Handelsbanken Fonder AB Buys 20,800 Shares of Rithm Capital Corp. (NYSE:RITM)

Handelsbanken Fonder AB lifted its holdings in shares of Rithm Capital Corp. (NYSE:RITM - Free Report) by 16.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 143,994 shares of the real estate investment trust's stock after acquiring an additional 20,800 shares during the period. Handelsbanken Fonder AB's holdings in Rithm Capital were worth $1,559,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Angel Oak Capital Advisors LLC acquired a new position in Rithm Capital during the 4th quarter worth approximately $3,074,000. State of New Jersey Common Pension Fund D lifted its position in shares of Rithm Capital by 18.9% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 382,722 shares of the real estate investment trust's stock valued at $4,145,000 after acquiring an additional 60,922 shares in the last quarter. Strategic Financial Concepts LLC acquired a new stake in shares of Rithm Capital during the 4th quarter worth about $921,000. Allworth Financial LP boosted its position in Rithm Capital by 1,437.5% during the fourth quarter. Allworth Financial LP now owns 133,688 shares of the real estate investment trust's stock worth $1,505,000 after acquiring an additional 124,993 shares during the last quarter. Finally, Rhumbline Advisers grew its position in shares of Rithm Capital by 7.7% in the fourth quarter. Rhumbline Advisers now owns 495,456 shares of the real estate investment trust's stock valued at $5,366,000 after purchasing an additional 35,405 shares during the period. Institutional investors and hedge funds own 44.92% of the company's stock.

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Wall Street Analyst Weigh In

Several brokerages recently commented on RITM. Piper Sandler upped their price target on shares of Rithm Capital from $11.50 to $12.50 and gave the stock a "neutral" rating in a research report on Friday, February 7th. B. Riley raised shares of Rithm Capital to a "strong-buy" rating in a research report on Tuesday, January 7th. Royal Bank of Canada restated an "outperform" rating and set a $13.00 target price on shares of Rithm Capital in a report on Thursday, November 21st. 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 report on Tuesday, December 3rd. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $12.50 target price on shares of Rithm Capital in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $13.07.

Rithm Capital Stock Up 0.7 %

Shares of RITM stock traded up $0.09 during mid-day trading on Friday, reaching $12.14. 5,094,607 shares of the company were exchanged, compared to its average volume of 3,759,244. The company has a market capitalization of $6.32 billion, a P/E ratio of 7.27 and a beta of 1.79. The business's 50 day simple moving average is $11.42 and its 200 day simple moving average is $11.22. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.35 and a current ratio of 1.09. Rithm Capital Corp. has a fifty-two week low of $10.38 and a fifty-two week high of $12.18.

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 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%. Research analysts predict that Rithm Capital Corp. will post 1.93 earnings per share for the current year.

Rithm Capital Dividend Announcement

The business also recently disclosed 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 was Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.24%. Rithm Capital's dividend payout ratio is presently 59.88%.

Rithm Capital 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.