Atomi Financial Group Inc. decreased its holdings in shares of Rithm Capital Corp. (NYSE:RITM – Free Report) by 27.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,906 shares of the real estate investment trust’s stock after selling 6,805 shares during the quarter. Atomi Financial Group Inc.’s holdings in Rithm Capital were worth $194,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its position in shares of Rithm Capital by 154.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,513 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 1,525 shares during the last quarter. Truvestments Capital LLC acquired a new position in Rithm Capital in the 3rd quarter valued at approximately $43,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Rithm Capital in the 3rd quarter worth approximately $43,000. Householder Group Estate & Retirement Specialist LLC grew its holdings in shares of Rithm Capital by 86.7% during 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. Finally, Godsey & Gibb Inc. bought a new stake in shares of Rithm Capital during the third quarter valued at approximately $51,000. Institutional investors and hedge funds own 44.92% of the company’s stock.
Analysts Set New Price Targets
RITM has been the topic of a number of recent research reports. Wedbush reiterated an “outperform” rating and set a $14.00 price target on shares of Rithm Capital in a research note on Thursday, November 7th. Royal Bank of Canada reiterated an “outperform” rating and set a $13.00 target price on shares of Rithm Capital in a research report on Thursday, November 21st. Keefe, Bruyette & Woods increased their price target on shares of Rithm Capital from $13.00 to $13.50 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. B. Riley upgraded shares of Rithm Capital to a “strong-buy” rating in a research note on Tuesday, January 7th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $12.50 price objective on shares of Rithm Capital in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Rithm Capital has a consensus rating of “Buy” and an average target price of $12.94.
Rithm Capital Stock Performance
NYSE RITM opened at $11.40 on Tuesday. The firm has a market cap of $5.92 billion, a price-to-earnings ratio of 11.51 and a beta of 1.79. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.63. Rithm Capital Corp. has a 1-year low of $9.97 and a 1-year high of $12.02. The company has a 50 day moving average of $11.05 and a 200-day moving average of $11.14.
Rithm Capital (NYSE:RITM – Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.12. The firm had revenue of $619.51 million during the quarter, compared to the consensus estimate of $1.11 billion. Rithm Capital had a return on equity of 17.54% and a net margin of 14.99%. During the same quarter in the previous year, the company posted $0.58 EPS. On average, equities analysts forecast that Rithm Capital Corp. will post 1.95 earnings per share for the current fiscal year.
Rithm Capital Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.78%. Rithm Capital’s dividend payout ratio is 101.01%.
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.
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