Rithm Capital Corp. (NYSE:RITM - Get Free Report) reached a new 52-week low during trading on Friday . The company traded as low as $10.34 and last traded at $10.59, with a volume of 4247131 shares trading hands. The stock had previously closed at $11.25.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on the company. Piper Sandler boosted their price objective on Rithm Capital from $11.50 to $12.50 and gave the company a "neutral" rating in a report on Friday, February 7th. Wedbush reissued an "outperform" rating and set a $14.00 target price on shares of Rithm Capital in a research note on Friday, March 28th. 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. Finally, B. Riley upgraded shares of Rithm Capital to a "strong-buy" rating in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $13.25.
Check Out Our Latest Stock Analysis on RITM
Rithm Capital Stock Up 5.9 %
The company has a market capitalization of $5.41 billion, a price-to-earnings ratio of 6.22 and a beta of 1.36. 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 business has a 50-day moving average price of $11.55 and a 200-day moving average price of $11.16.
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 for the quarter, beating analysts' consensus estimates 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, equities 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 will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 9.62%. Rithm Capital's dividend payout ratio (DPR) is 59.88%.
Hedge Funds Weigh In On Rithm Capital
Hedge funds have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB bought a new position in shares of Rithm Capital in the third quarter valued at approximately $43,000. Quarry LP grew its position in Rithm Capital by 47.5% during the fourth quarter. Quarry LP now owns 4,118 shares of the real estate investment trust's stock worth $45,000 after buying an additional 1,327 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC increased its position in shares of Rithm Capital by 86.7% during the fourth 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 period. Quadrant Capital Group LLC lifted its position in Rithm Capital by 35.2% in the fourth quarter. Quadrant Capital Group LLC now owns 4,655 shares of the real estate investment trust's stock worth $50,000 after purchasing an additional 1,211 shares during the period. Finally, Quent Capital LLC boosted its position in shares of Rithm Capital by 58.6% during the 1st quarter. Quent Capital LLC now owns 5,465 shares of the real estate investment trust's stock valued at $63,000 after acquiring an additional 2,019 shares in the last quarter. 44.92% of the stock is owned by institutional investors and hedge funds.
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.
See Also
Before you consider Rithm Capital, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rithm Capital wasn't on the list.
While Rithm Capital currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
