1 week Ago By ABMN Staff
JPMorgan Chase & Co. reduced its position in Rithm Capital Corp. ( NYSE:RITM – Free Report ) by 61.
6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,768,294 shares of the real estate investment trust’s stock after selling 2,839,714 shares during the period. JPMorgan Chase & Co.
’s holdings in Rithm Capital were worth $19,151,000 at the end of the most recent reporting period. A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP increased its position in Rithm Capital by 37.
8% in the third quarter. Wellington Management Group LLP now owns 3,567,917 shares of the real estate investment trust’s stock worth $40,496,000 after purchasing an additional 978,954 shares during the period. Raymond James Financial Inc.
acquired a new stake in shares of Rithm Capital during the 4th quarter worth approximately $7,572,000. Geode Capital Management LLC raised its stake in shares of Rithm Capital by 7.8% during the third quarter.
Geode Capital Management LLC now owns 8,415,057 shares of the real estate investment trust’s stock worth $95,537,000 after buying an additional 610,698 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Rithm Capital by 78.8% during the fourth quarter.
SG Americas Securities LLC now owns 647,970 shares of the real estate investment trust’s stock worth $7,018,000 after buying an additional 285,668 shares during the last quarter. Finally, Angel Oak Capital Advisors LLC acquired a new position in Rithm Capital in the fourth quarter valued at approximately $3,074,000. Institutional investors own 44.
92% of the company’s stock. Rithm Capital Trading Down 7.7 % RITM opened at $9.
57 on Friday. The firm’s fifty day simple moving average is $11.51 and its 200 day simple moving average is $11.
14. Rithm Capital Corp. has a 12 month low of $9.
13 and a 12 month high of $12.20. The stock has a market capitalization of $4.
98 billion, a P/E ratio of 5.73 and a beta of 1.36.
The company has a current ratio of 1.09, a quick ratio of 1.35 and a debt-to-equity ratio of 1.
74. Rithm Capital Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be paid a $0.
25 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.
00 annualized dividend and a dividend yield of 10.45%. Rithm Capital’s dividend payout ratio is presently 59.
88%. Analysts Set New Price Targets Several analysts have commented on RITM shares. B.
Riley upgraded shares of Rithm Capital to a “strong-buy” rating in a research report on Tuesday, January 7th. Wedbush reissued an “outperform” rating and set a $14.00 price target on shares of Rithm Capital in a research report on Friday, March 28th.
Piper Sandler boosted their price target on shares of Rithm Capital from $11.50 to $12.50 and gave the company a “neutral” rating in a report on Friday, February 7th.
Finally, JMP Securities reiterated a “market outperform” rating and set a $12.50 target price on shares of Rithm Capital in a report on Thursday, January 23rd. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock.
Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $13.25. View Our Latest Stock Report on Rithm Capital Rithm Capital Profile ( Free Report ) 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.
See Also Want to see what other hedge funds are holding RITM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rithm Capital Corp. ( NYSE:RITM – Free Report ).
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