Analysts Set Rithm Capital Corp. (NYSE:RITM) PT at $12.94

Rithm Capital Corp. (NYSE:RITM - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the eight ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $12.94.

Several brokerages have commented on RITM. Royal Bank of Canada reiterated an "outperform" rating and issued a $13.00 price target on shares of Rithm Capital in a research report on Thursday, November 21st. Keefe, Bruyette & Woods boosted their target price on shares of Rithm Capital from $13.00 to $13.50 and gave the stock an "outperform" rating in a report on Tuesday, December 3rd. Finally, Wedbush restated an "outperform" rating and set a $14.00 target price on shares of Rithm Capital in a report on Thursday, November 7th.

Rithm Capital Stock Performance

Shares of NYSE:RITM traded up $0.12 on Wednesday, hitting $11.03. The company's stock had a trading volume of 1,190,092 shares, compared to its average volume of 3,513,108. Rithm Capital has a 12 month low of $9.97 and a 12 month high of $12.02. The stock's 50-day moving average is $10.86 and its two-hundred day moving average is $11.11. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.35 and a current ratio of 1.35. The company has a market capitalization of $5.73 billion, a price-to-earnings ratio of 11.14 and a beta of 1.80.

Rithm Capital (NYSE:RITM - Get Free Report) last announced its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.12. The firm had revenue of $619.51 million during the quarter, compared to analyst estimates of $1.11 billion. Rithm Capital had a net margin of 14.99% and a return on equity of 17.54%. During the same quarter in the prior year, the firm posted $0.58 EPS. On average, equities research analysts forecast that Rithm Capital will post 1.93 EPS for the current year.

Rithm Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be paid a $0.25 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a yield of 9.07%. Rithm Capital's dividend payout ratio (DPR) is currently 101.01%.

Hedge Funds Weigh In On Rithm Capital

Hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its holdings in Rithm Capital by 154.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,513 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 1,525 shares during the last quarter. Truvestments Capital LLC acquired a new position in Rithm Capital in the 3rd quarter valued at $43,000. Wilmington Savings Fund Society FSB bought a new position in Rithm Capital in the 3rd quarter worth $43,000. Godsey & Gibb Inc. acquired a new position in Rithm Capital during the 3rd quarter worth $51,000. Finally, Future Financial Wealth Managment LLC bought a new stake in Rithm Capital during the third quarter valued at about $73,000. Institutional investors and hedge funds own 44.92% of the company's stock.

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.