Xponance Inc. Buys 3,225 Shares of Rithm Capital Corp. (NYSE:RITM)

Xponance Inc. grew its position in shares of Rithm Capital Corp. (NYSE:RITM) by 10.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,145 shares of the real estate investment trust’s stock after buying an additional 3,225 shares during the quarter. Xponance Inc.’s holdings in Rithm Capital were worth $381,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Truvestments Capital LLC purchased a new position in Rithm Capital in the third quarter worth about $43,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Rithm Capital in the third quarter worth approximately $43,000. Householder Group Estate & Retirement Specialist LLC grew its position in Rithm Capital by 86.7% during the fourth 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 buying an additional 2,062 shares during the period. FNY Investment Advisers LLC increased its holdings in Rithm Capital by 8,600.0% during the fourth quarter. FNY Investment Advisers LLC now owns 8,700 shares of the real estate investment trust’s stock valued at $94,000 after buying an additional 8,600 shares during the last quarter. Finally, Perigon Wealth Management LLC bought a new position in Rithm Capital in the fourth quarter worth approximately $120,000. 44.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

RITM has been the subject of several analyst reports. B. Riley upgraded Rithm Capital to a “strong-buy” rating in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods upped their price target on Rithm Capital from $13.00 to $13.50 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Piper Sandler lifted their price objective on Rithm Capital from $11.50 to $12.50 and gave the company a “neutral” rating in a research report on Friday, February 7th. Finally, JMP Securities reissued a “market outperform” rating and issued a $12.50 target price on shares of Rithm Capital in a report on Thursday, January 23rd. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $13.25.

Rithm Capital Stock Down 0.0 %

Shares of RITM opened at $11.68 on Thursday. Rithm Capital Corp. has a 12-month low of $10.38 and a 12-month high of $12.20. The company has a current ratio of 1.09, a quick ratio of 1.35 and a debt-to-equity ratio of 1.74. The company has a market capitalization of $6.08 billion, a PE ratio of 6.99 and a beta of 1.83. The business’s 50 day moving average is $11.67 and its 200 day moving average is $11.23.

Rithm Capital (NYSE:RITM) last issued 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 net margin of 17.79% and a return on equity of 18.15%. Research analysts expect 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 will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.57%. Rithm Capital’s payout ratio 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.