Sei Investments Co. Increases Stock Holdings in Rithm Capital Corp. (NYSE:RITM)

Sei Investments Co. boosted its holdings in shares of Rithm Capital Corp. (NYSE:RITM - Free Report) by 12.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 682,516 shares of the real estate investment trust's stock after acquiring an additional 77,768 shares during the period. Sei Investments Co. owned about 0.13% of Rithm Capital worth $7,392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Wilmington Savings Fund Society FSB purchased a new position in Rithm Capital during the third quarter valued at $43,000. Householder Group Estate & Retirement Specialist LLC grew its holdings in shares of Rithm Capital by 86.7% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 4,439 shares of the real estate investment trust's stock valued at $48,000 after purchasing an additional 2,062 shares during the period. FNY Investment Advisers LLC increased its position in Rithm Capital by 8,600.0% during the fourth 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. Whittier Trust Co. raised its stake in Rithm Capital by 1,860.7% during the fourth quarter. Whittier Trust Co. now owns 10,274 shares of the real estate investment trust's stock worth $111,000 after purchasing an additional 9,750 shares during the period. Finally, Perigon Wealth Management LLC acquired a new position in Rithm Capital in the 4th quarter valued at about $120,000. Institutional investors own 44.92% of the company's stock.

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Rithm Capital Stock Performance

Shares of NYSE:RITM traded down $0.29 during trading on Thursday, reaching $11.26. The company had a trading volume of 5,135,760 shares, compared to its average volume of 3,601,944. 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 fifty day moving average price is $11.70 and its 200 day moving average price is $11.23. Rithm Capital Corp. has a fifty-two week low of $10.38 and a fifty-two week high of $12.20. The firm has a market capitalization of $5.86 billion, a price-to-earnings ratio of 6.74 and a beta of 1.83.

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 analysts' consensus estimates 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, equities research analysts predict that Rithm Capital Corp. will post 1.93 EPS for the current year.

Rithm Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.88%. The ex-dividend date is Monday, March 31st. Rithm Capital's dividend payout ratio (DPR) is 59.88%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Piper Sandler increased their target price on shares of Rithm Capital from $11.50 to $12.50 and gave the stock a "neutral" rating in a research note on Friday, February 7th. JMP Securities reissued a "market outperform" rating and set a $12.50 target price on shares of Rithm Capital in a research report on Thursday, January 23rd. Wedbush reissued an "outperform" rating and set a $14.00 price objective on shares of Rithm Capital in a report on Friday, March 28th. Finally, B. Riley upgraded shares of Rithm Capital to a "strong-buy" rating in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating, four 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 target price of $13.25.

Rithm Capital Company 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.