Rithm Capital Corp. (NYSE:RITM) Shares Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. raised its position in Rithm Capital Corp. (NYSE:RITM) by 32.0% in the 1st quarter, Holdings Channel.com reports. The fund owned 77,842 shares of the real estate investment trust’s stock after acquiring an additional 18,861 shares during the quarter. Fox Run Management L.L.C.’s holdings in Rithm Capital were worth $891,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. SouthState Corp acquired a new stake in Rithm Capital in the first quarter valued at approximately $25,000. Fourth Dimension Wealth LLC lifted its stake in shares of Rithm Capital by 50.0% during the first quarter. Fourth Dimension Wealth LLC now owns 3,000 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 1,000 shares during the period. Quarry LP lifted its stake in shares of Rithm Capital by 47.5% during the fourth quarter. Quarry LP now owns 4,118 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 1,327 shares during the period. Quent Capital LLC lifted its stake in shares of Rithm Capital by 58.6% during the first quarter. Quent Capital LLC now owns 5,465 shares of the real estate investment trust’s stock worth $63,000 after buying an additional 2,019 shares during the period. Finally, CWM LLC lifted its stake in shares of Rithm Capital by 25.5% during the first quarter. CWM LLC now owns 6,046 shares of the real estate investment trust’s stock worth $69,000 after buying an additional 1,228 shares during the period. 44.92% of the stock is currently owned by institutional investors and hedge funds.

Rithm Capital Trading Down 0.6%

NYSE RITM opened at $12.29 on Friday. The company has a market capitalization of $6.52 billion, a PE ratio of 9.45 and a beta of 1.25. The company has a fifty day moving average of $11.78 and a 200 day moving average of $11.45. Rithm Capital Corp. has a 1 year low of $9.13 and a 1 year high of $12.59. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.40 and a quick ratio of 0.40.

Rithm Capital (NYSE:RITM) last posted its earnings results on Monday, July 28th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. Rithm Capital had a net margin of 16.72% and a return on equity of 18.89%. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.18 billion. Research analysts forecast that Rithm Capital Corp. will post 1.93 earnings per share for the current year.

Rithm Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 30th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.00 dividend on an annualized basis and a yield of 8.1%. Rithm Capital’s payout ratio is presently 76.92%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on RITM. Wedbush reiterated an “outperform” rating and set a $14.00 price objective on shares of Rithm Capital in a research note on Wednesday, August 6th. Royal Bank Of Canada lifted their price objective on shares of Rithm Capital from $13.00 to $14.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. BTIG Research reiterated a “buy” rating and set a $16.00 price objective on shares of Rithm Capital in a research note on Friday, April 25th. UBS Group reiterated a “buy” rating and set a $14.00 price objective (up from $13.00) on shares of Rithm Capital in a research note on Tuesday, July 15th. Finally, Piper Sandler upgraded shares of Rithm Capital from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $12.50 to $14.00 in a research report on Monday, April 28th. Eight equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Rithm Capital has an average rating of “Buy” and a consensus price target of $14.00.

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.