Rithm Capital (NYSE:RITM) Sets New 12-Month High at $11.33

Rithm Capital Corp. (NYSE:RITM - Get Free Report) hit a new 52-week high on Monday . The company traded as high as $11.33 and last traded at $11.27, with a volume of 1206291 shares changing hands. The stock had previously closed at $11.21.

Wall Street Analyst Weigh In

A number of research firms recently commented on RITM. Argus boosted their target price on shares of Rithm Capital from $11.00 to $12.00 and gave the stock a "buy" rating in a report on Tuesday, March 5th. JMP Securities restated a "market outperform" rating and issued a $11.00 target price on shares of Rithm Capital in a report on Thursday, April 18th. B. Riley upped their target price on Rithm Capital from $12.00 to $13.00 and gave the company a "buy" rating in a report on Wednesday, February 21st. Jonestrading boosted their price objective on Rithm Capital from $11.00 to $12.00 and gave the stock a "buy" rating in a report on Thursday, February 22nd. Finally, Keefe, Bruyette & Woods raised their target price on shares of Rithm Capital from $11.50 to $12.00 and gave the stock an "outperform" rating in a report on Tuesday, April 16th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $12.00.

Rithm Capital Stock Up 0.2 %

The business has a 50 day simple moving average of $10.90 and a 200 day simple moving average of $10.51. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.30 and a quick ratio of 0.30. The stock has a market cap of $5.43 billion, a PE ratio of 10.21 and a beta of 1.82.

Rithm Capital (NYSE:RITM - Get Free Report) last released its quarterly earnings data on Wednesday, February 7th. The real estate investment trust reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.16. The firm had revenue of $709.47 million for the quarter, compared to the consensus estimate of $887.04 million. Rithm Capital had a return on equity of 18.49% and a net margin of 17.15%. During the same quarter in the prior year, the company posted $0.33 earnings per share. On average, equities research analysts forecast that Rithm Capital Corp. will post 1.69 EPS for the current fiscal year.

Rithm Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Monday, April 1st were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 8.90%. The ex-dividend date of this dividend was Thursday, March 28th. Rithm Capital's payout ratio is 90.91%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Parkside Financial Bank & Trust increased its stake in shares of Rithm Capital by 605.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,489 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 2,136 shares during the period. American National Bank acquired a new position in shares of Rithm Capital during the fourth quarter worth approximately $27,000. Raleigh Capital Management Inc. boosted its position in shares of Rithm Capital by 125.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 2,986 shares of the real estate investment trust's stock valued at $32,000 after acquiring an additional 1,661 shares during the period. GAMMA Investing LLC acquired a new stake in shares of Rithm Capital in the fourth quarter worth $34,000. Finally, Castleview Partners LLC raised its stake in Rithm Capital by 690.6% during the 3rd quarter. Castleview Partners LLC now owns 4,016 shares of the real estate investment trust's stock valued at $37,000 after purchasing an additional 3,508 shares during the last quarter. 44.92% of the stock is owned by institutional investors.

Rithm Capital Company Profile

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.