Magnetar Financial LLC Has $629,000 Position in Rithm Capital Corp. (NYSE:RITM)

Magnetar Financial LLC increased its holdings in shares of Rithm Capital Corp. (NYSE:RITM) by 69.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 58,107 shares of the real estate investment trust’s stock after acquiring an additional 23,901 shares during the period. Magnetar Financial LLC’s holdings in Rithm Capital were worth $629,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in RITM. Truvestments Capital LLC bought a new position in Rithm Capital during the 3rd quarter valued at about $43,000. Wilmington Savings Fund Society FSB bought a new position in Rithm Capital during the 3rd quarter valued at about $43,000. Householder Group Estate & Retirement Specialist LLC lifted its holdings 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 during the last quarter. FNY Investment Advisers LLC lifted its holdings in Rithm Capital by 8,600.0% during 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 purchasing an additional 8,600 shares during the last quarter. Finally, Periscope Capital Inc. bought a new position in Rithm Capital during the 3rd quarter valued at about $114,000. 44.92% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Keefe, Bruyette & Woods lifted their price target on shares of Rithm Capital from $13.00 to $13.50 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. JMP Securities reaffirmed a “market outperform” rating and issued a $12.50 target price on shares of Rithm Capital in a research note on Thursday, January 23rd. 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 research note on Friday, February 7th. Finally, B. Riley raised shares of Rithm Capital to a “strong-buy” rating in a research note on Tuesday, January 7th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $13.25.

Rithm Capital Trading Down 2.1 %

RITM opened at $11.59 on Friday. 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 company has a market cap of $6.03 billion, a price-to-earnings ratio of 6.94 and a beta of 1.83. The firm has a 50 day simple moving average of $11.64 and a 200 day simple moving average of $11.23. Rithm Capital Corp. has a fifty-two week low of $10.38 and a fifty-two week high of $12.20.

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

Rithm Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.63%. Rithm Capital’s dividend payout ratio (DPR) is 59.88%.

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.