Signaturefd LLC Sells 1,191 Shares of Rithm Capital Corp. (NYSE:RITM)

Signaturefd LLC reduced its position in Rithm Capital Corp. (NYSE:RITM) by 2.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 44,260 shares of the real estate investment trust’s stock after selling 1,191 shares during the quarter. Signaturefd LLC’s holdings in Rithm Capital were worth $479,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Truvestments Capital LLC bought a new position in Rithm Capital in the 3rd quarter valued at about $43,000. Wilmington Savings Fund Society FSB bought a new position in Rithm Capital in the 3rd quarter valued at about $43,000. Householder Group Estate & Retirement Specialist LLC increased its holdings 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 valued at $48,000 after buying an additional 2,062 shares during the period. FNY Investment Advisers LLC increased its holdings in Rithm Capital by 8,600.0% in the 4th quarter. FNY Investment Advisers LLC now owns 8,700 shares of the real estate investment trust’s stock valued at $94,000 after buying an additional 8,600 shares during the period. Finally, Periscope Capital Inc. bought a new stake in shares of Rithm Capital during the 3rd quarter valued at approximately $114,000. 44.92% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on RITM. Royal Bank of Canada reaffirmed an “outperform” rating and set a $13.00 price target on shares of Rithm Capital in a report on Thursday, November 21st. JMP Securities reaffirmed a “market outperform” rating and set a $12.50 price target on shares of Rithm Capital in a report on Thursday, January 23rd. B. Riley raised shares of Rithm Capital to a “strong-buy” rating in a report on Tuesday, January 7th. Keefe, Bruyette & Woods boosted their target price on shares of Rithm Capital from $13.00 to $13.50 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Finally, Piper Sandler boosted their target price on shares of Rithm Capital from $11.50 to $12.50 and gave the stock a “neutral” rating in a report on Friday, February 7th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $13.25.

Rithm Capital Trading Up 0.0 %

RITM opened at $11.83 on Friday. Rithm Capital Corp. has a fifty-two week low of $10.38 and a fifty-two week high of $12.20. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.09 and a quick ratio of 1.35. The firm has a market capitalization of $6.16 billion, a price-to-earnings ratio of 7.08 and a beta of 1.83. The company’s 50 day moving average price is $11.62 and its two-hundred day moving average price is $11.24.

Rithm Capital (NYSE:RITM) last issued 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%. As a group, research analysts predict that Rithm Capital Corp. will post 1.93 earnings per share for the current year.

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.