Seelaus Asset Management LLC Has $444,000 Holdings in Rithm Capital Corp. (NYSE:RITM)

Seelaus Asset Management LLC lifted its stake in shares of Rithm Capital Corp. (NYSE:RITM) by 10.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 40,968 shares of the real estate investment trust’s stock after acquiring an additional 3,989 shares during the period. Seelaus Asset Management LLC’s holdings in Rithm Capital were worth $444,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Charles Schwab Investment Management Inc. boosted its position in shares of Rithm Capital by 7.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,364,962 shares of the real estate investment trust’s stock worth $60,892,000 after purchasing an additional 366,600 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Rithm Capital by 119.1% in the third quarter. JPMorgan Chase & Co. now owns 4,608,008 shares of the real estate investment trust’s stock valued at $52,301,000 after acquiring an additional 2,504,529 shares during the period. Van ECK Associates Corp increased its holdings in shares of Rithm Capital by 20.7% during the third quarter. Van ECK Associates Corp now owns 2,004,057 shares of the real estate investment trust’s stock valued at $21,163,000 after acquiring an additional 343,678 shares in the last quarter. Neo Ivy Capital Management bought a new position in shares of Rithm Capital in the 3rd quarter worth $1,476,000. Finally, EMC Capital Management increased its stake in Rithm Capital by 1,349.0% during the 4th quarter. EMC Capital Management now owns 35,371 shares of the real estate investment trust’s stock valued at $383,000 after purchasing an additional 32,930 shares in the last quarter. 44.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of Rithm Capital from $13.00 to $13.50 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. JMP Securities reaffirmed a “market outperform” rating and set a $12.50 target price on shares of Rithm Capital in a research report on Thursday, January 23rd. B. Riley raised Rithm Capital to a “strong-buy” rating in a research report on Tuesday, January 7th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $13.00 price objective on shares of Rithm Capital in a report on Thursday, November 21st. Finally, Piper Sandler increased 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. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Rithm Capital currently has an average rating of “Buy” and a consensus price target of $12.94.

Rithm Capital Stock Down 0.6 %

Rithm Capital stock opened at $11.84 on Friday. 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 company has a market capitalization of $6.15 billion, a P/E ratio of 7.09 and a beta of 1.79. The firm has a 50 day moving average price of $11.15 and a 200-day moving average price of $11.14. Rithm Capital Corp. has a twelve month low of $10.06 and a twelve month high of $12.02.

Rithm Capital (NYSE:RITM) last issued its earnings results on Thursday, February 6th. The real estate investment trust reported $0.60 earnings per share 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 18.46%. As a group, equities analysts predict that Rithm Capital Corp. will post 1.92 EPS for the current year.

Rithm Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.00 annualized dividend and a dividend yield of 8.45%. Rithm Capital’s dividend payout ratio is currently 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.