Alpha DNA Investment Management LLC Has $394,000 Position in Rithm Capital Corp. (NYSE:RITM)

Alpha DNA Investment Management LLC boosted its holdings in Rithm Capital Corp. (NYSE:RITM) by 13.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 34,704 shares of the real estate investment trust’s stock after purchasing an additional 4,186 shares during the quarter. Alpha DNA Investment Management LLC’s holdings in Rithm Capital were worth $394,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of RITM. Larson Financial Group LLC lifted its stake in Rithm Capital by 5.7% during the 3rd quarter. Larson Financial Group LLC now owns 146,112 shares of the real estate investment trust’s stock valued at $1,658,000 after acquiring an additional 7,830 shares in the last quarter. Penserra Capital Management LLC lifted its stake in Rithm Capital by 17.3% during the 3rd quarter. Penserra Capital Management LLC now owns 135,365 shares of the real estate investment trust’s stock valued at $1,536,000 after acquiring an additional 19,970 shares in the last quarter. WESPAC Advisors LLC lifted its stake in Rithm Capital by 7.0% during the 3rd quarter. WESPAC Advisors LLC now owns 84,386 shares of the real estate investment trust’s stock valued at $958,000 after acquiring an additional 5,502 shares in the last quarter. Cerity Partners LLC lifted its stake in Rithm Capital by 2.1% during the 3rd quarter. Cerity Partners LLC now owns 72,434 shares of the real estate investment trust’s stock valued at $822,000 after acquiring an additional 1,508 shares in the last quarter. Finally, Nwam LLC bought a new position in Rithm Capital during the 3rd quarter valued at $1,076,000. Institutional investors and hedge funds own 44.92% of the company’s stock.

Rithm Capital Stock Up 1.8 %

RITM stock opened at $10.98 on Monday. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.63. The firm has a market capitalization of $5.71 billion, a PE ratio of 11.09 and a beta of 1.80. Rithm Capital Corp. has a twelve month low of $9.97 and a twelve month high of $12.02. The stock has a 50-day simple moving average of $10.90 and a two-hundred day simple moving average of $11.13.

Rithm Capital (NYSE:RITM) last issued its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.54 EPS for the quarter, topping the consensus estimate of $0.42 by $0.12. Rithm Capital had a return on equity of 17.54% and a net margin of 14.99%. The company had revenue of $619.51 million during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the firm earned $0.58 earnings per share. On average, equities analysts predict that Rithm Capital Corp. will post 1.89 EPS for the current fiscal year.

Rithm Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 1st were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 9.11%. The ex-dividend date was Tuesday, October 1st. Rithm Capital’s dividend payout ratio is currently 101.01%.

Analysts Set New Price Targets

Several brokerages have weighed in on RITM. Royal Bank of Canada restated an “outperform” rating and set a $13.00 price objective on shares of Rithm Capital in a research note on Thursday. Wedbush reiterated an “outperform” rating and set a $14.00 target price on shares of Rithm Capital in a research note on Thursday, November 7th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $12.78.

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.