Lineweaver Wealth Advisors LLC Lowers Stake in Rithm Capital Corp. (NYSE:RITM)

Lineweaver Wealth Advisors LLC lessened its holdings in shares of Rithm Capital Corp. (NYSE:RITM - Free Report) by 24.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,230 shares of the real estate investment trust's stock after selling 27,818 shares during the period. Lineweaver Wealth Advisors LLC's holdings in Rithm Capital were worth $923,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in Rithm Capital by 7.8% in the 3rd 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 purchasing an additional 610,698 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Rithm Capital by 7.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,364,962 shares of the real estate investment trust's stock worth $60,892,000 after acquiring an additional 366,600 shares during the period. JPMorgan Chase & Co. increased its stake in Rithm Capital by 119.1% during the third quarter. JPMorgan Chase & Co. now owns 4,608,008 shares of the real estate investment trust's stock worth $52,301,000 after acquiring an additional 2,504,529 shares during the last quarter. Azora Capital LP raised its position in Rithm Capital by 107.6% in the third quarter. Azora Capital LP now owns 4,383,821 shares of the real estate investment trust's stock valued at $49,756,000 after purchasing an additional 2,271,671 shares during the period. Finally, Wellington Management Group LLP lifted its stake in shares of Rithm Capital by 37.8% in the 3rd quarter. Wellington Management Group LLP now owns 3,567,917 shares of the real estate investment trust's stock valued at $40,496,000 after purchasing an additional 978,954 shares during the last quarter. Institutional investors and hedge funds own 44.92% of the company's stock.

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Analyst Upgrades and Downgrades

RITM has been the topic of several research analyst reports. Piper Sandler boosted their price objective on shares of Rithm Capital from $11.50 to $12.50 and gave the company a "neutral" rating in a report on Friday, February 7th. Wedbush reissued an "outperform" rating and issued a $14.00 price target on shares of Rithm Capital in a research note on Thursday, November 7th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $13.00 price objective on shares of Rithm Capital in a research report on Thursday, November 21st. JMP Securities reiterated a "market outperform" rating and issued a $12.50 target price on shares of Rithm Capital in a report on Thursday, January 23rd. Finally, B. Riley upgraded Rithm Capital to a "strong-buy" rating in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Rithm Capital has an average rating of "Buy" and a consensus price target of $13.07.

Rithm Capital Stock Up 0.7 %

RITM traded up $0.09 during trading hours on Friday, hitting $12.14. 5,094,607 shares of the company's stock were exchanged, compared to its average volume of 3,759,244. The firm has a market cap of $6.32 billion, a P/E ratio of 7.27 and a beta of 1.79. Rithm Capital Corp. has a 12-month low of $10.38 and a 12-month high of $12.18. The company has a current ratio of 1.09, a quick ratio of 1.35 and a debt-to-equity ratio of 1.74. The firm has a 50 day moving average of $11.42 and a 200 day moving average of $11.22.

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 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%. Analysts predict that Rithm Capital Corp. will post 1.93 EPS for the current fiscal year.

Rithm Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 8.24%. The ex-dividend date of this dividend was Tuesday, December 31st. Rithm Capital's dividend payout ratio is currently 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.