XTX Topco Ltd Purchases Shares of 23,401 Rithm Capital Corp. (NYSE:RITM)

XTX Topco Ltd bought a new stake in Rithm Capital Corp. (NYSE:RITM) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 23,401 shares of the real estate investment trust’s stock, valued at approximately $268,000.

Several other institutional investors and hedge funds also recently made changes to their positions in RITM. Fourth Dimension Wealth LLC lifted its position in Rithm Capital by 50.0% during the 1st quarter. Fourth Dimension Wealth LLC now owns 3,000 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 1,000 shares in the last quarter. Quarry LP lifted its position in Rithm Capital by 47.5% during the 4th quarter. Quarry LP now owns 4,118 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 1,327 shares during the period. Quent Capital LLC lifted its position in Rithm Capital by 58.6% during the 1st quarter. Quent Capital LLC now owns 5,465 shares of the real estate investment trust’s stock valued at $63,000 after purchasing an additional 2,019 shares during the period. CWM LLC lifted its position in Rithm Capital by 25.5% during the 1st quarter. CWM LLC now owns 6,046 shares of the real estate investment trust’s stock valued at $69,000 after purchasing an additional 1,228 shares during the period. Finally, Rossby Financial LCC acquired a new position in Rithm Capital during the 1st quarter valued at about $79,000. Institutional investors and hedge funds own 44.92% of the company’s stock.

Rithm Capital Price Performance

NYSE RITM opened at $12.26 on Tuesday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.40 and a current ratio of 0.40. The stock has a market cap of $6.50 billion, a price-to-earnings ratio of 9.43 and a beta of 1.25. The business has a 50 day simple moving average of $11.70 and a 200 day simple moving average of $11.43. Rithm Capital Corp. has a 52-week low of $9.13 and a 52-week high of $12.59.

Rithm Capital (NYSE:RITM) last announced its earnings results on Monday, July 28th. The real estate investment trust reported $0.54 EPS for the quarter, topping the consensus estimate of $0.51 by $0.03. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.18 billion. Rithm Capital had a net margin of 16.72% and a return on equity of 18.89%. Analysts anticipate that Rithm Capital Corp. will post 1.93 earnings per share for the current fiscal year.

Rithm Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 30th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 8.2%. The ex-dividend date was Monday, June 30th. Rithm Capital’s dividend payout ratio (DPR) is 76.92%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on RITM shares. Piper Sandler upgraded shares of Rithm Capital from a “neutral” rating to an “overweight” rating and upped their target price for the company from $12.50 to $14.00 in a research report on Monday, April 28th. UBS Group restated a “buy” rating and set a $14.00 target price (up from $13.00) on shares of Rithm Capital in a research report on Tuesday, July 15th. Keefe, Bruyette & Woods increased their price target on shares of Rithm Capital from $13.50 to $14.00 and gave the company an “outperform” rating in a research report on Tuesday, July 29th. Royal Bank Of Canada increased their price target on shares of Rithm Capital from $13.00 to $14.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Finally, Wedbush reiterated an “outperform” rating and issued a $14.00 price target on shares of Rithm Capital in a research report on Wednesday, August 6th. Eight investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $14.00.

About Rithm Capital

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.