SeaCrest Wealth Management LLC Has $1.02 Million Holdings in Rithm Capital Corp. (NYSE:RITM)

SeaCrest Wealth Management LLC lifted its position in shares of Rithm Capital Corp. (NYSE:RITM) by 1.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 94,566 shares of the real estate investment trust’s stock after buying an additional 951 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Rithm Capital were worth $1,024,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. AQR Capital Management LLC increased its position in shares of Rithm Capital by 4.1% during the second quarter. AQR Capital Management LLC now owns 29,848 shares of the real estate investment trust’s stock worth $326,000 after buying an additional 1,183 shares during the period. Empowered Funds LLC increased its position in shares of Rithm Capital by 8.3% during the third quarter. Empowered Funds LLC now owns 15,824 shares of the real estate investment trust’s stock worth $176,000 after buying an additional 1,216 shares during the period. Founders Financial Alliance LLC increased its position in shares of Rithm Capital by 2.6% during the second quarter. Founders Financial Alliance LLC now owns 50,942 shares of the real estate investment trust’s stock worth $556,000 after buying an additional 1,286 shares during the period. Atomi Financial Group Inc. increased its position in shares of Rithm Capital by 6.4% during the third quarter. Atomi Financial Group Inc. now owns 24,711 shares of the real estate investment trust’s stock worth $280,000 after buying an additional 1,481 shares during the period. Finally, Cerity Partners LLC increased its position in shares of Rithm Capital by 2.1% during the third quarter. Cerity Partners LLC now owns 72,434 shares of the real estate investment trust’s stock worth $822,000 after buying an additional 1,508 shares during the period. 44.92% of the stock is currently owned by institutional investors and hedge funds.

Rithm Capital Stock Up 1.6 %

Rithm Capital stock opened at $11.17 on Thursday. Rithm Capital Corp. has a 1-year low of $9.97 and a 1-year high of $12.02. The firm has a market capitalization of $5.81 billion, a price-to-earnings ratio of 11.28 and a beta of 1.79. The firm’s fifty day moving average price is $10.96 and its two-hundred day moving average price is $11.10. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.63.

Rithm Capital (NYSE:RITM) last released its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.12. Rithm Capital had a net margin of 14.99% and a return on equity of 17.54%. The firm had revenue of $619.51 million for the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the firm earned $0.58 earnings per share. On average, equities research analysts predict that Rithm Capital Corp. will post 1.93 earnings per share for the current fiscal year.

Rithm Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.95%. The ex-dividend date is Tuesday, December 31st. Rithm Capital’s payout ratio is currently 101.01%.

Analysts Set New Price Targets

A number of equities research analysts have commented on RITM shares. Wedbush restated an “outperform” rating and issued a $14.00 price target on shares of Rithm Capital in a report on Thursday, November 7th. 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 target on shares of Rithm Capital in a report on Thursday, November 21st. Finally, Keefe, Bruyette & Woods raised their price target on shares of Rithm Capital from $13.00 to $13.50 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $12.94.

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.