Fort Sheridan Advisors LLC grew its position in shares of Rithm Capital Corp. (NYSE:RITM - Free Report) by 44.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 331,243 shares of the real estate investment trust's stock after acquiring an additional 102,266 shares during the quarter. Fort Sheridan Advisors LLC owned about 0.06% of Rithm Capital worth $3,587,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of RITM. Truvestments Capital LLC bought a new position in Rithm Capital during the third quarter valued at $43,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Rithm Capital during the 3rd quarter valued at about $43,000. Householder Group Estate & Retirement Specialist LLC lifted its holdings in shares of Rithm Capital by 86.7% in the 4th 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 acquiring an additional 2,062 shares during the last quarter. Allworth Financial LP grew its position in Rithm Capital by 281.2% in the third quarter. Allworth Financial LP now owns 8,695 shares of the real estate investment trust's stock worth $99,000 after acquiring an additional 6,414 shares in the last quarter. Finally, FNY Investment Advisers LLC increased its stake in Rithm Capital by 8,600.0% during the fourth 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 hedge funds and other institutional investors.
Rithm Capital Trading Down 1.8 %
Shares of NYSE:RITM traded down $0.22 on Monday, hitting $11.93. 6,726,888 shares of the company's stock were exchanged, compared to its average volume of 3,833,413. The stock has a market capitalization of $6.21 billion, a price-to-earnings ratio of 7.14 and a beta of 1.79. Rithm Capital Corp. has a 12 month low of $10.38 and a 12 month high of $12.20. 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 business's 50 day simple moving average is $11.42 and its two-hundred day simple moving average is $11.22.
Rithm Capital (NYSE:RITM - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.60 earnings per share for the quarter, beating analysts' consensus estimates of $0.44 by $0.16. Rithm Capital had a net margin of 17.79% and a return on equity of 18.15%. Analysts anticipate that Rithm Capital Corp. will post 1.93 EPS for the current fiscal year.
Rithm Capital Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.00 annualized dividend and a dividend yield of 8.38%. Rithm Capital's dividend payout ratio is currently 59.88%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on the company. Keefe, Bruyette & Woods raised their price objective on Rithm Capital from $13.00 to $13.50 and gave the company an "outperform" rating in a research note on Tuesday, December 3rd. Piper Sandler raised their price target on Rithm Capital from $11.50 to $12.50 and gave the stock a "neutral" rating in a research report on Friday, February 7th. Wedbush reiterated an "outperform" rating and set a $14.00 price objective on shares of Rithm Capital in a research report on Thursday, November 7th. B. Riley raised shares of Rithm Capital to a "strong-buy" rating in a research note on Tuesday, January 7th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $13.00 price target on shares of Rithm Capital in a research note on Thursday, November 21st. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $13.07.
Read Our Latest Report on RITM
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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