Sigma Planning Corp Acquires 22,925 Shares of Rithm Capital Corp. (NYSE:RITM)

Sigma Planning Corp raised its holdings in Rithm Capital Corp. (NYSE:RITM) by 30.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 97,586 shares of the real estate investment trust’s stock after purchasing an additional 22,925 shares during the period. Sigma Planning Corp’s holdings in Rithm Capital were worth $1,057,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Truvestments Capital LLC acquired a new stake in shares of Rithm Capital in the third quarter valued at approximately $43,000. Wilmington Savings Fund Society FSB bought a new position in Rithm Capital during the 3rd quarter worth $43,000. Householder Group Estate & Retirement Specialist LLC raised its holdings in Rithm Capital by 86.7% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 4,439 shares of the real estate investment trust’s stock valued at $48,000 after acquiring an additional 2,062 shares in the last quarter. Allworth Financial LP lifted its position in shares of Rithm Capital by 281.2% during the 3rd quarter. Allworth Financial LP now owns 8,695 shares of the real estate investment trust’s stock valued at $99,000 after acquiring an additional 6,414 shares during the period. Finally, FNY Investment Advisers LLC grew its holdings in shares of Rithm Capital by 8,600.0% during the 4th quarter. FNY Investment Advisers LLC now owns 8,700 shares of the real estate investment trust’s stock worth $94,000 after purchasing an additional 8,600 shares in the last quarter. Institutional investors own 44.92% of the company’s stock.

Rithm Capital Price Performance

RITM stock opened at $11.86 on Tuesday. The stock has a market cap of $6.17 billion, a price-to-earnings ratio of 7.10 and a beta of 1.79. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.09 and a quick ratio of 1.35. The company has a 50 day simple moving average of $11.32 and a 200 day simple moving average of $11.19. Rithm Capital Corp. has a 1 year low of $10.38 and a 1 year high of $12.10.

Rithm Capital (NYSE:RITM) last announced its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.16. Rithm Capital had a net margin of 17.79% and a return on equity of 18.15%. Research analysts anticipate that Rithm Capital Corp. will post 1.93 EPS for the current fiscal year.

Rithm Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.44%. The ex-dividend date was Tuesday, December 31st. Rithm Capital’s payout ratio is 59.88%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Keefe, Bruyette & Woods boosted their price target on Rithm Capital from $13.00 to $13.50 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Wedbush restated an “outperform” rating and issued a $14.00 target price on shares of Rithm Capital in a research report on Thursday, November 7th. B. Riley raised shares of Rithm Capital to a “strong-buy” rating in a report on Tuesday, January 7th. Royal Bank of Canada reissued an “outperform” rating and issued a $13.00 price objective on shares of Rithm Capital in a research note on Thursday, November 21st. Finally, JMP Securities restated a “market outperform” rating and set a $12.50 target price on shares of Rithm Capital in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $13.07.

Rithm Capital 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.