Rithm Capital Corp. (NYSE:RITM) Short Interest Update

by · The Markets Daily

Rithm Capital Corp. (NYSE:RITMGet Free Report) saw a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 12,351,438 shares, a growth of 30.2% from the January 29th total of 9,488,012 shares. Currently, 2.2% of the shares of the company are sold short. Based on an average trading volume of 11,005,198 shares, the days-to-cover ratio is currently 1.1 days. Based on an average trading volume of 11,005,198 shares, the days-to-cover ratio is currently 1.1 days. Currently, 2.2% of the shares of the company are sold short.

Analysts Set New Price Targets

RITM has been the subject of a number of recent analyst reports. UBS Group set a $15.00 price objective on Rithm Capital in a research note on Friday, February 6th. Wedbush assumed coverage on shares of Rithm Capital in a report on Monday, December 15th. They issued an “outperform” rating and a $14.00 price target on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Rithm Capital in a research report on Monday, December 29th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of Rithm Capital in a research report on Thursday, December 18th. Finally, Piper Sandler reissued an “overweight” rating and set a $15.00 target price (down from $15.50) on shares of Rithm Capital in a research report on Wednesday, February 4th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Rithm Capital presently has an average rating of “Moderate Buy” and a consensus target price of $14.50.

View Our Latest Stock Report on Rithm Capital

Rithm Capital Stock Performance

NYSE RITM traded down $0.19 during trading on Wednesday, hitting $9.76. 12,644,860 shares of the company’s stock traded hands, compared to its average volume of 8,530,345. The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.58 and a current ratio of 0.58. The stock has a market capitalization of $5.43 billion, a price-to-earnings ratio of 9.38 and a beta of 1.21. Rithm Capital has a 12-month low of $9.13 and a 12-month high of $12.74. The business has a 50 day moving average of $10.97 and a 200-day moving average of $11.29.

Rithm Capital (NYSE:RITMGet Free Report) last posted its earnings results on Tuesday, February 3rd. The real estate investment trust reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.19. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.24 billion. Rithm Capital had a net margin of 15.55% and a return on equity of 19.74%. As a group, equities research analysts anticipate that Rithm Capital will post 1.93 earnings per share for the current fiscal year.

Rithm Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, December 31st were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $1.00 dividend on an annualized basis and a yield of 10.2%. Rithm Capital’s dividend payout ratio is 96.15%.

Hedge Funds Weigh In On Rithm Capital

Hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC raised its position in shares of Rithm Capital by 20.4% in the first quarter. AQR Capital Management LLC now owns 77,625 shares of the real estate investment trust’s stock worth $889,000 after buying an additional 13,166 shares in the last quarter. NewEdge Advisors LLC increased its stake in Rithm Capital by 5.3% in the 1st quarter. NewEdge Advisors LLC now owns 31,311 shares of the real estate investment trust’s stock worth $359,000 after acquiring an additional 1,585 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Rithm Capital by 75.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,539,483 shares of the real estate investment trust’s stock valued at $17,627,000 after acquiring an additional 662,585 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Rithm Capital by 14.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 7,031 shares of the real estate investment trust’s stock valued at $81,000 after acquiring an additional 881 shares during the last quarter. Finally, Wealthfront Advisers LLC grew its holdings in shares of Rithm Capital by 7.9% during the second quarter. Wealthfront Advisers LLC now owns 20,001 shares of the real estate investment trust’s stock worth $226,000 after purchasing an additional 1,466 shares in the last quarter. Hedge funds and other institutional investors own 44.92% of the company’s stock.

Rithm Capital Company Profile

(Get Free Report)

Rithm Capital Corporation is a specialty finance company that originates, acquires and manages structured credit investments collateralized by real estate assets in the United States. The company focuses primarily on senior floating-rate loans secured by multifamily, commercial, industrial and single-family rental properties, aiming to deliver attractive risk-adjusted yields through a diversified portfolio of floating-rate real estate debt.

In addition to senior loans, Rithm Capital invests in residential mortgage-backed securities, including agency and non-agency pools, as well as other real estate-related credit instruments.

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