Recent Institutional Investments in Rithm Capital Corp. (NYSE:RITM)

Future Financial Wealth Management LLC recently acquired a new position in Rithm Capital Corp. (NYSE:RITM), a real estate investment trust, during the first quarter. The fund purchased 6,400 shares of Rithm Capital’s stock, valued at approximately $71,000. This move reflects a growing interest in the company among institutional investors.

Other institutional investors have also made changes to their holdings in Rithm Capital. Range Financial Group LLC increased its position by 7.5% in the first quarter, while International Assets Investment Management LLC saw a 13.0% increase in their position. Silverberg Bernstein Capital Management LLC and RFG Advisory LLC also made new purchases of Rithm Capital stock during the same period.

Analysts have been closely monitoring Rithm Capital’s performance, with several recent upgrades and price target increases. The stock currently has an average rating of “Moderate Buy” and a consensus target price of $12.32.

Despite these positive developments, Rithm Capital’s stock saw a slight decrease of 0.5% on Thursday. The company’s market cap is $5.27 billion, with a P/E ratio of 7.26 and a beta of 1.80. Rithm Capital also recently announced a quarterly dividend, further adding to its appeal for investors.

Rithm Capital Corp. operates as an asset manager focused on real estate, credit, and financial services. Its investment portfolio includes mortgage servicing rights, real estate securities, residential mortgage loans, and asset management related investments.

Overall, the growing interest from institutional investors, positive analyst ratings, and recent dividend announcement make Rithm Capital an intriguing stock to watch in the coming months.