SG Americas Securities LLC Trims Holdings in Rithm Capital Corp. $RITM

SG Americas Securities LLC decreased its position in shares of Rithm Capital Corp. (NYSE:RITM) by 47.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 871,172 shares of the real estate investment trust’s stock after selling 778,222 shares during the quarter. SG Americas Securities LLC owned 0.16% of Rithm Capital worth $9,496,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Bessemer Group Inc. increased its holdings in Rithm Capital by 658.9% in the 3rd quarter. Bessemer Group Inc. now owns 2,656 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 2,306 shares during the period. Atlantic Union Bankshares Corp acquired a new stake in Rithm Capital during the 3rd quarter valued at approximately $31,000. Mather Group LLC. purchased a new stake in shares of Rithm Capital in the 3rd quarter valued at $33,000. Optimum Investment Advisors boosted its holdings in shares of Rithm Capital by 200.0% in the 3rd quarter. Optimum Investment Advisors now owns 3,000 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new stake in shares of Rithm Capital in the third quarter worth $43,000. Hedge funds and other institutional investors own 44.92% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. UBS Group set a $15.00 target price on shares of Rithm Capital in a report on Friday, February 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Rithm Capital in a report on Monday, December 29th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of Rithm Capital in a research report on Thursday, December 18th. Piper Sandler reiterated an “overweight” rating and set a $15.00 price objective (down from $15.50) on shares of Rithm Capital in a research note on Wednesday, February 4th. Finally, Wedbush assumed coverage on Rithm Capital in a report on Monday, December 15th. They issued an “outperform” rating and a $14.00 price objective for the company. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Rithm Capital presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.50.

Rithm Capital Price Performance

NYSE:RITM opened at $9.15 on Monday. The company has a debt-to-equity ratio of 2.20, a current ratio of 0.58 and a quick ratio of 0.58. The company has a 50 day moving average price of $10.36 and a 200-day moving average price of $10.92. Rithm Capital Corp. has a 1-year low of $8.43 and a 1-year high of $12.74. The firm has a market cap of $5.08 billion, a price-to-earnings ratio of 8.79 and a beta of 1.21.

Rithm Capital (NYSE:RITM) last announced its quarterly earnings results on Tuesday, February 3rd. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.19. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.24 billion. Rithm Capital had a net margin of 15.55% and a return on equity of 19.74%. Equities research analysts forecast that Rithm Capital Corp. will post 1.93 EPS for the current year.

Rithm Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Monday, April 6th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 10.9%. The ex-dividend date of this dividend is Monday, April 6th. Rithm Capital’s dividend payout ratio is presently 96.15%.

Rithm Capital Profile

Rithm Capital Corporation is a specialty finance company that originates, acquires and manages structured credit investments collateralized by real estate assets in the United States. The company focuses primarily on senior floating-rate loans secured by multifamily, commercial, industrial and single-family rental properties, aiming to deliver attractive risk-adjusted yields through a diversified portfolio of floating-rate real estate debt.

In addition to senior loans, Rithm Capital invests in residential mortgage-backed securities, including agency and non-agency pools, as well as other real estate-related credit instruments.