Rithm Capital Corp. (NYSE:RITM) Holdings Raised by Beck Capital Management LLC

Beck Capital Management LLC lifted its stake in Rithm Capital Corp. (NYSE:RITM) by 2.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 223,918 shares of the real estate investment trust’s stock after purchasing an additional 5,545 shares during the quarter. Beck Capital Management LLC’s holdings in Rithm Capital were worth $2,541,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its stake in Rithm Capital by 7.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 225,902 shares of the real estate investment trust’s stock valued at $2,522,000 after purchasing an additional 15,098 shares during the period. Cetera Investment Advisers raised its position in Rithm Capital by 460.3% during the first quarter. Cetera Investment Advisers now owns 265,611 shares of the real estate investment trust’s stock valued at $2,964,000 after buying an additional 218,206 shares during the period. Cetera Advisors LLC lifted its stake in Rithm Capital by 16.3% in the 1st quarter. Cetera Advisors LLC now owns 200,775 shares of the real estate investment trust’s stock worth $2,241,000 after acquiring an additional 28,212 shares in the last quarter. U.S. Capital Wealth Advisors LLC grew its stake in Rithm Capital by 28.3% during the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 15,282 shares of the real estate investment trust’s stock valued at $167,000 after acquiring an additional 3,367 shares in the last quarter. Finally, HFG Advisors Inc. purchased a new position in Rithm Capital during the 2nd quarter valued at about $109,000. Institutional investors and hedge funds own 44.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on RITM shares. Royal Bank of Canada reissued an “outperform” rating and issued a $13.00 price target on shares of Rithm Capital in a research report on Thursday, November 21st. Wedbush reiterated an “outperform” rating and issued a $14.00 target price on shares of Rithm Capital in a research report on Thursday, November 7th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Rithm Capital currently has a consensus rating of “Moderate Buy” and an average price target of $12.78.

Rithm Capital Stock Performance

RITM stock opened at $11.25 on Monday. The company has a market capitalization of $5.85 billion, a price-to-earnings ratio of 11.36 and a beta of 1.80. The firm has a 50 day moving average of $10.83 and a two-hundred day moving average of $11.12. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.63. Rithm Capital Corp. has a 12 month low of $9.97 and a 12 month high of $12.02.

Rithm Capital (NYSE:RITM) last posted its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.54 EPS for the quarter, topping the consensus estimate of $0.42 by $0.12. Rithm Capital had a net margin of 14.99% and a return on equity of 17.54%. The firm had revenue of $619.51 million for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the business posted $0.58 earnings per share. As a group, equities analysts anticipate that Rithm Capital Corp. will post 1.89 EPS for the current fiscal year.

Rithm Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 1st were issued a $0.25 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $1.00 annualized dividend and a yield of 8.89%. Rithm Capital’s dividend payout ratio (DPR) is currently 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.