Rithm Capital Corp. (NYSE:RITM - Get Free Report) shares hit a new 52-week low during trading on Thursday . The company traded as low as $9.13 and last traded at $10.39, with a volume of 14311097 shares. The stock had previously closed at $9.81.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on RITM shares. JMP Securities restated a "market outperform" rating and set a $12.50 price objective on shares of Rithm Capital in a research note on Thursday, January 23rd. B. Riley raised shares of Rithm Capital to a "strong-buy" rating in a research report on Tuesday, January 7th. Wedbush reiterated an "outperform" rating and issued a $14.00 price objective on shares of Rithm Capital in a research note on Friday, March 28th. Finally, Piper Sandler boosted their target price on Rithm Capital from $11.50 to $12.50 and gave the stock a "neutral" rating in a research note on Friday, February 7th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Rithm Capital has a consensus rating of "Buy" and a consensus price target of $13.25.
Read Our Latest Stock Report on Rithm Capital
Rithm Capital Price Performance
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 firm has a market cap of $5.30 billion, a PE ratio of 6.09 and a beta of 1.36. The business has a fifty day moving average of $11.45 and a 200-day moving average of $11.12.
Rithm Capital (NYSE:RITM - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.60 EPS for the quarter, topping 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%. As a group, research analysts predict that Rithm Capital Corp. will post 1.93 earnings per share for the current year.
Rithm Capital Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be given a $0.25 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.00 annualized dividend and a yield of 9.82%. Rithm Capital's dividend payout ratio (DPR) is presently 59.88%.
Institutional Investors Weigh In On Rithm Capital
Hedge funds have recently added to or reduced their stakes in the company. Handelsbanken Fonder AB grew its position in Rithm Capital by 27.2% during the first quarter. Handelsbanken Fonder AB now owns 183,094 shares of the real estate investment trust's stock valued at $2,096,000 after acquiring an additional 39,100 shares during the last quarter. Meridian Financial Partners LLC boosted its position in Rithm Capital by 3.7% during the first quarter. Meridian Financial Partners LLC now owns 86,059 shares of the real estate investment trust's stock valued at $985,000 after buying an additional 3,098 shares during the period. Wedmont Private Capital grew its stake in shares of Rithm Capital by 11.2% during the first quarter. Wedmont Private Capital now owns 22,473 shares of the real estate investment trust's stock valued at $257,000 after buying an additional 2,272 shares during the last quarter. SeaCrest Wealth Management LLC lifted its stake in shares of Rithm Capital by 1.7% in the 1st quarter. SeaCrest Wealth Management LLC now owns 96,176 shares of the real estate investment trust's stock valued at $1,101,000 after acquiring an additional 1,610 shares during the last quarter. Finally, Gilman Hill Asset Management LLC purchased a new stake in Rithm Capital during the 1st quarter valued at about $126,000. Institutional investors own 44.92% of the company's stock.
About Rithm Capital
(
Get Free Report)
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.
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