180,000 Shares in Rithm Capital Corp. (NYSE:RITM) Purchased by Point72 Asset Management L.P.

Point72 Asset Management L.P. acquired a new position in shares of Rithm Capital Corp. (NYSE:RITM - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 180,000 shares of the real estate investment trust's stock, valued at approximately $1,964,000.

Several other large investors also recently added to or reduced their stakes in RITM. Treasurer of the State of North Carolina boosted its position in shares of Rithm Capital by 4.2% during the fourth quarter. Treasurer of the State of North Carolina now owns 220,466 shares of the real estate investment trust's stock valued at $2,355,000 after buying an additional 8,889 shares during the period. Cibc World Markets Corp boosted its position in shares of Rithm Capital by 69.1% during the fourth quarter. Cibc World Markets Corp now owns 872,758 shares of the real estate investment trust's stock valued at $9,321,000 after buying an additional 356,758 shares during the period. Waterloo Capital L.P. purchased a new position in shares of Rithm Capital during the fourth quarter valued at approximately $3,262,000. MGO One Seven LLC boosted its position in shares of Rithm Capital by 4,525.1% during the fourth quarter. MGO One Seven LLC now owns 768,511 shares of the real estate investment trust's stock valued at $8,208,000 after buying an additional 751,895 shares during the period. Finally, Left Brain Wealth Management LLC boosted its position in shares of Rithm Capital by 16.3% during the fourth quarter. Left Brain Wealth Management LLC now owns 11,950 shares of the real estate investment trust's stock valued at $128,000 after buying an additional 1,675 shares during the period. 44.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on RITM shares. JMP Securities boosted their target price on Rithm Capital from $11.00 to $12.50 and gave the company a "market outperform" rating in a research report on Friday, July 19th. Wedbush restated an "outperform" rating and issued a $13.00 price target on shares of Rithm Capital in a report on Friday, August 16th. Finally, 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 Tuesday, August 13th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $12.67.

Rithm Capital Stock Down 0.1 %

Shares of RITM stock traded down $0.01 during trading hours on Friday, reaching $10.80. 8,912,756 shares of the company's stock were exchanged, compared to its average volume of 3,407,388. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.81. The company has a market cap of $5.22 billion, a price-to-earnings ratio of 7.20 and a beta of 1.80. Rithm Capital Corp. has a fifty-two week low of $8.87 and a fifty-two week high of $12.02. The stock's 50 day moving average is $11.45 and its 200-day moving average is $11.21.

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

Rithm Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 1st will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, October 1st. This represents a $1.00 dividend on an annualized basis and a yield of 9.26%. Rithm Capital's payout ratio is 66.67%.

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.