Signaturefd LLC Has $509,000 Stake in Rithm Capital Corp. (NYSE:RITM)

Signaturefd LLC raised its position in Rithm Capital Corp. (NYSE:RITM) by 3.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 47,694 shares of the real estate investment trust’s stock after purchasing an additional 1,804 shares during the period. Signaturefd LLC’s holdings in Rithm Capital were worth $509,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its position in shares of Rithm Capital by 3.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,758,579 shares of the real estate investment trust’s stock valued at $44,207,000 after acquiring an additional 172,517 shares during the period. Northern Trust Corp lifted its position in shares of Rithm Capital by 69.3% during the 3rd quarter. Northern Trust Corp now owns 3,830,066 shares of the real estate investment trust’s stock valued at $35,581,000 after acquiring an additional 1,567,489 shares during the period. Vaughan Nelson Investment Management L.P. lifted its position in shares of Rithm Capital by 0.8% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 3,089,008 shares of the real estate investment trust’s stock valued at $28,697,000 after acquiring an additional 25,323 shares during the period. Advisors Capital Management LLC lifted its position in shares of Rithm Capital by 2.8% during the 3rd quarter. Advisors Capital Management LLC now owns 2,435,331 shares of the real estate investment trust’s stock valued at $22,624,000 after acquiring an additional 66,750 shares during the period. Finally, Invesco Ltd. lifted its position in shares of Rithm Capital by 67.0% during the 3rd quarter. Invesco Ltd. now owns 1,198,412 shares of the real estate investment trust’s stock valued at $11,133,000 after acquiring an additional 480,769 shares during the period. Institutional investors and hedge funds own 44.92% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. JMP Securities reiterated a “market outperform” rating and set a $11.00 target price on shares of Rithm Capital in a research report on Thursday, April 18th. Royal Bank of Canada restated an “outperform” rating and set a $12.00 price target on shares of Rithm Capital in a research note on Monday, April 1st. B. Riley boosted their price target on shares of Rithm Capital from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. Jonestrading boosted their price target on shares of Rithm Capital from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Finally, Argus boosted their price target on shares of Rithm Capital from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $12.00.

Rithm Capital Price Performance

NYSE RITM opened at $11.13 on Thursday. The firm’s 50-day simple moving average is $10.85 and its two-hundred day simple moving average is $10.45. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.12. Rithm Capital Corp. has a 52 week low of $7.59 and a 52 week high of $11.33. The company has a market cap of $5.39 billion, a PE ratio of 10.12 and a beta of 1.82.

Rithm Capital (NYSE:RITM) last announced its 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 net margin of 17.15% and a return on equity of 18.49%. The business had revenue of $709.47 million during the quarter, compared to analyst estimates of $887.04 million. During the same period in the previous year, the business posted $0.33 earnings per share. Research analysts predict that Rithm Capital Corp. will post 1.69 earnings per share for the current year.

Rithm Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Monday, April 1st will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $1.00 annualized dividend and a yield of 8.98%. Rithm Capital’s payout ratio is presently 90.91%.

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.