Swiss National Bank Boosts Stake in Rithm Capital Corp. (NYSE:RITM)

Swiss National Bank boosted its position in shares of Rithm Capital Corp. (NYSE:RITM) by 8.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,022,205 shares of the real estate investment trust’s stock after purchasing an additional 78,500 shares during the period. Swiss National Bank’s holdings in Rithm Capital were worth $11,070,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Truvestments Capital LLC purchased a new position in Rithm Capital during the third quarter worth about $43,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Rithm Capital in the third quarter valued at approximately $43,000. Householder Group Estate & Retirement Specialist LLC grew its holdings in shares of Rithm Capital by 86.7% in the fourth 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 purchasing an additional 2,062 shares in the last quarter. FNY Investment Advisers LLC grew its holdings in shares of Rithm Capital by 8,600.0% in the fourth quarter. FNY Investment Advisers LLC now owns 8,700 shares of the real estate investment trust’s stock valued at $94,000 after purchasing an additional 8,600 shares in the last quarter. Finally, Periscope Capital Inc. acquired a new position in shares of Rithm Capital in the third quarter valued at approximately $114,000. 44.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of Rithm Capital from $13.00 to $13.50 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. B. Riley upgraded shares of Rithm Capital to a “strong-buy” rating in a report on Tuesday, January 7th. Royal Bank of Canada restated an “outperform” rating and issued a $13.00 price objective on shares of Rithm Capital in a report on Thursday, November 21st. JMP Securities reiterated a “market outperform” rating and set a $12.50 price target on shares of Rithm Capital in a report on Thursday, January 23rd. Finally, Piper Sandler boosted their price target on shares of Rithm Capital from $11.50 to $12.50 and gave the stock a “neutral” rating in a report on Friday, February 7th. One 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. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $13.25.

Rithm Capital Stock Up 0.0 %

Shares of NYSE:RITM opened at $11.83 on Friday. The company has a market capitalization of $6.16 billion, a PE ratio of 7.08 and a beta of 1.83. 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 Corp. has a twelve month low of $10.38 and a twelve month high of $12.20. The firm has a 50 day simple moving average of $11.62 and a 200-day simple moving average of $11.24.

Rithm Capital (NYSE:RITM) last issued its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.60 earnings per share 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%. On average, equities analysts predict that Rithm Capital Corp. will post 1.93 EPS for the current fiscal year.

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.