Maven Securities LTD bought a new position in Rithm Capital Corp. (NYSE:RITM - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,000,000 shares of the real estate investment trust's stock, valued at approximately $11,350,000. Rithm Capital comprises approximately 0.2% of Maven Securities LTD's portfolio, making the stock its 9th largest position. Maven Securities LTD owned about 0.19% of Rithm Capital at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. AQR Capital Management LLC increased its stake in shares of Rithm Capital by 4.1% in 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 purchasing an additional 1,183 shares during the period. Empowered Funds LLC increased its stake in shares of Rithm Capital by 8.3% in the third quarter. Empowered Funds LLC now owns 15,824 shares of the real estate investment trust's stock valued at $176,000 after purchasing an additional 1,216 shares during the period. Founders Financial Alliance LLC increased its stake in shares of Rithm Capital by 2.6% in the second quarter. Founders Financial Alliance LLC now owns 50,942 shares of the real estate investment trust's stock valued at $556,000 after purchasing an additional 1,286 shares during the period. Atomi Financial Group Inc. increased its stake in shares of Rithm Capital by 6.4% in the third quarter. Atomi Financial Group Inc. now owns 24,711 shares of the real estate investment trust's stock valued at $280,000 after purchasing an additional 1,481 shares during the period. Finally, Cerity Partners LLC increased its stake in shares of Rithm Capital by 2.1% in the third quarter. Cerity Partners LLC now owns 72,434 shares of the real estate investment trust's stock valued at $822,000 after purchasing an additional 1,508 shares during the period. Institutional investors own 44.92% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms recently commented on RITM. Keefe, Bruyette & Woods raised their price objective on shares of Rithm Capital from $13.00 to $13.50 and gave the company an "outperform" rating in a research note on Tuesday. Royal Bank of Canada reiterated an "outperform" rating and set a $13.00 price objective on shares of Rithm Capital in a research note on Thursday, November 21st. Finally, Wedbush reiterated an "outperform" rating and set a $14.00 price objective on shares of Rithm Capital in a research note on Thursday, November 7th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, Rithm Capital presently has an average rating of "Moderate Buy" and an average target price of $12.89.
Check Out Our Latest Research Report on Rithm Capital
Rithm Capital Trading Down 0.1 %
Rithm Capital stock traded down $0.01 during midday trading on Wednesday, reaching $11.15. The stock had a trading volume of 2,637,203 shares, compared to its average volume of 3,520,897. The firm's fifty day simple moving average is $10.81 and its two-hundred day simple moving average is $11.12. Rithm Capital Corp. has a twelve month low of $9.97 and a twelve month high of $12.02. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.35 and a quick ratio of 1.35. The firm has a market cap of $5.80 billion, a price-to-earnings ratio of 11.27 and a beta of 1.80.
Rithm Capital (NYSE:RITM - Get Free Report) last issued its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.12. The company had revenue of $619.51 million during the quarter, compared to analyst estimates of $1.11 billion. Rithm Capital had a net margin of 14.99% and a return on equity of 17.54%. During the same quarter last year, the business posted $0.58 EPS. Equities analysts anticipate that Rithm Capital Corp. will post 1.89 EPS for the current fiscal year.
Rithm Capital Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 1st were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.97%. The ex-dividend date was Tuesday, October 1st. Rithm Capital's dividend payout ratio (DPR) is currently 101.01%.
About Rithm Capital
(
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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