Caxton Associates LP Acquires Shares of 161,057 Rithm Capital Corp. (NYSE:RITM)

Caxton Associates LP acquired a new position in Rithm Capital Corp. (NYSE:RITM - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 161,057 shares of the real estate investment trust's stock, valued at approximately $1,757,000.

Several other large investors have also modified their holdings of RITM. Bessemer Group Inc. acquired a new position in Rithm Capital during the 1st quarter worth $30,000. Raleigh Capital Management Inc. boosted its stake in Rithm Capital by 125.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 2,986 shares of the real estate investment trust's stock valued at $32,000 after purchasing an additional 1,661 shares during the period. Abich Financial Wealth Management LLC grew its holdings in Rithm Capital by 56.8% in the 1st quarter. Abich Financial Wealth Management LLC now owns 4,031 shares of the real estate investment trust's stock valued at $45,000 after buying an additional 1,461 shares during the last quarter. Fidelis Capital Partners LLC bought a new position in Rithm Capital in the 1st quarter worth approximately $62,000. Finally, Future Financial Wealth Managment LLC acquired a new position in shares of Rithm Capital during the first quarter worth approximately $71,000. 44.92% of the stock is owned by institutional investors.

Rithm Capital Price Performance

Shares of RITM traded up $0.04 during mid-day trading on Thursday, reaching $11.26. The company had a trading volume of 10,247,711 shares, compared to its average volume of 3,307,554. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.49 and a quick ratio of 0.49. The company has a market capitalization of $5.44 billion, a P/E ratio of 7.51 and a beta of 1.80. Rithm Capital Corp. has a twelve month low of $8.87 and a twelve month high of $12.02. The company's 50-day moving average is $11.50 and its 200-day moving average is $11.21.

Rithm Capital (NYSE:RITM - Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.05. The company had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.15 billion. Rithm Capital had a return on equity of 18.04% and a net margin of 15.55%. The business's revenue was up 18.4% on a year-over-year basis. During the same period last year, the business earned $0.62 earnings per share. On average, equities analysts anticipate that Rithm Capital Corp. will post 1.82 EPS for the current year.

Rithm Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 1st will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 8.88%. The ex-dividend date is Tuesday, October 1st. Rithm Capital's payout ratio is 66.67%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on RITM shares. Wedbush reaffirmed an "outperform" rating and set a $13.00 target price on shares of Rithm Capital in a research report on Friday, August 16th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $13.00 price target on shares of Rithm Capital in a report on Tuesday, August 13th. Finally, JMP Securities raised their price objective on Rithm Capital from $11.00 to $12.50 and gave the stock a "market outperform" rating in a research report on Friday, July 19th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $12.60.

About Rithm Capital

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.