Rhumbline Advisers Purchases 35,405 Shares of Rithm Capital Corp. (NYSE:RITM)

Rhumbline Advisers raised its position in shares of Rithm Capital Corp. (NYSE:RITM - Free Report) by 7.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 495,456 shares of the real estate investment trust's stock after purchasing an additional 35,405 shares during the quarter. Rhumbline Advisers owned 0.10% of Rithm Capital worth $5,366,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of RITM. SeaCrest Wealth Management LLC raised its holdings in shares of Rithm Capital by 1.0% during the fourth quarter. SeaCrest Wealth Management LLC now owns 94,566 shares of the real estate investment trust's stock valued at $1,024,000 after purchasing an additional 951 shares during the last quarter. Summit Trail Advisors LLC grew its position in Rithm Capital by 2.0% in the 4th quarter. Summit Trail Advisors LLC now owns 49,380 shares of the real estate investment trust's stock worth $547,000 after purchasing an additional 967 shares during the period. Apollon Wealth Management LLC raised its stake in Rithm Capital by 2.3% during the 4th quarter. Apollon Wealth Management LLC now owns 53,856 shares of the real estate investment trust's stock valued at $583,000 after buying an additional 1,211 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Rithm Capital by 8.3% during the 3rd quarter. Empowered Funds LLC now owns 15,824 shares of the real estate investment trust's stock valued at $176,000 after buying an additional 1,216 shares during the period. Finally, Essex Financial Services Inc. boosted its stake in shares of Rithm Capital by 8.1% in the 4th quarter. Essex Financial Services Inc. now owns 17,131 shares of the real estate investment trust's stock worth $186,000 after buying an additional 1,277 shares during the last quarter. 44.92% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

A number of brokerages have commented on RITM. B. Riley raised shares of Rithm Capital to a "strong-buy" rating in a report on Tuesday, January 7th. Piper Sandler raised their target price 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 research report on Thursday, November 7th. Keefe, Bruyette & Woods upped their price target on Rithm Capital from $13.00 to $13.50 and gave the stock an "outperform" rating in a research report on Tuesday, December 3rd. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $12.50 price objective on shares of Rithm Capital in a research report on Thursday, January 23rd. One investment 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 stock. Based on data from MarketBeat, Rithm Capital has an average rating of "Buy" and a consensus price target of $13.07.

Rithm Capital Trading Down 1.9 %

Shares of RITM traded down $0.24 during midday trading on Monday, hitting $11.92. The stock had a trading volume of 4,230,885 shares, compared to its average volume of 3,765,198. 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 current ratio of 1.09 and a quick ratio of 1.35. The stock's 50 day moving average is $11.42 and its 200 day moving average is $11.22. The firm has a market cap of $6.20 billion, a PE ratio of 7.13 and a beta of 1.79.

Rithm Capital (NYSE:RITM - Get Free Report) last released its earnings results on Thursday, February 6th. The real estate investment trust reported $0.60 earnings per share for the quarter, topping 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%. As a group, analysts forecast that Rithm Capital Corp. will post 1.93 EPS for the current fiscal year.

Rithm Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a yield of 8.39%. Rithm Capital's payout ratio is 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.