Rithm Capital Corp. (NYSE:RITM) Shares Bought by Wiley BROS. Aintree Capital LLC

Wiley BROS. Aintree Capital LLC raised its holdings in shares of Rithm Capital Corp. (NYSE:RITM) by 1.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 243,602 shares of the real estate investment trust’s stock after purchasing an additional 3,408 shares during the period. Rithm Capital accounts for approximately 1.0% of Wiley BROS. Aintree Capital LLC’s investment portfolio, making the stock its 20th biggest holding. Wiley BROS. Aintree Capital LLC owned about 0.05% of Rithm Capital worth $2,278,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in RITM. Vanguard Group Inc. raised its stake in Rithm Capital by 0.8% in the first quarter. Vanguard Group Inc. now owns 42,301,286 shares of the real estate investment trust’s stock valued at $464,468,000 after buying an additional 321,279 shares during the last quarter. BlackRock Inc. raised its position in shares of Rithm Capital by 6.4% in the 1st quarter. BlackRock Inc. now owns 24,850,959 shares of the real estate investment trust’s stock valued at $198,808,000 after purchasing an additional 1,491,079 shares during the last quarter. Bank of America Corp DE boosted its stake in Rithm Capital by 23.2% in the 1st quarter. Bank of America Corp DE now owns 9,832,254 shares of the real estate investment trust’s stock worth $78,658,000 after purchasing an additional 1,852,760 shares in the last quarter. Geode Capital Management LLC grew its position in Rithm Capital by 36.8% during the 1st quarter. Geode Capital Management LLC now owns 8,492,827 shares of the real estate investment trust’s stock worth $68,036,000 after purchasing an additional 2,283,734 shares during the last quarter. Finally, State of Michigan Retirement System acquired a new position in Rithm Capital during the 1st quarter valued at approximately $67,238,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Rithm Capital Stock Performance

Rithm Capital stock traded up $0.17 during midday trading on Thursday, hitting $10.12. 890,387 shares of the company were exchanged, compared to its average volume of 4,024,624. Rithm Capital Corp. has a fifty-two week low of $6.86 and a fifty-two week high of $10.45. The firm has a market capitalization of $4.89 billion, a PE ratio of 7.60 and a beta of 1.81. The business has a fifty day simple moving average of $9.93 and a two-hundred day simple moving average of $8.92. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.66 and a current ratio of 0.66.

Rithm Capital (NYSE:RITM) last issued its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.28. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $880.65 million. Rithm Capital had a net margin of 20.61% and a return on equity of 14.96%. The business’s revenue was up 32.5% on a year-over-year basis. During the same quarter last year, the company earned $0.31 EPS. On average, sell-side analysts forecast that Rithm Capital Corp. will post 1.64 earnings per share for the current year.

Rithm Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Monday, July 3rd were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 9.88%. The ex-dividend date was Friday, June 30th. Rithm Capital’s payout ratio is currently 76.34%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on RITM. JMP Securities boosted their price objective on shares of Rithm Capital from $10.00 to $10.50 and gave the company an “outperform” rating in a report on Friday, July 21st. Raymond James boosted their price target on Rithm Capital from $11.50 to $12.00 and gave the company an “outperform” rating in a research note on Wednesday, August 30th. Piper Sandler raised their price objective on Rithm Capital from $10.00 to $10.50 in a research note on Monday, August 7th. Wedbush reiterated an “outperform” rating and issued a $12.00 target price on shares of Rithm Capital in a research report on Thursday, August 3rd. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $12.00 price target on shares of Rithm Capital in a research report on Friday, August 18th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Rithm Capital has a consensus rating of “Moderate Buy” and an average price target of $11.25.

Rithm Capital Company Profile

Rithm Capital Corp. operates as an investment manager that operates a vertically integrated mortgage platform and invests in real estate and related properties in the United States and Europe. The company provides capital and services to the real estate and financial services sectors. Its investment portfolio comprises mortgage servicing related assets, residential securities and loans, and single-family rental loans.