SG Americas Securities LLC Boosts Stock Holdings in Rithm Capital Corp. (NYSE:RITM)

SG Americas Securities LLC increased its position in Rithm Capital Corp. (NYSE:RITM) by 78.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 647,970 shares of the real estate investment trust’s stock after purchasing an additional 285,668 shares during the period. SG Americas Securities LLC’s holdings in Rithm Capital were worth $7,018,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Rithm Capital by 154.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,513 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 1,525 shares in the last quarter. Truvestments Capital LLC purchased a new stake in shares of Rithm Capital during the third quarter valued at $43,000. Wilmington Savings Fund Society FSB bought a new stake in Rithm Capital in the 3rd quarter worth about $43,000. Householder Group Estate & Retirement Specialist LLC raised its position in Rithm Capital by 86.7% in 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 buying an additional 2,062 shares during the last quarter. Finally, Godsey & Gibb Inc. bought a new position in Rithm Capital during the 3rd quarter valued at about $51,000. 44.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on RITM shares. Wedbush reissued an “outperform” rating and set a $14.00 price objective on shares of Rithm Capital in a report on Thursday, November 7th. Royal Bank of Canada reissued an “outperform” rating and set a $13.00 price target on shares of Rithm Capital in a report on Thursday, November 21st. Keefe, Bruyette & Woods lifted their price objective on Rithm Capital from $13.00 to $13.50 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. JMP Securities reissued a “market outperform” rating and issued a $12.50 target price on shares of Rithm Capital in a report on Thursday. Finally, B. Riley upgraded Rithm Capital to a “strong-buy” rating in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Rithm Capital has a consensus rating of “Buy” and a consensus target price of $12.94.

Rithm Capital Stock Performance

Shares of RITM opened at $11.32 on Friday. Rithm Capital Corp. has a 52 week low of $9.97 and a 52 week high of $12.02. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.63. The stock has a market cap of $5.88 billion, a price-to-earnings ratio of 11.43 and a beta of 1.79. The business has a 50-day simple moving average of $11.04 and a two-hundred day simple moving average of $11.13.

Rithm Capital (NYSE:RITM) last announced its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.54 EPS for the quarter, beating the consensus estimate of $0.42 by $0.12. The firm had revenue of $619.51 million for the quarter, compared to the consensus estimate of $1.11 billion. Rithm Capital had a net margin of 14.99% and a return on equity of 17.54%. During the same period last year, the firm earned $0.58 EPS. On average, analysts expect that Rithm Capital Corp. will post 1.95 EPS for the current year.

Rithm Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be paid a $0.25 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.00 annualized dividend and a yield of 8.84%. Rithm Capital’s payout ratio is 101.01%.

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.