Rithm Capital Corp. (NYSE:RITM) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC boosted its position in shares of Rithm Capital Corp. (NYSE:RITM - Free Report) by 78.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 647,970 shares of the real estate investment trust's stock after acquiring an additional 285,668 shares during the period. SG Americas Securities LLC owned 0.12% of Rithm Capital worth $7,018,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Diversify Advisory Services LLC bought a new position in shares of Rithm Capital during the fourth quarter worth $189,000. HB Wealth Management LLC boosted its holdings in shares of Rithm Capital by 10.4% during the 4th quarter. HB Wealth Management LLC now owns 15,024 shares of the real estate investment trust's stock valued at $163,000 after purchasing an additional 1,411 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC grew its position in shares of Rithm Capital by 86.7% during 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 in the last quarter. Redhawk Wealth Advisors Inc. increased its holdings in shares of Rithm Capital by 10.5% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 53,815 shares of the real estate investment trust's stock worth $583,000 after purchasing an additional 5,127 shares during the last quarter. Finally, Burney Co. lifted its position in shares of Rithm Capital by 5.9% in the fourth quarter. Burney Co. now owns 119,420 shares of the real estate investment trust's stock worth $1,293,000 after buying an additional 6,601 shares in the last quarter. Hedge funds and other institutional investors own 44.92% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $13.00 price objective on shares of Rithm Capital in a research note on Thursday, November 21st. Keefe, Bruyette & Woods increased their price objective on shares of Rithm Capital from $13.00 to $13.50 and gave the company an "outperform" rating in a research report on Tuesday, December 3rd. Wedbush restated an "outperform" rating and issued a $14.00 target price on shares of Rithm Capital in a report on Thursday, November 7th. B. Riley raised shares of Rithm Capital to a "strong-buy" rating in a report on Tuesday, January 7th. Finally, JMP Securities reissued a "market outperform" rating and set a $12.50 price objective on shares of Rithm Capital in a research note on Thursday. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $12.94.

Rithm Capital Trading Up 0.3 %

Shares of NYSE RITM traded up $0.04 during midday trading on Friday, hitting $11.32. The company's stock had a trading volume of 2,921,215 shares, compared to its average volume of 3,425,146. The firm has a market cap of $5.88 billion, a P/E ratio of 11.43 and a beta of 1.79. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.63. Rithm Capital Corp. has a 12-month low of $9.97 and a 12-month high of $12.02. The business's 50 day moving average is $11.04 and its two-hundred day moving average is $11.13.

Rithm Capital (NYSE:RITM - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.12. The firm had revenue of $619.51 million during the quarter, compared to the consensus estimate of $1.11 billion. Rithm Capital had a net margin of 14.99% and a return on equity of 17.54%. During the same quarter in the previous year, the firm posted $0.58 earnings per share. As a group, equities research analysts expect that Rithm Capital Corp. will post 1.95 EPS for the current year.

Rithm Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a $0.25 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.84%. Rithm Capital's payout ratio is 101.01%.

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.