Rithm Capital Corp. (NYSE:RITM) Shares Acquired by FNY Investment Advisers LLC

FNY Investment Advisers LLC raised its stake in shares of Rithm Capital Corp. (NYSE:RITM) by 8,600.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,700 shares of the real estate investment trust’s stock after purchasing an additional 8,600 shares during the period. FNY Investment Advisers LLC’s holdings in Rithm Capital were worth $94,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Rithm Capital by 154.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,513 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 1,525 shares during the last quarter. Truvestments Capital LLC purchased a new stake in Rithm Capital during the third quarter valued at about $43,000. Wilmington Savings Fund Society FSB acquired a new stake in Rithm Capital during the third quarter worth about $43,000. Godsey & Gibb Inc. purchased a new position in shares of Rithm Capital in the 3rd quarter worth about $51,000. Finally, Future Financial Wealth Managment LLC acquired a new position in shares of Rithm Capital in the 3rd quarter valued at about $73,000. Hedge funds and other institutional investors own 44.92% of the company’s stock.

Wall Street Analysts Forecast Growth

RITM has been the topic of several research reports. Keefe, Bruyette & Woods raised their price target on shares of Rithm Capital from $13.00 to $13.50 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Royal Bank of Canada reissued an “outperform” rating and issued a $13.00 target price on shares of Rithm Capital in a research note on Thursday, November 21st. B. Riley upgraded Rithm Capital to a “strong-buy” rating in a report on Tuesday, January 7th. Finally, Wedbush reissued an “outperform” rating and issued a $14.00 price objective on shares of Rithm Capital in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $12.94.

Rithm Capital Stock Performance

NYSE:RITM opened at $11.17 on Thursday. Rithm Capital Corp. has a 1-year low of $9.97 and a 1-year high of $12.02. The stock has a market cap of $5.81 billion, a P/E ratio of 11.28 and a beta of 1.79. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.35 and a quick ratio of 1.35. The firm has a 50-day moving average of $10.96 and a two-hundred day moving average of $11.10.

Rithm Capital (NYSE:RITM) last issued its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.12. Rithm Capital had a return on equity of 17.54% and a net margin of 14.99%. The firm had revenue of $619.51 million during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the firm earned $0.58 EPS. On average, research analysts expect that Rithm Capital Corp. will post 1.93 earnings per share for the current fiscal year.

Rithm Capital Dividend Announcement

The business 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 annualized dividend and a yield of 8.95%. Rithm Capital’s dividend payout ratio is presently 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.