Y Intercept Hong Kong Ltd Sells 40,080 Shares of Rithm Capital Corp. (NYSE:RITM)

Y Intercept Hong Kong Ltd reduced its stake in shares of Rithm Capital Corp. (NYSE:RITM - Free Report) by 43.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,855 shares of the real estate investment trust's stock after selling 40,080 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Rithm Capital were worth $572,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of RITM. Creative Planning lifted its stake in shares of Rithm Capital by 20.6% in the 3rd quarter. Creative Planning now owns 77,109 shares of the real estate investment trust's stock worth $875,000 after acquiring an additional 13,152 shares during the period. International Assets Investment Management LLC increased its holdings in shares of Rithm Capital by 895.6% in the third quarter. International Assets Investment Management LLC now owns 167,617 shares of the real estate investment trust's stock valued at $1,902,000 after buying an additional 150,782 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Rithm Capital by 63.5% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 18,167 shares of the real estate investment trust's stock valued at $206,000 after purchasing an additional 7,057 shares during the last quarter. US Bancorp DE increased its position in shares of Rithm Capital by 18.0% in the third quarter. US Bancorp DE now owns 31,303 shares of the real estate investment trust's stock worth $355,000 after acquiring an additional 4,765 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in shares of Rithm Capital by 20.7% in the 3rd quarter. Van ECK Associates Corp now owns 2,004,057 shares of the real estate investment trust's stock valued at $21,163,000 after acquiring an additional 343,678 shares in the last quarter. Institutional investors own 44.92% of the company's stock.

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Rithm Capital Price Performance

Shares of RITM stock traded up $0.21 during mid-day trading on Wednesday, reaching $11.82. The company's stock had a trading volume of 3,763,448 shares, compared to its average volume of 3,389,855. The company has a market cap of $6.15 billion, a P/E ratio of 7.07 and a beta of 1.79. The firm's 50-day moving average is $11.45 and its two-hundred day moving average is $11.23. Rithm Capital Corp. has a 1-year low of $10.38 and a 1-year 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 data on Thursday, February 6th. The real estate investment trust reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.16. Rithm Capital had a net margin of 17.79% and a return on equity of 18.15%. On average, research analysts predict that Rithm Capital Corp. will post 1.93 earnings per share for the current year.

Rithm Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were issued a $0.25 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.00 annualized dividend and a yield of 8.46%. Rithm Capital's dividend payout ratio is currently 59.88%.

Analysts Set New Price Targets

Several research firms recently weighed in on RITM. Keefe, Bruyette & Woods upped their price target on Rithm Capital from $13.00 to $13.50 and gave the company an "outperform" rating in a research report on Tuesday, December 3rd. Wedbush reaffirmed an "outperform" rating and issued a $14.00 target price on shares of Rithm Capital in a research report on Thursday, November 7th. B. Riley raised shares of Rithm Capital to a "strong-buy" rating in a research note on Tuesday, January 7th. Royal Bank of Canada reiterated an "outperform" rating and set a $13.00 price target on shares of Rithm Capital in a report on Thursday, November 21st. Finally, 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, February 7th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $13.07.

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.