Founders Financial Alliance LLC Decreases Position in Rithm Capital Corp. (NYSE:RITM)

Founders Financial Alliance LLC lessened its stake in shares of Rithm Capital Corp. (NYSE:RITM) by 1.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 49,961 shares of the real estate investment trust’s stock after selling 926 shares during the quarter. Founders Financial Alliance LLC’s holdings in Rithm Capital were worth $541,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of RITM. SeaCrest Wealth Management LLC boosted its stake in Rithm Capital by 1.0% in the fourth quarter. SeaCrest Wealth Management LLC now owns 94,566 shares of the real estate investment trust’s stock valued at $1,024,000 after acquiring an additional 951 shares in the last quarter. Summit Trail Advisors LLC boosted its position in shares of Rithm Capital by 2.0% in the 4th quarter. Summit Trail Advisors LLC now owns 49,380 shares of the real estate investment trust’s stock valued at $547,000 after purchasing an additional 967 shares during the period. Steward Partners Investment Advisory LLC grew its stake in Rithm Capital by 2.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 35,792 shares of the real estate investment trust’s stock worth $388,000 after buying an additional 1,016 shares during the last quarter. US Bancorp DE increased its position in Rithm Capital by 3.7% during the fourth quarter. US Bancorp DE now owns 32,458 shares of the real estate investment trust’s stock worth $352,000 after buying an additional 1,155 shares during the period. Finally, Apollon Wealth Management LLC lifted its stake in Rithm Capital by 2.3% in the fourth quarter. Apollon Wealth Management LLC now owns 53,856 shares of the real estate investment trust’s stock valued at $583,000 after buying an additional 1,211 shares during the last quarter. Institutional investors and hedge funds own 44.92% of the company’s stock.

Rithm Capital Trading Down 2.6 %

Shares of RITM stock opened at $11.52 on Tuesday. Rithm Capital Corp. has a 1-year low of $10.38 and a 1-year 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 business’s fifty day moving average price is $11.50 and its 200 day moving average price is $11.23. The firm has a market capitalization of $6.00 billion, a PE ratio of 6.90 and a beta of 1.83.

Rithm Capital (NYSE:RITM) last announced its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.60 EPS for the quarter, beating the consensus estimate 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, sell-side analysts forecast that Rithm Capital Corp. will post 1.93 EPS for the current fiscal year.

Rithm Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were issued 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 yield of 8.68%. Rithm Capital’s dividend payout ratio is presently 59.88%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on RITM shares. JMP Securities reaffirmed a “market outperform” rating and issued a $12.50 target price on shares of Rithm Capital in a report on Thursday, January 23rd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $13.00 target price on shares of Rithm Capital in a report on Thursday, November 21st. Piper Sandler raised their price target on Rithm Capital from $11.50 to $12.50 and gave the stock a “neutral” rating in a report on Friday, February 7th. Keefe, Bruyette & Woods increased their price objective on Rithm Capital from $13.00 to $13.50 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Finally, B. Riley upgraded Rithm Capital to a “strong-buy” rating in a research note on Tuesday, January 7th. One equities 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 company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average 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.