Seelaus Asset Management LLC Has $420,000 Holdings in Rithm Capital Corp. (NYSE:RITM)

Seelaus Asset Management LLC boosted its holdings in shares of Rithm Capital Corp. (NYSE:RITM) by 6.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,979 shares of the real estate investment trust’s stock after purchasing an additional 2,377 shares during the period. Seelaus Asset Management LLC’s holdings in Rithm Capital were worth $420,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Long Pond Capital LP bought a new position in Rithm Capital in the 1st quarter worth approximately $53,025,000. Seven Grand Managers LLC acquired a new stake in shares of Rithm Capital in the 3rd quarter valued at $11,918,000. Vanguard Group Inc. lifted its stake in shares of Rithm Capital by 0.8% during the first quarter. Vanguard Group Inc. now owns 45,815,852 shares of the real estate investment trust’s stock valued at $511,305,000 after acquiring an additional 378,931 shares during the period. SG Americas Securities LLC bought a new position in Rithm Capital in the third quarter valued at about $4,112,000. Finally, Sei Investments Co. raised its holdings in Rithm Capital by 725.7% during the 1st quarter. Sei Investments Co. now owns 395,384 shares of the real estate investment trust’s stock worth $4,412,000 after purchasing an additional 347,499 shares during the last quarter. Institutional investors and hedge funds own 44.92% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on RITM shares. Royal Bank of Canada reiterated an “outperform” rating and set a $13.00 price target on shares of Rithm Capital in a research report on Tuesday, August 13th. Wedbush reaffirmed an “outperform” rating and set a $14.00 target price on shares of Rithm Capital in a report on Thursday, November 7th. Finally, JMP Securities increased their price target on Rithm Capital from $11.00 to $12.50 and gave the company a “market outperform” rating in a research note on Friday, July 19th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Rithm Capital has an average rating of “Moderate Buy” and an average price target of $12.78.

Rithm Capital Stock Performance

Shares of RITM stock opened at $10.73 on Friday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.35 and a current ratio of 1.35. Rithm Capital Corp. has a 52 week low of $9.94 and a 52 week high of $12.02. The company’s 50 day moving average price is $10.99 and its two-hundred day moving average price is $11.15. The company has a market capitalization of $5.58 billion, a P/E ratio of 10.84 and a beta of 1.80.

Rithm Capital (NYSE:RITM) last issued its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.12. The business had revenue of $619.51 million for the quarter, compared to analyst estimates of $1.11 billion. Rithm Capital had a net margin of 14.99% and a return on equity of 17.54%. During the same period last year, the business posted $0.58 earnings per share. On average, analysts expect that Rithm Capital Corp. will post 1.89 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, November 1st. Stockholders of record on Tuesday, October 1st were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, October 1st. This represents a $1.00 annualized dividend and a dividend yield of 9.32%. Rithm Capital’s dividend payout ratio is currently 101.01%.

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.