Rithm Capital Corp. (NYSE:RITM) Shares Acquired by Fmr LLC

Fmr LLC boosted its holdings in Rithm Capital Corp. (NYSE:RITM) by 0.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 624,501 shares of the real estate investment trust’s stock after purchasing an additional 5,440 shares during the quarter. Fmr LLC owned approximately 0.12% of Rithm Capital worth $7,088,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in RITM. The Manufacturers Life Insurance Company increased its stake in shares of Rithm Capital by 1.6% during the third quarter. The Manufacturers Life Insurance Company now owns 124,699 shares of the real estate investment trust’s stock valued at $1,415,000 after acquiring an additional 2,015 shares during the period. Capital Square LLC increased its position in shares of Rithm Capital by 0.8% during the 3rd quarter. Capital Square LLC now owns 247,402 shares of the real estate investment trust’s stock valued at $2,808,000 after purchasing an additional 1,892 shares during the period. Truvestments Capital LLC acquired a new position in shares of Rithm Capital during the 3rd quarter valued at $43,000. Periscope Capital Inc. bought a new stake in shares of Rithm Capital in the 3rd quarter worth $114,000. Finally, Alpha DNA Investment Management LLC lifted its holdings in shares of Rithm Capital by 13.7% in the third quarter. Alpha DNA Investment Management LLC now owns 34,704 shares of the real estate investment trust’s stock valued at $394,000 after buying an additional 4,186 shares during the period. Institutional investors own 44.92% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods increased their price objective on Rithm Capital from $13.00 to $13.50 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Wedbush reissued an “outperform” rating and issued a $14.00 price target on shares of Rithm Capital in a research report on Thursday, November 7th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $13.00 price objective on shares of Rithm Capital in a research report on Thursday, November 21st. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Rithm Capital presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.94.

Rithm Capital Stock Performance

Shares of RITM opened at $11.17 on Friday. Rithm Capital Corp. has a one year low of $9.97 and a one year high of $12.02. The company has a market cap of $5.80 billion, a PE ratio of 11.28 and a beta of 1.80. The stock has a 50-day moving average of $10.82 and a 200-day moving average of $11.12. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.35 and a quick ratio of 1.35.

Rithm Capital (NYSE:RITM) last announced its earnings results 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. Rithm Capital had a return on equity of 17.54% and a net margin of 14.99%. The company had revenue of $619.51 million for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the previous year, the firm earned $0.58 earnings per share. On average, equities research analysts predict that Rithm Capital Corp. will post 1.89 EPS for the current fiscal year.

Rithm Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 1st were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 8.96%. The ex-dividend date of this dividend was Tuesday, October 1st. Rithm Capital’s dividend payout ratio (DPR) 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.