International Assets Investment Management LLC Trims Stock Holdings in Rithm Capital Corp. (NYSE:RITM)

International Assets Investment Management LLC decreased its stake in Rithm Capital Corp. (NYSE:RITM - Free Report) by 92.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,051 shares of the real estate investment trust's stock after selling 154,566 shares during the quarter. International Assets Investment Management LLC's holdings in Rithm Capital were worth $142,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. AQR Capital Management LLC raised its holdings in Rithm Capital by 4.1% during the second quarter. AQR Capital Management LLC now owns 29,848 shares of the real estate investment trust's stock valued at $326,000 after acquiring an additional 1,183 shares during the period. Empowered Funds LLC lifted its holdings in Rithm Capital by 8.3% in the 3rd quarter. Empowered Funds LLC now owns 15,824 shares of the real estate investment trust's stock worth $176,000 after purchasing an additional 1,216 shares in the last quarter. Founders Financial Alliance LLC boosted its stake in Rithm Capital by 2.6% in the 2nd quarter. Founders Financial Alliance LLC now owns 50,942 shares of the real estate investment trust's stock worth $556,000 after purchasing an additional 1,286 shares during the period. Atomi Financial Group Inc. grew its holdings in Rithm Capital by 6.4% during the 3rd quarter. Atomi Financial Group Inc. now owns 24,711 shares of the real estate investment trust's stock valued at $280,000 after buying an additional 1,481 shares in the last quarter. Finally, Cerity Partners LLC raised its position in shares of Rithm Capital by 2.1% during the third quarter. Cerity Partners LLC now owns 72,434 shares of the real estate investment trust's stock valued at $822,000 after buying an additional 1,508 shares during the last quarter. Institutional investors own 44.92% of the company's stock.

Rithm Capital Trading Up 1.6 %

NYSE RITM traded up $0.18 during trading hours on Wednesday, hitting $11.17. 2,959,063 shares of the company were exchanged, compared to its average volume of 3,880,546. Rithm Capital Corp. has a 52 week low of $9.97 and a 52 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. The stock has a 50-day moving average price of $10.95 and a 200 day moving average price of $11.10. The stock has a market cap of $5.81 billion, a PE ratio of 11.28 and a beta of 1.79.

Rithm Capital (NYSE:RITM - Get Free Report) last released its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.54 earnings per share for the quarter, beating the consensus estimate 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 in the previous year, the company posted $0.58 EPS. Analysts forecast that Rithm Capital Corp. will post 1.93 earnings per share for the current fiscal year.

Rithm Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 8.95%. The ex-dividend date of this dividend is Tuesday, December 31st. Rithm Capital's dividend payout ratio is currently 101.01%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods upped their target price 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. Royal Bank of Canada restated an "outperform" rating and set a $13.00 price objective on shares of Rithm Capital in a research report on Thursday, November 21st. Wedbush reiterated an "outperform" rating and issued a $14.00 target price on shares of Rithm Capital in a research report on Thursday, November 7th. Finally, B. Riley upgraded Rithm Capital to a "strong-buy" rating in a report on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Rithm Capital presently has an average rating of "Buy" and an average target price of $12.94.

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.