Signaturefd LLC Grows Stock Position in Rithm Capital Corp. (NYSE:RITM)

Signaturefd LLC grew its holdings in shares of Rithm Capital Corp. (NYSE:RITM) by 3.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 47,694 shares of the real estate investment trust’s stock after purchasing an additional 1,804 shares during the quarter. Signaturefd LLC’s holdings in Rithm Capital were worth $509,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its position in shares of Rithm Capital by 3.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,758,579 shares of the real estate investment trust’s stock valued at $44,207,000 after purchasing an additional 172,517 shares during the last quarter. Northern Trust Corp increased its position in shares of Rithm Capital by 69.3% during the 3rd quarter. Northern Trust Corp now owns 3,830,066 shares of the real estate investment trust’s stock valued at $35,581,000 after purchasing an additional 1,567,489 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its position in shares of Rithm Capital by 0.8% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 3,089,008 shares of the real estate investment trust’s stock valued at $28,697,000 after purchasing an additional 25,323 shares during the last quarter. Advisors Capital Management LLC increased its position in shares of Rithm Capital by 2.8% during the 3rd quarter. Advisors Capital Management LLC now owns 2,435,331 shares of the real estate investment trust’s stock valued at $22,624,000 after purchasing an additional 66,750 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of Rithm Capital by 67.0% during the 3rd quarter. Invesco Ltd. now owns 1,198,412 shares of the real estate investment trust’s stock valued at $11,133,000 after purchasing an additional 480,769 shares during the last quarter. Hedge funds and other institutional investors own 44.92% of the company’s stock.

Rithm Capital Trading Up 0.5 %

Shares of RITM opened at $11.13 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.30 and a quick ratio of 0.30. Rithm Capital Corp. has a 1 year low of $7.59 and a 1 year high of $11.33. The company has a 50 day simple moving average of $10.85 and a two-hundred day simple moving average of $10.45. The firm has a market cap of $5.39 billion, a P/E ratio of 10.12 and a beta of 1.82.

Rithm Capital (NYSE:RITM) last announced its quarterly earnings data on Wednesday, February 7th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.16. Rithm Capital had a net margin of 17.15% and a return on equity of 18.49%. The business had revenue of $709.47 million during the quarter, compared to analyst estimates of $887.04 million. During the same period last year, the firm posted $0.33 EPS. On average, equities analysts expect that Rithm Capital Corp. will post 1.69 earnings per share for the current fiscal year.

Rithm Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Monday, April 1st will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, March 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.98%. Rithm Capital’s dividend payout ratio is currently 90.91%.

Wall Street Analyst Weigh In

RITM has been the subject of several analyst reports. JMP Securities reissued a “market outperform” rating and issued a $11.00 target price on shares of Rithm Capital in a report on Thursday, April 18th. Jonestrading increased their target price on shares of Rithm Capital from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. B. Riley increased their target price on shares of Rithm Capital from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Argus increased their target price on shares of Rithm Capital from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $12.00 target price on shares of Rithm Capital in a report on Monday, April 1st. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, Rithm Capital currently has an average rating of “Buy” and an average price target of $12.00.

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.