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

Shares of Rithm Capital Corp. (NYSE:RITM - Get Free Report) have received an average rating of "Moderate Buy" from the nine brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $12.78.

Several research firms have weighed in on RITM. Wedbush reiterated an "outperform" rating and issued a $14.00 target price on shares of Rithm Capital in a report on Thursday, November 7th. Royal Bank of Canada reiterated an "outperform" rating and set a $13.00 target price on shares of Rithm Capital in a report on Thursday, November 21st.

Institutional Trading of Rithm Capital

A number of large investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its holdings in shares of Rithm Capital by 196.3% during the first quarter. Russell Investments Group Ltd. now owns 26,182 shares of the real estate investment trust's stock worth $293,000 after acquiring an additional 17,345 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Rithm Capital by 7.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 225,902 shares of the real estate investment trust's stock valued at $2,522,000 after buying an additional 15,098 shares in the last quarter. Burney Co. bought a new stake in shares of Rithm Capital during the first quarter worth $548,000. Cetera Investment Advisers increased its holdings in shares of Rithm Capital by 460.3% during the first quarter. Cetera Investment Advisers now owns 265,611 shares of the real estate investment trust's stock worth $2,964,000 after buying an additional 218,206 shares in the last quarter. Finally, Cetera Advisors LLC lifted its stake in shares of Rithm Capital by 16.3% in the 1st quarter. Cetera Advisors LLC now owns 200,775 shares of the real estate investment trust's stock valued at $2,241,000 after acquiring an additional 28,212 shares during the last quarter. Institutional investors and hedge funds own 44.92% of the company's stock.

Rithm Capital Trading Up 0.6 %

Shares of RITM traded up $0.07 during trading hours on Friday, hitting $11.25. 2,144,096 shares of the stock traded hands, compared to its average volume of 3,531,215. The firm has a market capitalization of $5.85 billion, a PE ratio of 11.36 and a beta of 1.80. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.63. Rithm Capital has a 1-year low of $9.97 and a 1-year high of $12.02. The business has a fifty day moving average of $10.83 and a 200-day moving average of $11.13.

Rithm Capital (NYSE:RITM - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.12. Rithm Capital had a return on equity of 17.54% and a net margin of 14.99%. The business had revenue of $619.51 million for the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the company earned $0.58 EPS. Analysts expect that Rithm Capital will post 1.89 EPS for the current year.

Rithm Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 1st were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.89%. The ex-dividend date was Tuesday, October 1st. Rithm Capital's dividend payout ratio is currently 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.