Larson Financial Group LLC Has $1.89 Million Holdings in Rithm Capital Corp. (NYSE:RITM)

Larson Financial Group LLC grew its stake in Rithm Capital Corp. (NYSE:RITM - Free Report) by 19.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 174,762 shares of the real estate investment trust's stock after buying an additional 28,650 shares during the quarter. Larson Financial Group LLC's holdings in Rithm Capital were worth $1,893,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in RITM. Wealth Enhancement Advisory Services LLC lifted its position in shares of Rithm Capital by 63.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 18,167 shares of the real estate investment trust's stock worth $206,000 after purchasing an additional 7,057 shares in the last quarter. US Bancorp DE grew its stake in Rithm Capital by 18.0% in the third quarter. US Bancorp DE now owns 31,303 shares of the real estate investment trust's stock valued at $355,000 after purchasing an additional 4,765 shares in the last quarter. Concurrent Investment Advisors LLC acquired a new position in shares of Rithm Capital during the 3rd quarter worth approximately $961,000. Covestor Ltd raised its stake in shares of Rithm Capital by 33.9% during the 3rd quarter. Covestor Ltd now owns 21,480 shares of the real estate investment trust's stock worth $244,000 after purchasing an additional 5,440 shares in the last quarter. Finally, Sigma Planning Corp boosted its holdings in shares of Rithm Capital by 137.2% in the 3rd quarter. Sigma Planning Corp now owns 74,661 shares of the real estate investment trust's stock valued at $847,000 after buying an additional 43,189 shares during the last quarter. Institutional investors own 44.92% of the company's stock.

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Analyst Ratings Changes

A number of brokerages recently weighed in on RITM. B. Riley upgraded shares of Rithm Capital to a "strong-buy" rating in a report on Tuesday, January 7th. JMP Securities restated a "market outperform" rating and set a $12.50 price objective on shares of Rithm Capital in a research note on Thursday, January 23rd. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $13.00 target price on shares of Rithm Capital in a report on Thursday, November 21st. Piper Sandler lifted their price target on Rithm Capital from $11.50 to $12.50 and gave the stock a "neutral" rating in a report on Friday, February 7th. Finally, Keefe, Bruyette & Woods upped 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. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $13.25.

Rithm Capital Stock Performance

Shares of RITM stock traded down $0.11 during midday trading on Wednesday, hitting $11.43. 3,713,863 shares of the company were exchanged, compared to its average volume of 3,416,862. Rithm Capital Corp. has a 52 week low of $10.38 and a 52 week high of $12.20. The firm has a market capitalization of $5.95 billion, a P/E ratio of 6.84 and a beta of 1.83. The firm's 50 day moving average price is $11.52 and its two-hundred day moving average price is $11.23. 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 (NYSE:RITM - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping 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%. As a group, equities research analysts anticipate that Rithm Capital Corp. will post 1.93 earnings per share for the current year.

Rithm Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 8.75%. The ex-dividend date of this dividend was Tuesday, December 31st. Rithm Capital's payout ratio is 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.