Rithm Capital Corp. (NYSE:RITM) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Rithm Capital Corp. (NYSE:RITM) have received an average rating of “Moderate Buy” from the eight analysts that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $12.94.

RITM has been the topic of a number of research reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $13.00 price target on shares of Rithm Capital in a research note on Thursday, November 21st. Wedbush reaffirmed an “outperform” rating and issued a $14.00 price objective on shares of Rithm Capital in a research report on Thursday, November 7th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Rithm Capital from $13.00 to $13.50 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd.

Institutional Investors Weigh In On Rithm Capital

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RITM. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Rithm Capital by 154.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,513 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 1,525 shares during the last quarter. Truvestments Capital LLC bought a new stake in Rithm Capital during the third quarter worth about $43,000. Wilmington Savings Fund Society FSB acquired a new position in Rithm Capital during the third quarter valued at approximately $43,000. Godsey & Gibb Inc. bought a new position in Rithm Capital in the third quarter valued at approximately $51,000. Finally, Future Financial Wealth Managment LLC acquired a new position in shares of Rithm Capital during the 3rd quarter worth approximately $73,000. 44.92% of the stock is currently owned by institutional investors and hedge funds.

Rithm Capital Stock Performance

Shares of Rithm Capital stock opened at $10.92 on Wednesday. Rithm Capital has a 12 month low of $9.97 and a 12 month high of $12.02. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.63. The company has a market capitalization of $5.68 billion, a PE ratio of 11.03 and a beta of 1.80. The stock’s fifty day simple moving average is $10.87 and its 200 day simple moving average is $11.11.

Rithm Capital (NYSE:RITM) last released its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.12. Rithm Capital had a return on equity of 17.54% and a net margin of 14.99%. The company had revenue of $619.51 million for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the firm posted $0.58 earnings per share. On average, research analysts predict that Rithm Capital will post 1.93 EPS for the current year.

Rithm Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 9.16%. The ex-dividend date is Tuesday, December 31st. Rithm Capital’s payout ratio is 101.01%.

Rithm Capital Company 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.