Brokerages Set Rithm Capital Corp. (NYSE:RITM) PT at $13.25

Shares of Rithm Capital Corp. (NYSE:RITM) have been given a consensus recommendation of “Buy” by the six analysts that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $13.25.

Several equities analysts have recently commented on the company. B. Riley upgraded Rithm Capital to a “strong-buy” rating in a research note on Tuesday, January 7th. Piper Sandler raised their target price on Rithm Capital from $11.50 to $12.50 and gave the stock a “neutral” rating in a report on Friday, February 7th. Keefe, Bruyette & Woods raised their target price on Rithm Capital from $13.00 to $13.50 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Royal Bank of Canada reiterated an “outperform” rating and set a $13.00 price objective on shares of Rithm Capital in a research note on Thursday, November 21st. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $12.50 price target on shares of Rithm Capital in a report on Thursday, January 23rd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RITM. Truvestments Capital LLC acquired a new stake in Rithm Capital during the third quarter worth about $43,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Rithm Capital during the third quarter valued at $43,000. Quarry LP increased its holdings in shares of Rithm Capital by 47.5% in the 4th quarter. Quarry LP now owns 4,118 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 1,327 shares during the period. Householder Group Estate & Retirement Specialist LLC increased its stake in shares of Rithm Capital by 86.7% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 4,439 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 2,062 shares during the last quarter. Finally, Quadrant Capital Group LLC grew 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 acquiring an additional 1,211 shares in the last quarter. 44.92% of the stock is currently owned by hedge funds and other institutional investors.

Rithm Capital Stock Performance

Shares of RITM stock opened at $11.43 on Monday. The company has a 50 day moving average price of $11.52 and a 200-day moving average price of $11.23. The firm has a market capitalization of $5.95 billion, a PE ratio of 6.84 and a beta of 1.83. 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 $10.38 and a 52 week high of $12.20.

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

Rithm Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.00 annualized dividend and a yield of 8.75%. Rithm Capital’s dividend payout ratio is presently 59.88%.

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.