Vanguard Group Inc. lifted its holdings in shares of Rithm Capital Corp. (NYSE:RITM - Free Report) by 0.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 49,008,422 shares of the real estate investment trust's stock after buying an additional 184,802 shares during the period. Vanguard Group Inc. owned about 9.43% of Rithm Capital worth $530,761,000 as of its most recent filing with the SEC.
Other large investors have also bought and sold shares of the company. Samalin Investment Counsel LLC lifted its stake in Rithm Capital by 18.8% in the 4th quarter. Samalin Investment Counsel LLC now owns 17,557 shares of the real estate investment trust's stock valued at $190,000 after purchasing an additional 2,774 shares during the last quarter. Simplify Asset Management Inc. grew its position in Rithm Capital by 30.4% during the 4th quarter. Simplify Asset Management Inc. now owns 175,780 shares of the real estate investment trust's stock worth $1,904,000 after acquiring an additional 40,980 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in Rithm Capital in the fourth quarter valued at about $1,183,000. Sei Investments Co. boosted its stake in shares of Rithm Capital by 12.9% during the fourth quarter. Sei Investments Co. now owns 682,516 shares of the real estate investment trust's stock valued at $7,392,000 after purchasing an additional 77,768 shares in the last quarter. Finally, 1620 Investment Advisors Inc. increased its stake in shares of Rithm Capital by 2.1% in the fourth quarter. 1620 Investment Advisors Inc. now owns 46,035 shares of the real estate investment trust's stock valued at $499,000 after buying an additional 960 shares during the period. 44.92% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research firms have weighed in on RITM. B. Riley raised shares of Rithm Capital to a "strong-buy" rating in a report on Tuesday, January 7th. Wedbush restated an "outperform" rating and issued a $14.00 price objective on shares of Rithm Capital in a report on Friday, March 28th. JMP Securities reaffirmed a "market outperform" rating and set a $12.50 target price on shares of Rithm Capital in a report on Thursday, January 23rd. Finally, Piper Sandler upped 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 research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $13.25.
View Our Latest Report on RITM
Rithm Capital Trading Down 2.5 %
Shares of Rithm Capital stock traded down $0.29 on Thursday, hitting $11.26. 5,135,760 shares of the company's stock traded hands, compared to its average volume of 3,601,944. The company has a market capitalization of $5.86 billion, a price-to-earnings ratio of 6.74 and a beta of 1.83. The company has a fifty day moving average of $11.70 and a two-hundred day moving average of $11.23. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.09 and a quick ratio of 1.35. Rithm Capital Corp. has a one year low of $10.38 and a one year high of $12.20.
Rithm Capital (NYSE:RITM - Get Free Report) last announced its quarterly earnings data 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 net margin of 17.79% and a return on equity of 18.15%. As a group, sell-side analysts expect that Rithm Capital Corp. will post 1.93 earnings per share for the current year.
Rithm Capital Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 8.88%. Rithm Capital's dividend payout ratio is currently 59.88%.
Rithm Capital Company Profile
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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.
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