Fort Sheridan Advisors LLC Buys 102,266 Shares of Rithm Capital Corp. (NYSE:RITM)

Fort Sheridan Advisors LLC lifted its stake in shares of Rithm Capital Corp. (NYSE:RITM) by 44.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 331,243 shares of the real estate investment trust’s stock after buying an additional 102,266 shares during the quarter. Fort Sheridan Advisors LLC owned about 0.06% of Rithm Capital worth $3,587,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in Rithm Capital by 119.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,608,008 shares of the real estate investment trust’s stock worth $52,301,000 after purchasing an additional 2,504,529 shares during the last quarter. Azora Capital LP lifted its holdings in shares of Rithm Capital by 107.6% during the third quarter. Azora Capital LP now owns 4,383,821 shares of the real estate investment trust’s stock worth $49,756,000 after buying an additional 2,271,671 shares in the last quarter. Soros Fund Management LLC bought a new stake in shares of Rithm Capital in the third quarter valued at about $23,835,000. Maven Securities LTD bought a new stake in shares of Rithm Capital in the third quarter valued at about $11,350,000. Finally, Wellington Management Group LLP grew its stake in shares of Rithm Capital by 37.8% in the third quarter. Wellington Management Group LLP now owns 3,567,917 shares of the real estate investment trust’s stock valued at $40,496,000 after acquiring an additional 978,954 shares in the last quarter. Institutional investors own 44.92% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on RITM shares. Wedbush reissued an “outperform” rating and issued a $14.00 price objective on shares of Rithm Capital in a report on Thursday, November 7th. JMP Securities reaffirmed a “market outperform” rating and issued a $12.50 price objective on shares of Rithm Capital in a report on Thursday, January 23rd. Piper Sandler increased their target price on Rithm Capital from $11.50 to $12.50 and gave the stock a “neutral” rating in a report on Friday, February 7th. Royal Bank of Canada restated an “outperform” rating and issued a $13.00 price target on shares of Rithm Capital in a research report on Thursday, November 21st. Finally, B. Riley raised shares of Rithm Capital to a “strong-buy” rating in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Rithm Capital presently has a consensus rating of “Buy” and a consensus price target of $13.07.

Rithm Capital Stock Up 0.4 %

Shares of NYSE:RITM opened at $12.07 on Friday. The business’s 50 day moving average is $11.36 and its 200 day moving average is $11.20. Rithm Capital Corp. has a 12-month low of $10.38 and a 12-month high of $12.18. The stock has a market cap of $6.28 billion, a price-to-earnings ratio of 7.22 and a beta of 1.79. The company has a quick ratio of 1.35, a current ratio of 1.09 and a debt-to-equity ratio of 1.74.

Rithm Capital (NYSE:RITM) last announced 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 return on equity of 18.15% and a net margin of 17.79%. On average, sell-side analysts forecast that Rithm Capital Corp. will post 1.93 earnings per share for the current fiscal year.

Rithm Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 8.29%. The ex-dividend date was Tuesday, December 31st. Rithm Capital’s dividend payout ratio (DPR) is 59.88%.

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.