Campbell & CO Investment Adviser LLC Has $421,000 Stake in Rithm Capital Corp. (NYSE:RITM)

Campbell & CO Investment Adviser LLC reduced its holdings in Rithm Capital Corp. (NYSE:RITM) by 11.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,457 shares of the real estate investment trust’s stock after selling 5,274 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Rithm Capital were worth $421,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Treasurer of the State of North Carolina lifted its holdings in Rithm Capital by 4.2% in the fourth quarter. Treasurer of the State of North Carolina now owns 220,466 shares of the real estate investment trust’s stock valued at $2,355,000 after buying an additional 8,889 shares during the period. Allianz Asset Management GmbH increased its stake in Rithm Capital by 107.7% in the fourth quarter. Allianz Asset Management GmbH now owns 1,171,379 shares of the real estate investment trust’s stock valued at $12,510,000 after purchasing an additional 607,413 shares in the last quarter. Cape Investment Advisory Inc. bought a new stake in Rithm Capital in the fourth quarter valued at approximately $71,000. Intech Investment Management LLC bought a new stake in Rithm Capital in the fourth quarter valued at approximately $524,000. Finally, Nomura Asset Management Co. Ltd. increased its stake in Rithm Capital by 15.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 9,100 shares of the real estate investment trust’s stock valued at $97,000 after purchasing an additional 1,200 shares in the last quarter. 44.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

RITM has been the subject of several research reports. Jonestrading increased their price objective on shares of Rithm Capital from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Argus raised their target price on shares of Rithm Capital from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. Piper Sandler raised their target price on shares of Rithm Capital from $10.50 to $12.50 and gave the company a “neutral” rating in a research report on Tuesday, May 14th. Wedbush reaffirmed an “outperform” rating and issued a $13.00 target price on shares of Rithm Capital in a research report on Thursday, May 9th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $11.00 target price on shares of Rithm Capital in a research report on Thursday, April 18th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.32.

Rithm Capital Stock Performance

Shares of RITM stock opened at $11.09 on Tuesday. The company has a market capitalization of $5.36 billion, a price-to-earnings ratio of 7.39 and a beta of 1.80. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 0.29. The company has a 50-day simple moving average of $11.08 and a 200 day simple moving average of $10.85. Rithm Capital Corp. has a 52 week low of $8.87 and a 52 week high of $11.60.

Rithm Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Monday, April 1st were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 9.02%. The ex-dividend date of this dividend was Thursday, March 28th. Rithm Capital’s payout ratio is 66.67%.

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.