Rithm Capital Corp. (NYSE:RITM - Get Free Report) shares reached a new 52-week high on Thursday . The company traded as high as $12.10 and last traded at $12.08, with a volume of 310153 shares changing hands. The stock had previously closed at $12.02.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on RITM shares. B. Riley raised shares of Rithm Capital to a "strong-buy" rating in a research note on Tuesday, January 7th. Piper Sandler increased their price target on Rithm Capital from $11.50 to $12.50 and gave the stock a "neutral" rating in a research report on Friday, February 7th. Wedbush restated an "outperform" rating and issued a $14.00 price objective on shares of Rithm Capital in a research report on Thursday, November 7th. 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 note on Tuesday, December 3rd. Finally, JMP Securities reissued a "market outperform" rating and issued a $12.50 price target on shares of Rithm Capital in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Rithm Capital presently has a consensus rating of "Buy" and a consensus price target of $13.07.
View Our Latest Research Report on Rithm Capital
Rithm Capital Trading Down 1.8 %
The company has a quick ratio of 1.35, a current ratio of 1.09 and a debt-to-equity ratio of 1.74. The company's 50-day moving average is $11.42 and its 200-day moving average is $11.22. The stock has a market capitalization of $6.21 billion, a price-to-earnings ratio of 7.14 and a beta of 1.79.
Rithm Capital (NYSE:RITM - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $0.60 EPS for the quarter, beating the consensus estimate of $0.44 by $0.16. Rithm Capital had a net margin of 17.79% and a return on equity of 18.15%. Research analysts anticipate that Rithm Capital Corp. will post 1.93 earnings per share for the current fiscal year.
Rithm Capital Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.38%. The ex-dividend date was Tuesday, December 31st. Rithm Capital's dividend payout ratio is presently 59.88%.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Rithm Capital in the 4th quarter valued at approximately $4,528,000. AlphaCore Capital LLC increased its holdings in Rithm Capital by 5.0% in the 4th quarter. AlphaCore Capital LLC now owns 31,500 shares of the real estate investment trust's stock valued at $341,000 after purchasing an additional 1,500 shares during the last quarter. Neo Ivy Capital Management raised its position in Rithm Capital by 59.4% in the fourth quarter. Neo Ivy Capital Management now owns 207,258 shares of the real estate investment trust's stock valued at $2,244,000 after purchasing an additional 77,204 shares during the period. PharVision Advisers LLC purchased a new stake in Rithm Capital in the fourth quarter valued at approximately $127,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Rithm Capital by 17.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,381,920 shares of the real estate investment trust's stock worth $14,966,000 after purchasing an additional 208,875 shares in the last quarter. Institutional investors and hedge funds 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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