Rithm Capital Corp. (NYSE:RITM) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. increased its stake in shares of Rithm Capital Corp. (NYSE:RITM - Free Report) by 19.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 238,188 shares of the real estate investment trust's stock after acquiring an additional 38,855 shares during the period. Victory Capital Management Inc.'s holdings in Rithm Capital were worth $2,580,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Empowered Funds LLC raised its position in shares of Rithm Capital by 8.3% in the third quarter. Empowered Funds LLC now owns 15,824 shares of the real estate investment trust's stock worth $176,000 after acquiring an additional 1,216 shares during the period. LMR Partners LLP acquired a new position in Rithm Capital in the 3rd quarter worth about $7,378,000. Advisors Asset Management Inc. boosted its position in Rithm Capital by 2.3% during the third quarter. Advisors Asset Management Inc. now owns 119,344 shares of the real estate investment trust's stock worth $1,355,000 after purchasing an additional 2,654 shares in the last quarter. Moors & Cabot Inc. grew its holdings in Rithm Capital by 3.1% in the third quarter. Moors & Cabot Inc. now owns 80,459 shares of the real estate investment trust's stock valued at $913,000 after purchasing an additional 2,428 shares during the period. Finally, Moran Wealth Management LLC purchased a new stake in shares of Rithm Capital in the third quarter valued at approximately $266,000. 44.92% of the stock is currently owned by hedge funds and other institutional investors.

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Rithm Capital Trading Up 0.0 %

NYSE:RITM traded up $0.01 on Thursday, reaching $11.83. 1,389,514 shares of the company's stock were exchanged, compared to its average volume of 3,407,569. The business has a fifty day moving average of $11.58 and a 200-day moving average of $11.23. 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 Corp. has a 52-week low of $10.38 and a 52-week high of $12.20. The firm has a market capitalization of $6.16 billion, a price-to-earnings ratio of 7.09 and a beta of 1.83.

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, beating the consensus estimate 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, analysts expect that Rithm Capital Corp. will post 1.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on RITM shares. Royal Bank of Canada reissued an "outperform" rating and issued a $13.00 price target on shares of Rithm Capital in a research note on Thursday, November 21st. JMP Securities reiterated a "market outperform" rating and issued a $12.50 target price on shares of Rithm Capital in a research report on Thursday, January 23rd. Piper Sandler raised their price target on shares of Rithm Capital from $11.50 to $12.50 and gave the company a "neutral" rating in a research note on Friday, February 7th. B. Riley upgraded Rithm Capital to a "strong-buy" rating in a research note on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods raised their target price on Rithm Capital from $13.00 to $13.50 and gave the company an "outperform" rating in a research report on Tuesday, December 3rd. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $13.25.

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.