49,350 Shares in Rithm Capital Corp. (NYSE:RITM) Acquired by Sage Investment Counsel LLC

Sage Investment Counsel LLC acquired a new stake in Rithm Capital Corp. (NYSE:RITM - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 49,350 shares of the real estate investment trust's stock, valued at approximately $534,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RITM. Creative Planning lifted its holdings in shares of Rithm Capital by 20.6% during the 3rd quarter. Creative Planning now owns 77,109 shares of the real estate investment trust's stock valued at $875,000 after buying an additional 13,152 shares during the last quarter. International Assets Investment Management LLC increased its holdings in 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 worth $1,902,000 after buying an additional 150,782 shares during the last quarter. Allworth Financial LP raised 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 acquiring an additional 6,414 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Rithm Capital by 63.5% in 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 acquiring an additional 7,057 shares during the last quarter. Finally, US Bancorp DE grew its position in 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. Hedge funds and other institutional investors own 44.92% of the company's stock.

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Rithm Capital Stock Performance

Shares of NYSE RITM traded up $0.21 during trading hours on Wednesday, hitting $11.82. 3,763,448 shares of the company's stock were exchanged, compared to its average volume of 3,389,483. The company's 50-day moving average price is $11.45 and its 200-day moving average price is $11.23. Rithm Capital Corp. has a 1-year low of $10.38 and a 1-year high of $12.20. The stock has a market capitalization of $6.15 billion, a price-to-earnings ratio of 7.07 and a beta of 1.79. 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 (NYSE:RITM - Get Free Report) last issued its quarterly earnings results 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 return on equity of 18.15% and a net margin of 17.79%. On average, sell-side analysts expect that Rithm Capital Corp. will post 1.93 earnings per share for the current fiscal year.

Rithm Capital Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. B. Riley upgraded shares of Rithm Capital to a "strong-buy" rating in a report on Tuesday, January 7th. Wedbush restated an "outperform" rating and set a $14.00 target price on shares of Rithm Capital in a report on Thursday, November 7th. Piper Sandler boosted their price target on Rithm Capital from $11.50 to $12.50 and gave the stock a "neutral" rating in a research report on Friday, February 7th. JMP Securities reissued a "market outperform" rating and set a $12.50 price objective on shares of Rithm Capital in a report on Thursday, January 23rd. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $13.00 target price on shares of Rithm Capital in a report on Thursday, November 21st. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Rithm Capital currently has a consensus 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.