Wedbush Reiterates "Outperform" Rating for Rithm Capital (NYSE:RITM)

Rithm Capital (NYSE:RITM - Get Free Report)'s stock had its "outperform" rating restated by investment analysts at Wedbush in a report released on Friday,Benzinga reports. They currently have a $14.00 price target on the real estate investment trust's stock. Wedbush's price objective indicates a potential upside of 22.22% from the stock's current price. Wedbush also issued estimates for Rithm Capital's Q1 2025 earnings at $0.46 EPS, Q2 2025 earnings at $0.48 EPS, Q3 2025 earnings at $0.49 EPS, Q4 2025 earnings at $0.53 EPS, FY2025 earnings at $1.96 EPS and FY2026 earnings at $2.03 EPS.

Several other research analysts have also recently commented on RITM. Keefe, Bruyette & Woods raised their target price on shares of Rithm Capital from $13.00 to $13.50 and gave the stock an "outperform" rating in a report on Tuesday, December 3rd. JMP Securities reaffirmed a "market outperform" rating and set a $12.50 target price on shares of Rithm Capital in a research note on Thursday, January 23rd. Piper Sandler increased their price target on shares of Rithm Capital from $11.50 to $12.50 and gave the stock a "neutral" rating in a research report on Friday, February 7th. Finally, B. Riley upgraded shares of Rithm Capital to a "strong-buy" rating in a research note on Tuesday, January 7th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $13.25.

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Rithm Capital Stock Performance

Shares of Rithm Capital stock traded up $0.32 on Friday, reaching $11.46. 6,863,894 shares of the company were exchanged, compared to its average volume of 3,579,080. Rithm Capital has a 1-year low of $10.38 and a 1-year high of $12.20. The firm has a market cap of $5.96 billion, a price-to-earnings ratio of 6.86 and a beta of 1.83. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.35 and a current ratio of 1.09. The company's 50-day moving average is $11.69 and its two-hundred day moving average is $11.23.

Rithm Capital (NYSE:RITM - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping 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, research analysts expect that Rithm Capital will post 1.93 earnings per share for the current fiscal year.

Institutional Trading of Rithm Capital

Large investors have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Rithm Capital in the 3rd quarter valued at $43,000. Quarry LP raised its holdings in Rithm Capital by 47.5% during the 4th quarter. Quarry LP now owns 4,118 shares of the real estate investment trust's stock worth $45,000 after purchasing an additional 1,327 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC lifted its position in 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 period. Quadrant Capital Group LLC grew 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 worth $50,000 after buying an additional 1,211 shares during the period. Finally, C M Bidwell & Associates Ltd. acquired a new stake in shares of Rithm Capital during the 4th quarter worth approximately $81,000. 44.92% of the stock is owned by institutional investors.

About Rithm Capital

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.