SG Americas Securities LLC Takes $4.11 Million Position in Rithm Capital Corp. (NYSE:RITM)

SG Americas Securities LLC purchased a new stake in shares of Rithm Capital Corp. (NYSE:RITM - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 362,302 shares of the real estate investment trust's stock, valued at approximately $4,112,000. SG Americas Securities LLC owned 0.07% of Rithm Capital as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in RITM. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Rithm Capital by 154.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,513 shares of the real estate investment trust's stock valued at $27,000 after acquiring an additional 1,525 shares in the last quarter. Bessemer Group Inc. bought a new position in Rithm Capital in the 1st quarter worth $30,000. Raleigh Capital Management Inc. lifted its position in shares of Rithm Capital by 125.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 2,986 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 1,661 shares during the period. Abich Financial Wealth Management LLC boosted its stake in shares of Rithm Capital by 56.8% during 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 purchasing an additional 1,461 shares in the last quarter. Finally, Fidelis Capital Partners LLC purchased a new position in shares of Rithm Capital during the first quarter valued at about $62,000. Institutional investors own 44.92% of the company's stock.

Rithm Capital Stock Performance

RITM traded down $0.23 during trading on Monday, hitting $10.58. The company's stock had a trading volume of 6,180,459 shares, compared to its average volume of 3,421,792. Rithm Capital Corp. has a one year low of $8.87 and a one year high of $12.02. The business's 50 day simple moving average is $11.42 and its 200-day simple moving average is $11.21. The firm has a market cap of $5.12 billion, a PE ratio of 7.05 and a beta of 1.80. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.81.

Rithm Capital (NYSE:RITM - Get Free Report) last issued its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.47 earnings per share for the quarter, topping analysts' consensus estimates of $0.42 by $0.05. Rithm Capital had a net margin of 15.55% and a return on equity of 18.04%. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the prior year, the business earned $0.62 earnings per share. Rithm Capital's revenue for the quarter was up 18.4% on a year-over-year basis. As a group, sell-side analysts predict that Rithm Capital Corp. will post 1.82 EPS for the current fiscal 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. The ex-dividend date is Tuesday, October 1st. This represents a $1.00 annualized dividend and a dividend yield of 9.45%. Rithm Capital's dividend payout ratio (DPR) is 66.67%.

Wall Street Analyst Weigh In

Several analysts have weighed in on RITM shares. 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 Tuesday, August 13th. Wedbush reaffirmed an "outperform" rating and issued a $13.00 price target on shares of Rithm Capital in a research note on Friday, August 16th. Finally, JMP Securities raised their price objective 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. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Rithm Capital presently has a consensus rating of "Moderate Buy" and a consensus target price of $12.67.

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.