Nwam LLC Sells 21,955 Shares of Rithm Capital Corp. (NYSE:RITM)

Nwam LLC lessened its position in shares of Rithm Capital Corp. (NYSE:RITM - Free Report) by 23.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,848 shares of the real estate investment trust's stock after selling 21,955 shares during the period. Nwam LLC's holdings in Rithm Capital were worth $789,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Truvestments Capital LLC acquired a new position in Rithm Capital during the third quarter worth $43,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Rithm Capital during the 3rd quarter worth about $43,000. Householder Group Estate & Retirement Specialist LLC raised its holdings in Rithm Capital by 86.7% during 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 in the last quarter. Allworth Financial LP boosted its position in Rithm Capital by 281.2% during the third quarter. Allworth Financial LP now owns 8,695 shares of the real estate investment trust's stock valued at $99,000 after purchasing an additional 6,414 shares during the last quarter. Finally, FNY Investment Advisers LLC increased its position in shares of Rithm Capital by 8,600.0% during the 4th 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 last quarter. Institutional investors and hedge funds own 44.92% of the company's stock.

Analyst Ratings Changes

RITM has been the subject of a number of recent analyst reports. B. Riley upgraded shares of Rithm Capital to a "strong-buy" rating in a research note on Tuesday, January 7th. JMP Securities reiterated a "market outperform" rating and set a $12.50 price target on shares of Rithm Capital in a report on Thursday, January 23rd. Keefe, Bruyette & Woods upped their price objective on Rithm Capital from $13.00 to $13.50 and gave the company an "outperform" rating in a research note on Tuesday, December 3rd. Piper Sandler lifted their target price on Rithm Capital from $11.50 to $12.50 and gave the stock a "neutral" rating in a research note on Friday, February 7th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $13.00 price target on shares of Rithm Capital in a research note on Thursday, November 21st. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $13.07.

Rithm Capital Stock Performance

Shares of NYSE RITM traded down $0.22 during trading hours on Monday, reaching $11.93. 6,728,720 shares of the stock were exchanged, compared to its average volume of 3,833,483. The stock's fifty day simple moving average is $11.42 and its 200 day simple moving average is $11.22. The firm has a market capitalization of $6.21 billion, a price-to-earnings ratio of 7.14 and a beta of 1.79. Rithm Capital Corp. has a 52 week low of $10.38 and a 52 week high of $12.20. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.35 and a current ratio of 1.09.

Rithm Capital (NYSE:RITM - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $0.60 EPS for the quarter, beating analysts' consensus estimates of $0.44 by $0.16. Rithm Capital had a return on equity of 18.15% and a net margin of 17.79%. Sell-side analysts predict that Rithm Capital Corp. will post 1.93 EPS for the current year.

Rithm Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 8.38%. The ex-dividend date was Tuesday, December 31st. Rithm Capital's dividend payout ratio (DPR) is currently 59.88%.

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.