Rithm Capital Corp. (NYSE:RITM) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp lessened its position in Rithm Capital Corp. (NYSE:RITM - Free Report) by 9.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,813,420 shares of the real estate investment trust's stock after selling 190,637 shares during the quarter. Van ECK Associates Corp owned about 0.35% of Rithm Capital worth $19,639,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Truvestments Capital LLC purchased a new position in Rithm Capital during the third quarter worth approximately $43,000. Wilmington Savings Fund Society FSB purchased a new position in Rithm Capital during the third quarter worth approximately $43,000. Householder Group Estate & Retirement Specialist LLC lifted its position in 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 worth $48,000 after buying an additional 2,062 shares in the last quarter. Godsey & Gibb Inc. purchased a new position in Rithm Capital during the third quarter worth approximately $51,000. Finally, FNY Investment Advisers LLC lifted 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 buying an additional 8,600 shares in the last quarter. Hedge funds and other institutional investors own 44.92% of the company's stock.

Rithm Capital Stock Down 0.0 %

NYSE RITM traded down $0.01 during trading on Tuesday, reaching $12.03. 1,440,881 shares of the company's stock were exchanged, compared to its average volume of 3,634,526. The stock has a market cap of $6.25 billion, a P/E ratio of 7.20 and a beta of 1.79. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.35 and a current ratio of 1.35. The company has a 50 day moving average price of $11.24 and a two-hundred day moving average price of $11.16. Rithm Capital Corp. has a 1 year low of $10.38 and a 1 year high of $12.10.

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, topping analysts' consensus estimates of $0.44 by $0.16. Rithm Capital had a return on equity of 18.46% and a net margin of 17.79%. On average, equities research analysts anticipate that Rithm Capital Corp. will post 1.92 EPS for the current fiscal year.

Rithm Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 8.32%. The ex-dividend date was Tuesday, December 31st. Rithm Capital's payout ratio is currently 59.88%.

Wall Street Analysts Forecast Growth

RITM has been the topic of a number of research analyst reports. Wedbush restated an "outperform" rating and issued a $14.00 target price on shares of Rithm Capital in a research report on Thursday, November 7th. Piper Sandler lifted their price objective on Rithm Capital from $11.50 to $12.50 and gave the company a "neutral" rating in a research note on Friday, February 7th. JMP Securities reaffirmed a "market outperform" rating and issued a $12.50 price objective on shares of Rithm Capital in a research note on Thursday, January 23rd. Royal Bank of Canada reissued an "outperform" rating and set a $13.00 target price on shares of Rithm Capital in a research note on Thursday, November 21st. Finally, Keefe, Bruyette & Woods boosted their target price 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 equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $12.94.

About Rithm Capital

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.