Rithm Capital (NYSE:RITM - Get Free Report) had its price objective dropped by equities research analysts at UBS Group from $14.00 to $13.00 in a report released on Wednesday, Marketbeat reports. The brokerage currently has a "buy" rating on the real estate investment trust's stock. UBS Group's target price would indicate a potential upside of 28.37% from the stock's current price.
Other analysts have also recently issued reports about the company. Piper Sandler increased 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. JMP Securities restated a "market outperform" rating and set a $12.50 price objective on shares of Rithm Capital in a report on Thursday, January 23rd. Wedbush reaffirmed an "outperform" rating and issued a $14.00 target price on shares of Rithm Capital in a research note on Friday, March 28th. Finally, B. Riley raised Rithm Capital to a "strong-buy" rating in a research note on Tuesday, January 7th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Rithm Capital currently has an average rating of "Buy" and a consensus price target of $13.21.
Check Out Our Latest Stock Analysis on RITM
Rithm Capital Trading Up 1.1 %
Rithm Capital stock traded up $0.11 during midday trading on Wednesday, hitting $10.13. 4,871,959 shares of the stock were exchanged, compared to its average volume of 3,844,863. The stock has a market capitalization of $5.37 billion, a PE ratio of 6.06 and a beta of 1.36. The company has a fifty day simple moving average of $11.34 and a two-hundred day simple moving average of $11.10. The company has a quick ratio of 1.35, a current ratio of 1.09 and a debt-to-equity ratio of 1.74. Rithm Capital has a 52 week low of $9.13 and a 52 week high of $12.20.
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%. Equities research analysts anticipate that Rithm Capital will post 1.93 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. MML Investors Services LLC grew its stake in shares of Rithm Capital by 9.8% in the third quarter. MML Investors Services LLC now owns 95,352 shares of the real estate investment trust's stock valued at $1,082,000 after buying an additional 8,547 shares in the last quarter. Geode Capital Management LLC lifted its stake in Rithm Capital by 7.8% in the third quarter. Geode Capital Management LLC now owns 8,415,057 shares of the real estate investment trust's stock valued at $95,537,000 after acquiring an additional 610,698 shares during the last quarter. Sanctuary Advisors LLC grew its position in shares of Rithm Capital by 19.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 18,433 shares of the real estate investment trust's stock valued at $202,000 after acquiring an additional 2,988 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Rithm Capital in the 3rd quarter valued at about $43,000. Finally, Franklin Resources Inc. lifted its stake in Rithm Capital by 0.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,250,401 shares of the real estate investment trust's stock valued at $13,467,000 after purchasing an additional 9,859 shares during the last quarter. 44.92% of the stock is currently owned by institutional investors.
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.
Further Reading
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
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
