Quantbot Technologies LP Makes New $279,000 Investment in Rithm Capital Corp. (NYSE:RITM)

Quantbot Technologies LP acquired a new stake in Rithm Capital Corp. (NYSE:RITMFree Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 30,064 shares of the real estate investment trust’s stock, valued at approximately $279,000.

A number of other hedge funds also recently made changes to their positions in RITM. Geode Capital Management LLC lifted its holdings in Rithm Capital by 7.0% during the 2nd quarter. Geode Capital Management LLC now owns 9,087,373 shares of the real estate investment trust’s stock worth $85,063,000 after purchasing an additional 594,546 shares during the last quarter. Jump Financial LLC lifted its holdings in Rithm Capital by 668.7% during the 3rd quarter. Jump Financial LLC now owns 215,492 shares of the real estate investment trust’s stock worth $2,002,000 after purchasing an additional 187,460 shares during the last quarter. Capula Management Ltd acquired a new stake in Rithm Capital during the 3rd quarter worth approximately $910,000. Creative Planning lifted its holdings in Rithm Capital by 15.7% during the 2nd quarter. Creative Planning now owns 59,426 shares of the real estate investment trust’s stock worth $556,000 after purchasing an additional 8,046 shares during the last quarter. Finally, Koshinski Asset Management Inc. lifted its holdings in Rithm Capital by 19.9% during the 3rd quarter. Koshinski Asset Management Inc. now owns 65,655 shares of the real estate investment trust’s stock worth $610,000 after purchasing an additional 10,893 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Rithm Capital Price Performance

Shares of NYSE RITM opened at $10.22 on Friday. The stock has a market capitalization of $4.94 billion, a PE ratio of 9.29 and a beta of 1.83. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.31 and a quick ratio of 0.31. The business has a fifty day moving average price of $10.69 and a two-hundred day moving average price of $10.11. Rithm Capital Corp. has a fifty-two week low of $7.40 and a fifty-two week high of $11.15.

Rithm Capital (NYSE:RITMGet Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.16. Rithm Capital had a return on equity of 18.46% and a net margin of 17.15%. The company had revenue of $709.47 million for the quarter, compared to analyst estimates of $887.04 million. During the same quarter last year, the company posted $0.33 EPS. As a group, equities analysts predict that Rithm Capital Corp. will post 1.59 earnings per share for the current fiscal year.

Rithm Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 26th. Stockholders of record on Friday, December 29th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.00 annualized dividend and a dividend yield of 9.79%. Rithm Capital’s payout ratio is 90.91%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on RITM. UBS Group began coverage on Rithm Capital in a report on Wednesday, December 6th. They set a “buy” rating and a $12.50 price target for the company. JMP Securities lifted their price target on Rithm Capital from $10.50 to $11.00 and gave the stock a “market outperform” rating in a report on Thursday, January 18th. Finally, Jonestrading raised Rithm Capital from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a report on Friday, October 27th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Rithm Capital presently has a consensus rating of “Buy” and a consensus target price of $11.63.

Check Out Our Latest Research Report on Rithm Capital

Rithm Capital Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Rithm Capital (NYSE:RITM)

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