Rithm Capital Corp. (NYSE:RITM) Shares Sold by Mariner LLC

Mariner LLC decreased its holdings in shares of Rithm Capital Corp. (NYSE:RITM - Free Report) by 22.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 89,021 shares of the real estate investment trust's stock after selling 26,000 shares during the quarter. Mariner LLC's holdings in Rithm Capital were worth $964,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in RITM. Wilmington Savings Fund Society FSB acquired a new stake in Rithm Capital in the 3rd quarter worth about $43,000. Householder Group Estate & Retirement Specialist LLC boosted its position in shares of Rithm Capital by 86.7% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 4,439 shares of the real estate investment trust's stock worth $48,000 after acquiring an additional 2,062 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in Rithm Capital by 35.2% in the fourth quarter. Quadrant Capital Group LLC now owns 4,655 shares of the real estate investment trust's stock valued at $50,000 after purchasing an additional 1,211 shares during the period. C M Bidwell & Associates Ltd. acquired a new position in Rithm Capital during the fourth quarter worth approximately $81,000. Finally, FNY Investment Advisers LLC raised its stake in Rithm Capital by 8,600.0% during the fourth quarter. FNY Investment Advisers LLC now owns 8,700 shares of the real estate investment trust's stock worth $94,000 after purchasing an additional 8,600 shares during the period. Hedge funds and other institutional investors own 44.92% of the company's stock.

Rithm Capital Stock Up 1.3 %

NYSE RITM opened at $10.54 on Monday. The stock has a market cap of $5.59 billion, a PE ratio of 6.31 and a beta of 1.36. The business has a 50 day moving average price of $11.14 and a two-hundred day moving average price of $11.09. Rithm Capital Corp. has a fifty-two week low of $9.13 and a fifty-two week high of $12.20. The company has a quick ratio of 1.35, a current ratio of 1.09 and a debt-to-equity ratio of 1.74.

Rithm Capital (NYSE:RITM - Get Free Report) last released its quarterly earnings results on Friday, April 25th. The real estate investment trust reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.07. Rithm Capital had a net margin of 17.79% and a return on equity of 18.15%. The business had revenue of $28.89 million during the quarter, compared to analyst estimates of $1.27 billion. During the same period last year, the business earned $0.48 EPS. As a group, sell-side analysts predict that Rithm Capital Corp. will post 1.93 EPS for the current fiscal year.

Rithm Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 9.49%. The ex-dividend date of this dividend is Monday, March 31st. Rithm Capital's dividend payout ratio (DPR) is 83.33%.

Wall Street Analyst Weigh In

RITM has been the subject of a number of research analyst reports. BTIG Research restated a "buy" rating on shares of Rithm Capital in a report on Friday. Piper Sandler raised their price objective on Rithm Capital from $11.50 to $12.50 and gave the stock a "neutral" rating in a report on Friday, February 7th. Wedbush reiterated an "outperform" rating and set a $14.00 target price on shares of Rithm Capital in a report on Friday, March 28th. B. Riley upgraded shares of Rithm Capital to a "strong-buy" rating in a report on Tuesday, January 7th. Finally, UBS Group decreased their price objective on shares of Rithm Capital from $14.00 to $13.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $13.21.

Rithm Capital Company 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.

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