Rithm Capital Corp. (NYSE:RITM) Shares Bought by Allworth Financial LP

Allworth Financial LP boosted its stake in shares of Rithm Capital Corp. (NYSE:RITM) by 1,437.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 133,688 shares of the real estate investment trust’s stock after purchasing an additional 124,993 shares during the quarter. Allworth Financial LP’s holdings in Rithm Capital were worth $1,505,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of RITM. Creative Planning grew its holdings in Rithm Capital by 20.6% during the third quarter. Creative Planning now owns 77,109 shares of the real estate investment trust’s stock worth $875,000 after acquiring an additional 13,152 shares during the period. Calton & Associates Inc. acquired a new stake in shares of Rithm Capital during the 3rd quarter worth approximately $763,000. International Assets Investment Management LLC increased its holdings in shares of Rithm Capital by 895.6% during the 3rd quarter. International Assets Investment Management LLC now owns 167,617 shares of the real estate investment trust’s stock valued at $1,902,000 after purchasing an additional 150,782 shares in the last quarter. Highland Capital Management LLC lifted its stake in shares of Rithm Capital by 10.2% in the 3rd quarter. Highland Capital Management LLC now owns 54,125 shares of the real estate investment trust’s stock valued at $614,000 after purchasing an additional 5,000 shares during the period. Finally, PFG Investments LLC boosted its holdings in Rithm Capital by 2.9% during the third quarter. PFG Investments LLC now owns 65,262 shares of the real estate investment trust’s stock worth $741,000 after buying an additional 1,825 shares in the last quarter. Hedge funds and other institutional investors own 44.92% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on RITM shares. Wedbush reiterated an “outperform” rating and issued a $14.00 price objective on shares of Rithm Capital in a research report on Thursday, November 7th. Royal Bank of Canada restated an “outperform” rating and issued a $13.00 price target on shares of Rithm Capital in a research note on Thursday, November 21st. Piper Sandler increased their price target on Rithm Capital from $11.50 to $12.50 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Keefe, Bruyette & Woods boosted their price objective on Rithm Capital from $13.00 to $13.50 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Finally, B. Riley raised Rithm Capital to a “strong-buy” rating in a research note on Tuesday, January 7th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $12.94.

Rithm Capital Trading Down 0.5 %

RITM stock opened at $11.98 on Wednesday. The business’s 50-day moving average is $11.24 and its 200 day moving average is $11.16. Rithm Capital Corp. has a 12-month low of $10.38 and a 12-month high of $12.10. The stock has a market cap of $6.22 billion, a price-to-earnings ratio of 7.17 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 (NYSE:RITM) last issued its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.16. Rithm Capital had a return on equity of 18.46% and a net margin of 17.79%. On average, sell-side analysts anticipate that Rithm Capital Corp. will post 1.92 EPS for the current fiscal year.

Rithm Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.35%. The ex-dividend date was Tuesday, December 31st. Rithm Capital’s dividend payout ratio (DPR) is 59.88%.

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.