DAVENPORT & Co LLC raised its stake in Rithm Capital Corp. (NYSE:RITM - Free Report) by 136.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 57,450 shares of the real estate investment trust's stock after buying an additional 33,150 shares during the period. DAVENPORT & Co LLC's holdings in Rithm Capital were worth $622,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its stake in shares of Rithm Capital by 154.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,513 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 1,525 shares during the period. Truvestments Capital LLC bought a new stake in Rithm Capital during the third quarter valued at approximately $43,000. Wilmington Savings Fund Society FSB bought a new position in shares of Rithm Capital in the 3rd quarter worth $43,000. Householder Group Estate & Retirement Specialist LLC raised its position in shares of Rithm Capital by 86.7% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 4,439 shares of the real estate investment trust's stock valued at $48,000 after buying an additional 2,062 shares in the last quarter. Finally, Godsey & Gibb Inc. bought a new stake in shares of Rithm Capital during the 3rd quarter worth $51,000. Institutional investors own 44.92% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on RITM shares. Piper Sandler raised their price target on Rithm Capital from $11.50 to $12.50 and gave the company a "neutral" rating in a research report on Friday. JMP Securities reissued a "market outperform" rating and set a $12.50 price objective on shares of Rithm Capital in a report on Thursday, January 23rd. Keefe, Bruyette & Woods upped their target price on Rithm Capital from $13.00 to $13.50 and gave the stock an "outperform" rating in a research note on Tuesday, December 3rd. Wedbush restated an "outperform" rating and issued a $14.00 price objective on shares of Rithm Capital in a report on Thursday, November 7th. Finally, B. Riley raised shares of Rithm Capital to a "strong-buy" rating in a report on Tuesday, January 7th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $12.94.
Get Our Latest Research Report on RITM
Rithm Capital Stock Down 0.2 %
Shares of RITM stock traded down $0.03 during midday trading on Tuesday, reaching $11.84. 2,922,428 shares of the stock were exchanged, compared to its average volume of 3,780,931. The firm has a market cap of $6.15 billion, a PE ratio of 7.09 and a beta of 1.79. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.63. The company's 50 day moving average is $11.18 and its two-hundred day moving average is $11.15. Rithm Capital Corp. has a 1 year low of $10.06 and a 1 year high of $12.02.
Rithm Capital (NYSE:RITM - Get Free Report) last released its earnings results on Thursday, February 6th. The real estate investment trust reported $0.60 EPS for the quarter, topping the consensus estimate of $0.44 by $0.16. Rithm Capital had a return on equity of 18.46% and a net margin of 17.79%. On average, equities research analysts predict that Rithm Capital Corp. will post 1.92 EPS for the current year.
Rithm Capital Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 8.45%. The ex-dividend date was Tuesday, December 31st. Rithm Capital's dividend payout ratio is currently 59.88%.
Rithm Capital Company Profile
(
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.
Read More
Before you consider Rithm Capital, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rithm Capital wasn't on the list.
While Rithm Capital currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
