World Equity Group Inc. Has $3.35 Million Stock Position in Rithm Capital Corp. (NYSE:RITM)

World Equity Group Inc. grew its holdings in Rithm Capital Corp. (NYSE:RITM - Free Report) by 87.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 309,000 shares of the real estate investment trust's stock after purchasing an additional 144,100 shares during the period. World Equity Group Inc. owned approximately 0.06% of Rithm Capital worth $3,346,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of RITM. Truvestments Capital LLC bought a new stake in shares of Rithm Capital during the third quarter worth $43,000. Wilmington Savings Fund Society FSB bought a new stake in Rithm Capital during the 3rd quarter worth $43,000. Householder Group Estate & Retirement Specialist LLC increased its holdings in Rithm Capital by 86.7% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 4,439 shares of the real estate investment trust's stock worth $48,000 after purchasing an additional 2,062 shares in the last quarter. Allworth Financial LP raised its position in Rithm Capital by 281.2% in the third quarter. Allworth Financial LP now owns 8,695 shares of the real estate investment trust's stock valued at $99,000 after purchasing an additional 6,414 shares during the last quarter. Finally, FNY Investment Advisers LLC boosted its stake in shares of 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 valued at $94,000 after purchasing an additional 8,600 shares in the last quarter. Institutional investors and hedge funds own 44.92% of the company's stock.

Analyst Upgrades and Downgrades

RITM has been the subject of a number of research reports. Wedbush reiterated an "outperform" rating and issued a $14.00 price objective on shares of Rithm Capital in a report on Thursday, November 7th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $13.00 price target on shares of Rithm Capital in a research note on Thursday, November 21st. Keefe, Bruyette & Woods boosted their price objective on shares of Rithm Capital from $13.00 to $13.50 and gave the stock an "outperform" rating in a research note on Tuesday, December 3rd. B. Riley raised Rithm Capital to a "strong-buy" rating in a research report on Tuesday, January 7th. Finally, Piper Sandler increased their price target on Rithm Capital from $11.50 to $12.50 and gave the company a "neutral" rating in a research note on Friday, February 7th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $13.07.

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Rithm Capital Trading Up 0.7 %

RITM traded up $0.09 during trading on Wednesday, reaching $12.03. 3,064,942 shares of the stock traded hands, compared to its average volume of 3,702,136. The company has a quick ratio of 1.35, a current ratio of 1.09 and a debt-to-equity ratio of 1.74. The stock's 50-day moving average is $11.34 and its 200 day moving average is $11.20. Rithm Capital Corp. has a 12 month low of $10.38 and a 12 month high of $12.10. The stock has a market capitalization of $6.26 billion, a PE ratio of 7.20 and a beta of 1.79.

Rithm Capital (NYSE:RITM - Get Free Report) last announced its 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 return on equity of 18.15% and a net margin of 17.79%. Equities analysts anticipate that Rithm Capital Corp. will post 1.93 earnings per share for the current year.

Rithm Capital Dividend Announcement

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

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.