Signaturefd LLC Has $479,000 Stake in Rithm Capital Corp. (NYSE:RITM)

Signaturefd LLC lessened its stake in shares of Rithm Capital Corp. (NYSE:RITM) by 2.6% during the fourth quarter, Holdings Channel reports. The fund owned 44,260 shares of the real estate investment trust’s stock after selling 1,191 shares during the quarter. Signaturefd LLC’s holdings in Rithm Capital were worth $479,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Parallel Advisors LLC boosted its stake in Rithm Capital by 34.5% during the fourth quarter. Parallel Advisors LLC now owns 45,333 shares of the real estate investment trust’s stock worth $491,000 after acquiring an additional 11,620 shares in the last quarter. Cibc World Markets Corp boosted its stake in Rithm Capital by 4.7% during the fourth quarter. Cibc World Markets Corp now owns 151,197 shares of the real estate investment trust’s stock worth $1,637,000 after acquiring an additional 6,773 shares in the last quarter. Harbour Investments Inc. boosted its stake in Rithm Capital by 2.1% during the fourth quarter. Harbour Investments Inc. now owns 104,116 shares of the real estate investment trust’s stock worth $1,128,000 after acquiring an additional 2,142 shares in the last quarter. Left Brain Wealth Management LLC boosted its stake in Rithm Capital by 47.4% during the fourth quarter. Left Brain Wealth Management LLC now owns 53,805 shares of the real estate investment trust’s stock worth $583,000 after acquiring an additional 17,305 shares in the last quarter. Finally, Swiss National Bank boosted its stake in Rithm Capital by 8.3% during the fourth quarter. Swiss National Bank now owns 1,022,205 shares of the real estate investment trust’s stock worth $11,070,000 after acquiring an additional 78,500 shares in the last quarter. Institutional investors and hedge funds own 44.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on RITM. Royal Bank of Canada reissued an “outperform” rating and set a $13.00 target price on shares of Rithm Capital in a research note on Thursday, November 21st. Keefe, Bruyette & Woods raised their price objective on shares of Rithm Capital from $13.00 to $13.50 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. JMP Securities reaffirmed a “market outperform” rating and issued a $12.50 price objective on shares of Rithm Capital in a research note on Thursday, January 23rd. Piper Sandler raised their price objective on shares of Rithm Capital from $11.50 to $12.50 and gave the company a “neutral” rating in a research note on Friday, February 7th. Finally, B. Riley raised shares of Rithm Capital to a “strong-buy” rating in a research note on Tuesday, January 7th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $13.25.

Rithm Capital Stock Performance

Shares of RITM stock opened at $11.83 on Friday. The firm has a 50-day moving average of $11.62 and a 200-day moving average of $11.24. The company has a market cap of $6.16 billion, a P/E ratio of 7.08 and a beta of 1.83. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.09 and a quick ratio of 1.35. Rithm Capital Corp. has a one year low of $10.38 and a one year high of $12.20.

Rithm Capital (NYSE:RITM) last announced its earnings results on Thursday, February 6th. The real estate investment trust reported $0.60 EPS for the quarter, beating 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%. Equities research analysts forecast that Rithm Capital Corp. will post 1.93 EPS for the current fiscal year.

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.