Rithm Capital Corp. (NYSE:RITM) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered its position in shares of Rithm Capital Corp. (NYSE:RITM - Free Report) by 61.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,768,294 shares of the real estate investment trust's stock after selling 2,839,714 shares during the period. JPMorgan Chase & Co. owned approximately 0.34% of Rithm Capital worth $19,151,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Rithm Capital by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 49,008,422 shares of the real estate investment trust's stock valued at $530,761,000 after acquiring an additional 184,802 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Rithm Capital by 7.8% during the third quarter. Geode Capital Management LLC now owns 8,415,057 shares of the real estate investment trust's stock valued at $95,537,000 after acquiring an additional 610,698 shares in the last quarter. Wellington Management Group LLP grew its stake in Rithm Capital by 37.8% in the third quarter. Wellington Management Group LLP now owns 3,567,917 shares of the real estate investment trust's stock worth $40,496,000 after purchasing an additional 978,954 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Rithm Capital by 9.1% during the 4th quarter. Bank of New York Mellon Corp now owns 1,916,453 shares of the real estate investment trust's stock worth $20,755,000 after purchasing an additional 159,506 shares during the period. Finally, Franklin Resources Inc. raised its position in Rithm Capital by 0.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,250,401 shares of the real estate investment trust's stock valued at $13,467,000 after purchasing an additional 9,859 shares in the last quarter. Institutional investors own 44.92% of the company's stock.

Rithm Capital Stock Down 0.3 %

NYSE:RITM traded down $0.03 during mid-day trading on Wednesday, hitting $10.10. 232,252 shares of the company's stock traded hands, compared to its average volume of 3,807,730. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.35 and a current ratio of 1.09. The company has a market capitalization of $5.36 billion, a P/E ratio of 6.04 and a beta of 1.36. The company has a fifty day moving average of $11.41 and a 200 day moving average of $11.12. Rithm Capital Corp. has a twelve month low of $9.13 and a twelve month high of $12.20.

Rithm Capital (NYSE:RITM - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.16. Rithm Capital had a net margin of 17.79% and a return on equity of 18.15%. On average, analysts forecast that Rithm Capital Corp. will post 1.93 EPS for the current year.

Rithm Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.90%. The ex-dividend date is Monday, March 31st. Rithm Capital's dividend payout ratio (DPR) is presently 59.88%.

Analysts Set New Price Targets

A number of research analysts have commented on RITM shares. B. Riley raised shares of Rithm Capital to a "strong-buy" rating in a research report on Tuesday, January 7th. Wedbush restated an "outperform" rating and set a $14.00 target price on shares of Rithm Capital in a report on Friday, March 28th. Piper Sandler lifted their price target on Rithm Capital from $11.50 to $12.50 and gave the company a "neutral" rating in a report on Friday, February 7th. JMP Securities reissued a "market outperform" rating and issued a $12.50 price target on shares of Rithm Capital in a research report on Thursday, January 23rd. Finally, UBS Group dropped their price objective on Rithm Capital from $14.00 to $13.00 and set a "buy" rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $13.21.

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.