WINTON GROUP Ltd Has $1.89 Million Stock Position in Rithm Capital Corp. $RITM

WINTON GROUP Ltd reduced its stake in Rithm Capital Corp. (NYSE:RITM) by 49.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 201,711 shares of the real estate investment trust’s stock after selling 200,503 shares during the quarter. WINTON GROUP Ltd’s holdings in Rithm Capital were worth $1,894,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in RITM. Wellington Management Group LLP increased its stake in shares of Rithm Capital by 14.4% during the second quarter. Wellington Management Group LLP now owns 11,616,077 shares of the real estate investment trust’s stock worth $109,075,000 after purchasing an additional 1,466,315 shares during the period. State Street Corp increased its position in Rithm Capital by 5.3% during the 4th quarter. State Street Corp now owns 10,557,874 shares of the real estate investment trust’s stock worth $117,701,000 after buying an additional 530,607 shares during the period. Geode Capital Management LLC increased its position in Rithm Capital by 4.8% during the 4th quarter. Geode Capital Management LLC now owns 9,621,935 shares of the real estate investment trust’s stock worth $104,904,000 after buying an additional 443,144 shares during the period. Qube Research & Technologies Ltd lifted its holdings in shares of Rithm Capital by 80.7% during the third quarter. Qube Research & Technologies Ltd now owns 7,890,987 shares of the real estate investment trust’s stock worth $89,878,000 after buying an additional 3,524,330 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Rithm Capital in the fourth quarter valued at about $77,067,000. Institutional investors own 44.92% of the company’s stock.

Insider Transactions at Rithm Capital

In other Rithm Capital news, Director Peggy Hebard sold 14,520 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $10.18, for a total transaction of $147,813.60. Following the completion of the transaction, the director directly owned 82,259 shares in the company, valued at $837,396.62. The trade was a 15.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.57% of the stock is owned by company insiders.

Rithm Capital Trading Up 1.0%

RITM opened at $9.76 on Friday. The stock has a market capitalization of $5.45 billion, a price-to-earnings ratio of 16.26, a P/E/G ratio of 0.61 and a beta of 1.12. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.19. Rithm Capital Corp. has a twelve month low of $8.43 and a twelve month high of $12.68. The company has a 50-day simple moving average of $9.80 and a 200 day simple moving average of $9.62.

Rithm Capital (NYSE:RITM) last released its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.60 EPS for the quarter, beating the consensus estimate of $0.50 by $0.10. Rithm Capital had a net margin of 9.20% and a return on equity of 19.86%. Analysts predict that Rithm Capital Corp. will post 2.26 EPS for the current fiscal year.

Rithm Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Thursday, July 2nd were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 10.3%. The ex-dividend date of this dividend was Thursday, July 2nd. Rithm Capital’s dividend payout ratio (DPR) is 166.67%.

Analysts Set New Price Targets

RITM has been the topic of a number of recent research reports. UBS Group lowered their price target on shares of Rithm Capital from $14.50 to $14.00 and set a “buy” rating on the stock in a research report on Friday, August 21st. Piper Sandler decreased their target price on shares of Rithm Capital from $14.00 to $12.50 and set an “overweight” rating on the stock in a research report on Thursday, July 2nd. Citizens Jmp raised their target price on shares of Rithm Capital from $12.50 to $13.50 and gave the stock a “market outperform” rating in a report on Wednesday, May 20th. BTIG Research cut their price target on Rithm Capital from $16.00 to $13.00 and set a “buy” rating for the company in a research note on Tuesday, June 16th. Finally, Citigroup reissued an “outperform” rating on shares of Rithm Capital in a research report on Wednesday, May 20th. Ten research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $13.15.

Rithm Capital Company Profile

Rithm Capital Corporation (NYSE:RITM) is a real estate investment trust that focuses on investments and operating businesses tied to the residential mortgage and real estate markets. The company seeks to generate income from mortgage servicing rights, residential mortgage loans, mortgage-backed securities and other related assets.

Rithm also owns and operates businesses involved in mortgage origination, servicing and related financial services. Its platform includes Newrez, a mortgage company that provides loan origination, servicing and associated services to homeowners and borrowers in the United States.