Rithm Capital Corp. (NYSE:RITM) Receives Consensus Rating of "Buy" from Brokerages

Shares of Rithm Capital Corp. (NYSE:RITM - Get Free Report) have received an average recommendation of "Buy" from the six ratings firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $13.25.

Several equities analysts have issued reports on the company. B. Riley raised Rithm Capital to a "strong-buy" rating in a research note on Tuesday, January 7th. JMP Securities reaffirmed a "market outperform" rating and set a $12.50 target price on shares of Rithm Capital in a research report on Thursday, January 23rd. Royal Bank of Canada reaffirmed an "outperform" rating and set a $13.00 target price on shares of Rithm Capital in a research report on Thursday, November 21st. Keefe, Bruyette & Woods upped their target price on Rithm Capital from $13.00 to $13.50 and gave the stock an "outperform" rating in a research report on Tuesday, December 3rd. Finally, Piper Sandler upped their target price on Rithm Capital from $11.50 to $12.50 and gave the stock a "neutral" rating in a research report on Friday, February 7th.

Institutional Investors Weigh In On Rithm Capital

Institutional investors and hedge funds have recently bought and sold shares of the stock. Truvestments Capital LLC purchased a new stake in shares of Rithm Capital during the 3rd quarter valued at $43,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Rithm Capital during the 3rd quarter valued at $43,000. Quarry LP increased its position in shares of Rithm Capital by 47.5% during the 4th quarter. Quarry LP now owns 4,118 shares of the real estate investment trust's stock valued at $45,000 after purchasing an additional 1,327 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC increased its position in shares of Rithm Capital by 86.7% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 4,439 shares of the real estate investment trust's stock valued at $48,000 after purchasing an additional 2,062 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its position in shares of Rithm Capital by 35.2% during the 4th quarter. Quadrant Capital Group LLC now owns 4,655 shares of the real estate investment trust's stock valued at $50,000 after purchasing an additional 1,211 shares during the last quarter. 44.92% of the stock is owned by hedge funds and other institutional investors.

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Rithm Capital Trading Down 0.9 %

RITM stock traded down $0.11 during trading on Monday, hitting $11.43. The company had a trading volume of 3,720,934 shares, compared to its average volume of 3,418,626. Rithm Capital has a one year low of $10.38 and a one year high of $12.20. The company has a current ratio of 1.09, a quick ratio of 1.35 and a debt-to-equity ratio of 1.74. The business has a 50-day moving average of $11.52 and a 200-day moving average of $11.23. The stock has a market cap of $5.95 billion, a PE ratio of 6.84 and a beta of 1.83.

Rithm Capital (NYSE:RITM - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.16. Rithm Capital had a return on equity of 18.15% and a net margin of 17.79%. Research analysts predict that Rithm Capital will post 1.93 earnings per share for the current fiscal year.

Rithm Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 8.75%. The ex-dividend date was Tuesday, December 31st. Rithm Capital's payout ratio is currently 59.88%.

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.