Swiss National Bank Raises Stock Holdings in Rithm Capital Corp. (NYSE:RITM)

Swiss National Bank lifted its stake in Rithm Capital Corp. (NYSE:RITM - Free Report) by 8.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,022,205 shares of the real estate investment trust's stock after acquiring an additional 78,500 shares during the quarter. Swiss National Bank owned 0.20% of Rithm Capital worth $11,070,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Larson Financial Group LLC increased its position in Rithm Capital by 19.6% during the fourth quarter. Larson Financial Group LLC now owns 174,762 shares of the real estate investment trust's stock valued at $1,893,000 after acquiring an additional 28,650 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Rithm Capital during the 4th quarter valued at about $7,572,000. Arizona State Retirement System lifted its stake in shares of Rithm Capital by 8.3% in the 4th quarter. Arizona State Retirement System now owns 150,834 shares of the real estate investment trust's stock worth $1,634,000 after purchasing an additional 11,620 shares during the period. Aigen Investment Management LP bought a new position in shares of Rithm Capital in the 4th quarter worth approximately $271,000. Finally, Proficio Capital Partners LLC bought a new stake in Rithm Capital during the fourth quarter valued at approximately $176,000. 44.92% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on RITM shares. JMP Securities reiterated a "market outperform" rating and issued a $12.50 price target on shares of Rithm Capital in a research report on Thursday, January 23rd. Piper Sandler lifted their target price on Rithm Capital from $11.50 to $12.50 and gave the company a "neutral" rating in a research report on Friday, February 7th. B. Riley raised Rithm Capital to a "strong-buy" rating in a report on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods raised their price objective on Rithm Capital from $13.00 to $13.50 and gave the stock an "outperform" rating in a research note on Tuesday, December 3rd. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $13.25.

Rithm Capital Price Performance

NYSE:RITM traded up $0.18 on Monday, reaching $11.81. 3,866,202 shares of the company's stock traded hands, compared to its average volume of 3,444,200. The stock has a 50-day simple moving average of $11.64 and a 200-day simple moving average of $11.23. Rithm Capital Corp. has a 12 month low of $10.38 and a 12 month high of $12.20. The firm has a market cap of $6.15 billion, a PE ratio of 7.07 and a beta of 1.83. The company has a quick ratio of 1.35, a current ratio of 1.09 and a debt-to-equity ratio of 1.74.

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

Rithm Capital Announces Dividend

The company 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 8.47%. Rithm Capital's dividend payout ratio (DPR) is 59.88%.

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.