Rithm Capital Corp. (NYSE:RITM) Given Average Rating of “Buy” by Brokerages

Shares of Rithm Capital Corp. (NYSE:RITMGet Free Report) have earned an average recommendation of “Buy” from the seven research firms that are presently covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a buy recommendation. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $12.00.

RITM has been the subject of a number of recent analyst reports. Jonestrading boosted their target price on shares of Rithm Capital from $11.00 to $12.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. B. Riley upped their price target on shares of Rithm Capital from $12.00 to $13.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. JMP Securities boosted their target price on shares of Rithm Capital from $10.50 to $11.00 and gave the company a “market outperform” rating in a research note on Thursday, January 18th. Wedbush restated an “outperform” rating and set a $13.00 price target on shares of Rithm Capital in a research report on Monday, February 26th. Finally, UBS Group assumed coverage on shares of Rithm Capital in a report on Wednesday, December 6th. They issued a “buy” rating and a $12.50 price target for the company.

Read Our Latest Research Report on RITM

Institutional Investors Weigh In On Rithm Capital

Several institutional investors have recently bought and sold shares of RITM. Parkside Financial Bank & Trust increased its position in Rithm Capital by 605.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,489 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 2,136 shares during the period. American National Bank purchased a new position in shares of Rithm Capital during the fourth quarter valued at approximately $27,000. Raleigh Capital Management Inc. boosted its position in Rithm Capital by 125.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 2,986 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 1,661 shares during the last quarter. GAMMA Investing LLC bought a new stake in shares of Rithm Capital in the fourth quarter valued at $34,000. Finally, Lazard Asset Management LLC bought a new position in Rithm Capital in the 4th quarter worth about $34,000. Institutional investors own 44.58% of the company’s stock.

Rithm Capital Trading Down 1.6 %

Shares of Rithm Capital stock opened at $10.80 on Thursday. Rithm Capital has a 1 year low of $7.40 and a 1 year high of $11.15. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.30 and a current ratio of 0.30. The company has a market capitalization of $5.22 billion, a P/E ratio of 9.82 and a beta of 1.82. The company’s fifty day moving average is $10.65 and its two-hundred day moving average is $10.17.

Rithm Capital (NYSE:RITMGet Free Report) last released its earnings results on Wednesday, February 7th. The real estate investment trust reported $0.51 EPS for the quarter, topping the consensus estimate of $0.35 by $0.16. Rithm Capital had a net margin of 17.15% and a return on equity of 18.49%. The company had revenue of $709.47 million during the quarter, compared to analysts’ expectations of $887.04 million. During the same quarter last year, the business earned $0.33 EPS. Analysts forecast that Rithm Capital will post 1.66 earnings per share for the current year.

Rithm Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 26th. Shareholders of record on Friday, December 29th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 9.26%. The ex-dividend date was Thursday, December 28th. Rithm Capital’s dividend payout ratio (DPR) is currently 90.91%.

Rithm Capital Company Profile

(Get Free Report

Rithm Capital Corp. operates as an investment manager that operates a vertically integrated mortgage platform and invests in real estate and related properties in the United States and Europe. The company provides capital and services to the real estate and financial services sectors. Its investment portfolio comprises mortgage servicing related assets, residential securities and loans, and single-family rental loans.

Further Reading

Analyst Recommendations for Rithm Capital (NYSE:RITM)

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