Rithm Capital Corp. (NYSE:RITM) Shares Sold by Lewis Asset Management LLC

Lewis Asset Management LLC decreased its holdings in Rithm Capital Corp. (NYSE:RITM) by 9.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 228,906 shares of the real estate investment trust’s stock after selling 24,837 shares during the quarter. Rithm Capital accounts for about 1.9% of Lewis Asset Management LLC’s portfolio, making the stock its 10th largest holding. Lewis Asset Management LLC’s holdings in Rithm Capital were worth $2,479,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. SeaCrest Wealth Management LLC raised its position in shares of Rithm Capital by 1.0% in the 4th quarter. SeaCrest Wealth Management LLC now owns 94,566 shares of the real estate investment trust’s stock valued at $1,024,000 after buying an additional 951 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Rithm Capital by 4.1% in the 2nd quarter. AQR Capital Management LLC now owns 29,848 shares of the real estate investment trust’s stock valued at $326,000 after buying an additional 1,183 shares in the last quarter. Empowered Funds LLC raised its position in shares of Rithm Capital by 8.3% in the 3rd quarter. Empowered Funds LLC now owns 15,824 shares of the real estate investment trust’s stock valued at $176,000 after buying an additional 1,216 shares in the last quarter. HB Wealth Management LLC raised its position in shares of Rithm Capital by 10.4% in the 4th quarter. HB Wealth Management LLC now owns 15,024 shares of the real estate investment trust’s stock valued at $163,000 after buying an additional 1,411 shares in the last quarter. Finally, Foster Victor Wealth Advisors LLC raised its position in shares of Rithm Capital by 2.6% in the 4th quarter. Foster Victor Wealth Advisors LLC now owns 57,849 shares of the real estate investment trust’s stock valued at $657,000 after buying an additional 1,457 shares in the last quarter. Institutional investors and hedge funds own 44.92% of the company’s stock.

Rithm Capital Trading Down 0.6 %

RITM opened at $11.35 on Thursday. Rithm Capital Corp. has a fifty-two week low of $9.97 and a fifty-two week high of $12.02. 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 market capitalization of $5.90 billion, a price-to-earnings ratio of 11.46 and a beta of 1.79. The company’s 50 day moving average price is $11.08 and its two-hundred day moving average price is $11.14.

Rithm Capital (NYSE:RITM) last posted its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $1.11 billion. During the same period in the previous year, the firm posted $0.58 EPS. As a group, research analysts predict that Rithm Capital Corp. will post 1.95 earnings per share for the current year.

Rithm Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 8.81%. The ex-dividend date of this dividend is Tuesday, December 31st. Rithm Capital’s payout ratio is 101.01%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on RITM shares. JMP Securities restated a “market outperform” rating and issued a $12.50 target price on shares of Rithm Capital in a research report on Thursday, January 23rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $13.00 price target on shares of Rithm Capital in a report on Thursday, November 21st. B. Riley raised shares of Rithm Capital to a “strong-buy” rating in a report on Tuesday, January 7th. 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. Finally, Wedbush reaffirmed an “outperform” rating and set a $14.00 price target on shares of Rithm Capital in a report on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Rithm Capital currently has an average rating of “Buy” and an average 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.