XTX Topco Ltd Invests $268,000 in Rithm Capital Corp. (NYSE:RITM)

XTX Topco Ltd bought a new position in Rithm Capital Corp. (NYSE:RITM) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 23,401 shares of the real estate investment trust’s stock, valued at approximately $268,000.

Several other hedge funds and other institutional investors also recently modified their holdings of RITM. Fourth Dimension Wealth LLC increased its position in shares of Rithm Capital by 50.0% in the 1st quarter. Fourth Dimension Wealth LLC now owns 3,000 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 1,000 shares during the last quarter. Quarry LP increased its position in shares of Rithm Capital by 47.5% in the 4th quarter. Quarry LP now owns 4,118 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 1,327 shares during the last quarter. Quent Capital LLC grew its position in shares of Rithm Capital by 58.6% during the 1st quarter. Quent Capital LLC now owns 5,465 shares of the real estate investment trust’s stock valued at $63,000 after buying an additional 2,019 shares during the last quarter. CWM LLC grew its position in shares of Rithm Capital by 25.5% during the 1st quarter. CWM LLC now owns 6,046 shares of the real estate investment trust’s stock valued at $69,000 after buying an additional 1,228 shares during the last quarter. Finally, Rossby Financial LCC bought a new stake in shares of Rithm Capital during the 1st quarter valued at about $79,000. Institutional investors own 44.92% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. BTIG Research reissued a “buy” rating and set a $16.00 target price on shares of Rithm Capital in a research note on Friday, April 25th. Wedbush reissued an “outperform” rating and set a $14.00 target price on shares of Rithm Capital in a research note on Wednesday, August 6th. Royal Bank Of Canada increased their target price on shares of Rithm Capital from $13.00 to $14.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. Keefe, Bruyette & Woods increased their price objective on Rithm Capital from $13.50 to $14.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 29th. Finally, Piper Sandler upgraded shares of Rithm Capital from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $12.50 to $14.00 in a report on Monday, April 28th. Eight investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $14.00.

Rithm Capital Price Performance

Shares of RITM opened at $12.26 on Tuesday. The firm’s 50 day moving average price is $11.70 and its 200 day moving average price is $11.43. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.40 and a current ratio of 0.40. Rithm Capital Corp. has a twelve month low of $9.13 and a twelve month high of $12.59. The firm has a market cap of $6.50 billion, a PE ratio of 9.43 and a beta of 1.25.

Rithm Capital (NYSE:RITM) last issued its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.03. Rithm Capital had a net margin of 16.72% and a return on equity of 18.89%. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.18 billion. As a group, research analysts expect that Rithm Capital Corp. will post 1.93 EPS for the current fiscal year.

Rithm Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 30th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 8.2%. The ex-dividend date of this dividend was Monday, June 30th. Rithm Capital’s payout ratio is 76.92%.

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.