Rithm Capital Corp. (NYSE:RITM) Shares Bought by Bank of Montreal Can

Bank of Montreal Can increased its position in Rithm Capital Corp. (NYSE:RITM) by 31.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,379 shares of the real estate investment trust’s stock after buying an additional 6,328 shares during the period. Bank of Montreal Can’s holdings in Rithm Capital were worth $286,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new position in Rithm Capital during the third quarter worth about $43,000. Householder Group Estate & Retirement Specialist LLC lifted its holdings in shares of Rithm Capital by 86.7% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 4,439 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 2,062 shares during the period. Quadrant Capital Group LLC boosted its position in shares of Rithm Capital by 35.2% in the fourth quarter. Quadrant Capital Group LLC now owns 4,655 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 1,211 shares during the last quarter. C M Bidwell & Associates Ltd. purchased a new stake in Rithm Capital in the fourth quarter valued at approximately $81,000. Finally, FNY Investment Advisers LLC increased its position in Rithm Capital by 8,600.0% during 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. Hedge funds and other institutional investors own 44.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Piper Sandler upped their price objective on Rithm Capital from $11.50 to $12.50 and gave the stock a “neutral” rating in a report on Friday, February 7th. B. Riley upgraded Rithm Capital to a “strong-buy” rating in a report on Tuesday, January 7th. JMP Securities reiterated a “market outperform” rating and set a $12.50 target price on shares of Rithm Capital in a report on Thursday, January 23rd. UBS Group cut their price target on shares of Rithm Capital from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, April 16th. Finally, Wedbush reissued an “outperform” rating and issued a $14.00 price objective on shares of Rithm Capital in a research report on Friday, March 28th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $13.21.

Rithm Capital Trading Up 0.6 %

NYSE:RITM opened at $10.39 on Friday. The firm has a market capitalization of $5.51 billion, a P/E ratio of 6.22 and a beta of 1.36. The business has a 50 day simple moving average of $11.20 and a 200 day simple moving average of $11.08. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.09 and a quick ratio of 1.35. Rithm Capital Corp. has a 12-month low of $9.13 and a 12-month high of $12.20.

Rithm Capital (NYSE:RITM) last released its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $0.60 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%. Equities research analysts predict that Rithm Capital Corp. will post 1.93 EPS for the current year.

Rithm Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.62%. The ex-dividend date of this dividend is Monday, March 31st. Rithm Capital’s dividend payout ratio (DPR) is 59.88%.

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.