Victory Capital Management Inc. Grows Position in Rithm Capital Corp. (NYSE:RITM)

Victory Capital Management Inc. increased its position in Rithm Capital Corp. (NYSE:RITM) by 19.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 238,188 shares of the real estate investment trust’s stock after purchasing an additional 38,855 shares during the quarter. Victory Capital Management Inc.’s holdings in Rithm Capital were worth $2,580,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Truvestments Capital LLC purchased a new position in shares of Rithm Capital in the 3rd quarter valued at approximately $43,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Rithm Capital in the 3rd quarter valued at approximately $43,000. Householder Group Estate & Retirement Specialist LLC lifted its stake in shares of Rithm Capital by 86.7% in the 4th 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 during the period. FNY Investment Advisers LLC lifted its stake in shares of Rithm Capital by 8,600.0% in the 4th 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 during the period. Finally, Periscope Capital Inc. purchased a new position in shares of Rithm Capital in the 3rd quarter valued at approximately $114,000. Hedge funds and other institutional investors own 44.92% of the company’s stock.

Rithm Capital Stock Up 2.1 %

Rithm Capital stock opened at $11.66 on Monday. The firm has a market cap of $6.07 billion, a price-to-earnings ratio of 6.98 and a beta of 1.83. The stock has a fifty day simple moving average of $11.56 and a two-hundred day simple moving average of $11.23. Rithm Capital Corp. has a 12 month low of $10.38 and a 12 month high of $12.20. 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 (NYSE:RITM) last posted its earnings results on Thursday, February 6th. The real estate investment trust reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.16. Rithm Capital had a return on equity of 18.15% and a net margin of 17.79%. Equities analysts predict that Rithm Capital Corp. will post 1.93 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.