Capital's dividend payout ratio is presently 59.88%.

Wall Street Analyst Weigh In

RITM has been the subject of several recent analyst reports. Wedbush restated an "outperform" rating and set a $14.00 target price on shares of Rithm Capital in a research note on Thursday, November 7th. Keefe, Bruyette & Woods lifted their price objective on Rithm Capital from $13.00 to $13.50 and gave the stock an "outperform" rating in a report on Tuesday, December 3rd. Royal Bank of Canada reissued an "outperform" rating and set a $13.00 price target on shares of Rithm Capital in a research report on Thursday, November 21st. 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. Finally, 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 note on Friday. One analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $12.94.

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.