Jones Financial Companies Lllp Cuts Holdings in Rithm Capital Corp. (NYSE:RITM)

Jones Financial Companies Lllp trimmed its holdings in shares of Rithm Capital Corp. (NYSE:RITM) by 13.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 6,461 shares of the real estate investment trust’s stock after selling 980 shares during the quarter. Jones Financial Companies Lllp’s holdings in Rithm Capital were worth $70,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of RITM. Truvestments Capital LLC bought a new position in Rithm Capital in the 3rd quarter worth $43,000. Wilmington Savings Fund Society FSB bought a new stake in Rithm Capital during the third quarter valued at about $43,000. Householder Group Estate & Retirement Specialist LLC increased its holdings in shares of Rithm Capital by 86.7% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 4,439 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 2,062 shares during the last quarter. FNY Investment Advisers LLC increased its holdings in shares of Rithm Capital by 8,600.0% in the fourth quarter. FNY Investment Advisers LLC now owns 8,700 shares of the real estate investment trust’s stock worth $94,000 after purchasing an additional 8,600 shares during the last quarter. Finally, Periscope Capital Inc. purchased a new position in Rithm Capital in the third quarter worth about $114,000. 44.92% of the stock is currently owned by hedge funds and other institutional investors.

Rithm Capital Price Performance

NYSE:RITM opened at $11.79 on Tuesday. The firm’s fifty day moving average is $11.56 and its two-hundred day moving average is $11.23. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.35 and a current ratio of 1.09. Rithm Capital Corp. has a one year low of $10.38 and a one year high of $12.20. The firm has a market cap of $6.14 billion, a price-to-earnings ratio of 7.06 and a beta of 1.83.

Rithm Capital (NYSE:RITM) last posted its earnings results on Thursday, February 6th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.16. Rithm Capital had a net margin of 17.79% and a return on equity of 18.15%. Research analysts expect that Rithm Capital Corp. will post 1.93 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on RITM shares. Keefe, Bruyette & Woods lifted their price target on Rithm Capital from $13.00 to $13.50 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. B. Riley raised shares of Rithm Capital to a “strong-buy” rating in a research note on Tuesday, January 7th. Piper Sandler boosted their price objective on shares of Rithm Capital from $11.50 to $12.50 and gave the stock a “neutral” rating in a research note on Friday, February 7th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $13.00 price target on shares of Rithm Capital in a research report on Thursday, November 21st. Finally, JMP Securities reissued a “market outperform” rating and set a $12.50 price objective on shares of Rithm Capital in a report on Thursday, January 23rd. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $13.25.

Rithm Capital 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.