Quadrant Capital Group LLC Buys 1,211 Shares of Rithm Capital Corp. (NYSE:RITM)

Quadrant Capital Group LLC lifted its stake in shares of Rithm Capital Corp. (NYSE:RITM) by 35.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,655 shares of the real estate investment trust’s stock after purchasing an additional 1,211 shares during the quarter. Quadrant Capital Group LLC’s holdings in Rithm Capital were worth $50,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new stake in Rithm Capital in the third quarter valued at approximately $43,000. Householder Group Estate & Retirement Specialist LLC increased its stake in Rithm Capital by 86.7% during 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 purchasing an additional 2,062 shares in the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in shares of Rithm Capital in the 4th quarter worth about $81,000. FNY Investment Advisers LLC lifted its holdings 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 valued at $94,000 after purchasing an additional 8,600 shares in the last quarter. Finally, Whittier Trust Co. boosted its holdings in Rithm Capital by 1,860.7% during the 4th quarter. Whittier Trust Co. now owns 10,274 shares of the real estate investment trust’s stock worth $111,000 after acquiring an additional 9,750 shares during the last quarter. 44.92% of the stock is currently owned by institutional investors and hedge funds.

Rithm Capital Price Performance

NYSE RITM opened at $9.74 on Friday. The company has a market cap of $5.07 billion, a PE ratio of 5.83 and a beta of 1.36. The company has a quick ratio of 1.35, a current ratio of 1.09 and a debt-to-equity ratio of 1.74. The firm’s 50-day simple moving average is $11.51 and its two-hundred day simple moving average is $11.14. Rithm Capital Corp. has a 52 week low of $9.13 and a 52 week high of $12.20.

Rithm Capital (NYSE:RITM) last announced its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $0.60 EPS for the quarter, beating 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%. Research analysts predict that Rithm Capital Corp. will post 1.93 earnings per share for the current year.

Rithm Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 10.26%. The ex-dividend date of this dividend is Monday, March 31st. Rithm Capital’s payout ratio is presently 59.88%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on RITM. B. Riley raised Rithm Capital to a “strong-buy” rating in a research report on Tuesday, January 7th. Piper Sandler raised their price objective 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. JMP Securities reaffirmed a “market outperform” rating and issued a $12.50 price objective on shares of Rithm Capital in a research report on Thursday, January 23rd. Finally, Wedbush reissued an “outperform” rating and set a $14.00 target price on shares of Rithm Capital in a research report on Friday, March 28th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $13.25.

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.