Handelsbanken Fonder AB Boosts Holdings in Rithm Capital Corp. (NYSE:RITM)

Handelsbanken Fonder AB grew its holdings in shares of Rithm Capital Corp. (NYSE:RITM) by 16.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 143,994 shares of the real estate investment trust’s stock after acquiring an additional 20,800 shares during the quarter. Handelsbanken Fonder AB’s holdings in Rithm Capital were worth $1,559,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in RITM. Truvestments Capital LLC purchased a new position in shares of Rithm Capital in the third quarter worth $43,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Rithm Capital in the third quarter worth $43,000. Householder Group Estate & Retirement Specialist LLC increased its stake 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 buying an additional 2,062 shares during the period. Allworth Financial LP increased its stake in shares of Rithm Capital by 281.2% in the third quarter. Allworth Financial LP now owns 8,695 shares of the real estate investment trust’s stock worth $99,000 after buying an additional 6,414 shares during the period. Finally, FNY Investment Advisers LLC increased its stake 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 buying an additional 8,600 shares during the period. 44.92% of the stock is owned by hedge funds and other institutional investors.

Rithm Capital Stock Performance

Shares of Rithm Capital stock opened at $12.03 on Thursday. The stock has a market cap of $6.26 billion, a price-to-earnings ratio of 7.20 and a beta of 1.79. The firm’s 50-day moving average is $11.36 and its 200 day moving average is $11.20. Rithm Capital Corp. has a 1 year low of $10.38 and a 1 year high of $12.10. 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 (NYSE:RITM) last announced its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.16. Rithm Capital had a net margin of 17.79% and a return on equity of 18.15%. Sell-side analysts anticipate that Rithm Capital Corp. will post 1.93 EPS for the current fiscal year.

Rithm Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 8.32%. The ex-dividend date of this dividend was Tuesday, December 31st. Rithm Capital’s dividend payout ratio (DPR) is 59.88%.

Analysts Set New Price Targets

A number of brokerages have issued reports on RITM. Keefe, Bruyette & Woods boosted their price objective on shares of Rithm Capital from $13.00 to $13.50 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. B. Riley upgraded shares of Rithm Capital to a “strong-buy” rating in a report on Tuesday, January 7th. Wedbush restated an “outperform” rating and set a $14.00 target price on shares of Rithm Capital in a report on Thursday, November 7th. Piper Sandler boosted their target price on shares of Rithm Capital from $11.50 to $12.50 and gave the company a “neutral” rating in a report on Friday, February 7th. Finally, JMP Securities restated a “market outperform” rating and set a $12.50 target price on shares of Rithm Capital in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $13.07.

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.