Rithm Capital Corp. (NYSE:RITM) Shares Purchased by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC grew its position in shares of Rithm Capital Corp. (NYSE:RITM) by 11.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,643 shares of the real estate investment trust’s stock after purchasing an additional 6,393 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Rithm Capital were worth $661,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Long Pond Capital LP acquired a new stake in Rithm Capital during the first quarter worth approximately $53,025,000. MGO One Seven LLC boosted its holdings in shares of Rithm Capital by 4,525.1% during the fourth quarter. MGO One Seven LLC now owns 768,511 shares of the real estate investment trust’s stock worth $8,208,000 after purchasing an additional 751,895 shares during the last quarter. Allianz Asset Management GmbH grew its position in shares of Rithm Capital by 107.7% in the fourth quarter. Allianz Asset Management GmbH now owns 1,171,379 shares of the real estate investment trust’s stock valued at $12,510,000 after purchasing an additional 607,413 shares during the period. Vanguard Group Inc. increased its stake in Rithm Capital by 0.8% in 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 purchasing an additional 378,931 shares during the last quarter. Finally, Cibc World Markets Corp lifted its position in Rithm Capital by 69.1% during the fourth quarter. Cibc World Markets Corp now owns 872,758 shares of the real estate investment trust’s stock worth $9,321,000 after buying an additional 356,758 shares during the period. 44.92% of the stock is currently owned by hedge funds and other institutional investors.

Rithm Capital Stock Performance

Shares of RITM stock opened at $11.22 on Thursday. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.81. The company has a market cap of $5.42 billion, a PE ratio of 7.48 and a beta of 1.80. The company’s fifty day simple moving average is $11.50 and its 200-day simple moving average is $11.21. Rithm Capital Corp. has a 52 week low of $8.87 and a 52 week high of $12.02.

Rithm Capital (NYSE:RITM) last released its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.47 EPS for the quarter, beating the consensus estimate of $0.42 by $0.05. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.15 billion. Rithm Capital had a return on equity of 18.04% and a net margin of 15.55%. The firm’s revenue was up 18.4% compared to the same quarter last year. During the same period last year, the company posted $0.62 earnings per share. As a group, equities research analysts anticipate that Rithm Capital Corp. will post 1.82 EPS for the current year.

Rithm Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 1st will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 8.92%. The ex-dividend date of this dividend is Tuesday, October 1st. Rithm Capital’s dividend payout ratio (DPR) is presently 66.67%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on RITM shares. JMP Securities upped their price objective on shares of Rithm Capital from $11.00 to $12.50 and gave the company a “market outperform” rating in a research note on Friday, July 19th. Wedbush reaffirmed an “outperform” rating and set a $13.00 price target on shares of Rithm Capital in a research report on Friday, August 16th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $13.00 price target on shares of Rithm Capital in a report on Tuesday, August 13th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Rithm Capital currently has an average rating of “Moderate Buy” and a consensus price target of $12.60.

About Rithm Capital

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.