D. E. Shaw & Co. Inc. Has $13.17 Million Stock Holdings in Rithm Capital Corp. (NYSE:RITM)

D. E. Shaw & Co. Inc. increased its position in shares of Rithm Capital Corp. (NYSE:RITM) by 18.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,215,667 shares of the real estate investment trust’s stock after buying an additional 185,476 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.23% of Rithm Capital worth $13,166,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Rithm Capital by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 49,008,422 shares of the real estate investment trust’s stock worth $530,761,000 after purchasing an additional 184,802 shares during the period. Geode Capital Management LLC increased its stake in Rithm Capital by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 8,494,199 shares of the real estate investment trust’s stock valued at $92,021,000 after purchasing an additional 79,142 shares in the last quarter. Norges Bank acquired a new position in Rithm Capital during the fourth quarter worth $76,082,000. Balyasny Asset Management L.P. lifted its stake in shares of Rithm Capital by 48.6% in the fourth quarter. Balyasny Asset Management L.P. now owns 6,535,525 shares of the real estate investment trust’s stock valued at $70,780,000 after buying an additional 2,136,342 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of Rithm Capital by 0.9% during the fourth quarter. Wellington Management Group LLP now owns 3,600,461 shares of the real estate investment trust’s stock valued at $38,993,000 after buying an additional 32,544 shares during the last quarter. Institutional investors own 44.92% of the company’s stock.

Rithm Capital Price Performance

Rithm Capital stock opened at $11.54 on Wednesday. Rithm Capital Corp. has a 52 week low of $9.13 and a 52 week high of $12.20. The company’s 50 day moving average price is $10.99 and its two-hundred day moving average price is $11.13. The stock has a market cap of $6.12 billion, a P/E ratio of 6.91 and a beta of 1.32. The company has a quick ratio of 1.35, a current ratio of 1.09 and a debt-to-equity ratio of 1.74.

Rithm Capital (NYSE:RITM) last issued its quarterly earnings results on Friday, April 25th. The real estate investment trust reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.07. The business had revenue of $28.89 million for the quarter, compared to analyst estimates of $1.27 billion. Rithm Capital had a return on equity of 18.15% and a net margin of 17.79%. During the same period last year, the company posted $0.48 earnings per share. On average, equities analysts predict that Rithm Capital Corp. will post 1.93 earnings per share for the current year.

Rithm Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 31st were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.67%. The ex-dividend date of this dividend was Monday, March 31st. Rithm Capital’s dividend payout ratio (DPR) is currently 83.33%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on RITM shares. Wedbush restated an “outperform” rating and issued a $14.00 target price on shares of Rithm Capital in a report on Friday, March 28th. JMP Securities reissued a “market outperform” rating and set a $12.50 price objective on shares of Rithm Capital in a report on Thursday, January 23rd. Piper Sandler raised Rithm Capital from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $12.50 to $14.00 in a research note on Monday, April 28th. UBS Group cut their target price 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. Finally, BTIG Research reiterated a “buy” rating and set a $16.00 price target on shares of Rithm Capital in a report on Friday, April 25th. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Rithm Capital presently has an average rating of “Buy” and an average target price of $13.56.

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.