Jackson Thornton Wealth Management LLC acquired a new stake in Rithm Capital Corp. (NYSE:RITM - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 26,532 shares of the real estate investment trust's stock, valued at approximately $287,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Truvestments Capital LLC bought a new position in Rithm Capital during the third quarter valued at about $43,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Rithm Capital during the 3rd quarter valued at about $43,000. Householder Group Estate & Retirement Specialist LLC raised its stake 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 in the last quarter. FNY Investment Advisers LLC boosted its position 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 purchasing an additional 8,600 shares during the period. Finally, Whittier Trust Co. grew its holdings in Rithm Capital by 1,860.7% during the fourth quarter. Whittier Trust Co. now owns 10,274 shares of the real estate investment trust's stock valued at $111,000 after purchasing an additional 9,750 shares during the last quarter. Hedge funds and other institutional investors own 44.92% of the company's stock.
Analyst Ratings Changes
Several analysts recently issued reports on RITM shares. Piper Sandler upped their price objective on shares of Rithm Capital from $11.50 to $12.50 and gave the stock a "neutral" rating in a report on Friday, February 7th. B. Riley upgraded shares of Rithm Capital to a "strong-buy" rating in a report on Tuesday, January 7th. JMP Securities reiterated a "market outperform" rating and issued a $12.50 price objective on shares of Rithm Capital in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods increased their target price on Rithm Capital from $13.00 to $13.50 and gave the company an "outperform" rating in a research note on Tuesday, December 3rd. Finally, Wedbush reaffirmed an "outperform" rating and issued a $14.00 target price on shares of Rithm Capital in a report on Friday. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Rithm Capital has a consensus rating of "Buy" and an average price target of $13.25.
View Our Latest Stock Analysis on RITM
Rithm Capital Stock Performance
Shares of NYSE RITM traded down $0.25 during mid-day trading on Friday, hitting $11.39. The company had a trading volume of 5,061,370 shares, compared to its average volume of 3,565,940. Rithm Capital Corp. has a 12 month low of $10.38 and a 12 month high of $12.20. The firm has a market cap of $5.93 billion, a P/E ratio of 6.82 and a beta of 1.83. The business's 50-day simple moving average is $11.69 and its 200-day simple moving average is $11.23. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.09 and a quick ratio of 1.35.
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 (EPS) 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%. As a group, analysts predict that Rithm Capital Corp. will post 1.93 earnings per share for the current fiscal year.
Rithm Capital Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be given a dividend of $0.25 per share. The ex-dividend date is Monday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 8.78%. Rithm Capital's dividend payout ratio (DPR) is presently 59.88%.
Rithm Capital Profile
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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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