Burney Co. Has $1.29 Million Position in Rithm Capital Corp. (NYSE:RITM)

Burney Co. grew its holdings in Rithm Capital Corp. (NYSE:RITM) by 5.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 119,420 shares of the real estate investment trust’s stock after buying an additional 6,601 shares during the quarter. Burney Co.’s holdings in Rithm Capital were worth $1,293,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Victory Capital Management Inc. lifted its position in shares of Rithm Capital by 7.9% during the 2nd quarter. Victory Capital Management Inc. now owns 179,737 shares of the real estate investment trust’s stock worth $1,961,000 after buying an additional 13,186 shares during the period. Parallel Advisors LLC raised its stake in Rithm Capital by 6.5% during the second quarter. Parallel Advisors LLC now owns 29,735 shares of the real estate investment trust’s stock worth $324,000 after acquiring an additional 1,821 shares in the last quarter. Moors & Cabot Inc. lifted its holdings in shares of Rithm Capital by 13.4% during the second quarter. Moors & Cabot Inc. now owns 78,031 shares of the real estate investment trust’s stock valued at $851,000 after acquiring an additional 9,231 shares during the period. Perennial Investment Advisors LLC acquired a new stake in shares of Rithm Capital in the 2nd quarter valued at $111,000. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in shares of Rithm Capital by 11.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 60,643 shares of the real estate investment trust’s stock worth $661,000 after purchasing an additional 6,393 shares during the last quarter. 44.92% of the stock is owned by institutional investors.

Rithm Capital Stock Performance

RITM stock opened at $11.26 on Friday. The stock has a market capitalization of $5.85 billion, a PE ratio of 11.37 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 company has a 50 day moving average price of $10.97 and a 200 day moving average price of $11.10. Rithm Capital Corp. has a fifty-two week low of $9.97 and a fifty-two week high of $12.02.

Rithm Capital (NYSE:RITM) last issued its quarterly 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. The business had revenue of $619.51 million for the quarter, compared to analyst estimates of $1.11 billion. Rithm Capital had a return on equity of 17.54% and a net margin of 14.99%. During the same quarter in the prior year, the firm posted $0.58 earnings per share. Analysts forecast that Rithm Capital Corp. will post 1.95 EPS for the current year.

Rithm Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 8.88%. The ex-dividend date of this dividend is Tuesday, December 31st. Rithm Capital’s dividend payout ratio (DPR) is presently 101.01%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Keefe, Bruyette & Woods lifted 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. B. Riley upgraded shares of Rithm Capital to a “strong-buy” rating in a research note on Tuesday, January 7th. Wedbush restated an “outperform” rating and set a $14.00 price target on shares of Rithm Capital in a research report on Thursday, November 7th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $13.00 price objective on shares of Rithm Capital in a research report on Thursday, November 21st. One research 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 company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $12.94.

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.