Deutsche Bank AG Sells 4,415 Shares of Rithm Capital Corp. (NYSE:RITM)

Deutsche Bank AG lowered its stake in shares of Rithm Capital Corp. (NYSE:RITM) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,057 shares of the real estate investment trust’s stock after selling 4,415 shares during the quarter. Deutsche Bank AG’s holdings in Rithm Capital were worth $1,127,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. D. E. Shaw & Co. Inc. grew its stake in shares of Rithm Capital by 18.0% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,215,667 shares of the real estate investment trust’s stock worth $13,166,000 after acquiring an additional 185,476 shares in the last quarter. Corton Capital Inc. purchased a new position in Rithm Capital during the fourth quarter worth about $165,000. Crestline Management LP boosted its holdings in Rithm Capital by 53.1% during the fourth quarter. Crestline Management LP now owns 55,230 shares of the real estate investment trust’s stock worth $598,000 after purchasing an additional 19,149 shares during the last quarter. Cetera Investment Advisers grew its position in Rithm Capital by 3.7% in the 4th quarter. Cetera Investment Advisers now owns 277,531 shares of the real estate investment trust’s stock worth $3,006,000 after purchasing an additional 9,936 shares in the last quarter. Finally, Cary Street Partners Financial LLC purchased a new stake in Rithm Capital in the 4th quarter valued at about $239,000. 44.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on RITM shares. Jones Trading restated a “buy” rating and issued a $12.50 target price on shares of Rithm Capital in a research note on Tuesday, April 29th. UBS Group cut their price objective on Rithm Capital from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. BTIG Research reaffirmed a “buy” rating and set a $16.00 target price on shares of Rithm Capital in a research report on Friday, April 25th. Royal Bank of Canada reiterated an “outperform” rating and set a $13.00 target price on shares of Rithm Capital in a research note on Tuesday, May 20th. Finally, Piper Sandler upgraded shares of Rithm Capital from a “neutral” rating to an “overweight” rating and increased their price target for the company from $12.50 to $14.00 in a research report on Monday, April 28th. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $13.56.

Rithm Capital Trading Down 0.3%

Shares of Rithm Capital stock opened at $11.13 on Monday. The stock has a market capitalization of $5.90 billion, a P/E ratio of 6.67 and a beta of 1.32. Rithm Capital Corp. has a 52-week low of $9.13 and a 52-week high of $12.20. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.35 and a current ratio of 1.09. The stock’s 50-day simple moving average is $10.96 and its 200 day simple moving average is $11.18.

Rithm Capital (NYSE:RITM) last posted its quarterly earnings results on Friday, April 25th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.07. The company had revenue of $28.89 million for the quarter, compared to analyst estimates of $1.27 billion. Rithm Capital had a net margin of 17.79% and a return on equity of 18.15%. During the same quarter in the previous year, the firm posted $0.48 earnings per share. As a group, research analysts anticipate that Rithm Capital Corp. will post 1.93 EPS for the current year.

Rithm Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were given a dividend of $0.25 per share. The ex-dividend date was Monday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 8.98%. Rithm Capital’s dividend payout ratio is currently 83.33%.

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.