Rithm Capital (NYSE:RITM) Price Target Increased to $12.00 by Analysts at Keefe, Bruyette & Woods

Rithm Capital (NYSE:RITM - Get Free Report) had its price objective increased by investment analysts at Keefe, Bruyette & Woods from $11.50 to $12.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm presently has an "outperform" rating on the real estate investment trust's stock. Keefe, Bruyette & Woods' price objective indicates a potential upside of 13.85% from the company's current price.

RITM has been the topic of a number of other research reports. Argus boosted their target price on Rithm Capital from $11.00 to $12.00 and gave the stock a "buy" rating in a research note on Tuesday, March 5th. JMP Securities boosted their target price on shares of Rithm Capital from $10.50 to $11.00 and gave the company a "market outperform" rating in a report on Thursday, January 18th. Wedbush restated an "outperform" rating and set a $13.00 price target on shares of Rithm Capital in a research report on Monday, February 26th. B. Riley increased their target price on shares of Rithm Capital from $12.00 to $13.00 and gave the stock a "buy" rating in a report on Wednesday, February 21st. Finally, Jonestrading raised their price objective on shares of Rithm Capital from $11.00 to $12.00 and gave the stock a "buy" rating in a report on Thursday, February 22nd. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Rithm Capital presently has an average rating of "Buy" and a consensus target price of $12.00.

Rithm Capital Trading Down 0.1 %

Shares of RITM stock traded down $0.01 during mid-day trading on Tuesday, hitting $10.54. The company's stock had a trading volume of 2,684,321 shares, compared to its average volume of 3,535,940. The company's fifty day simple moving average is $10.79 and its 200-day simple moving average is $10.39. Rithm Capital has a 52 week low of $7.59 and a 52 week high of $11.33. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.30 and a current ratio of 0.30. The company has a market cap of $5.10 billion, a PE ratio of 9.58 and a beta of 1.82.

Rithm Capital (NYSE:RITM - Get Free Report) last issued its earnings results on Wednesday, February 7th. The real estate investment trust reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.16. Rithm Capital had a return on equity of 18.49% and a net margin of 17.15%. The business had revenue of $709.47 million during the quarter, compared to analyst estimates of $887.04 million. During the same period in the previous year, the company posted $0.33 EPS. As a group, equities research analysts expect that Rithm Capital will post 1.69 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Rithm Capital

A number of hedge funds have recently added to or reduced their stakes in RITM. Parkside Financial Bank & Trust grew its position in shares of Rithm Capital by 605.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,489 shares of the real estate investment trust's stock valued at $27,000 after acquiring an additional 2,136 shares during the period. American National Bank purchased a new stake in shares of Rithm Capital during the 4th quarter valued at about $27,000. Raleigh Capital Management Inc. raised its position in shares of Rithm Capital by 125.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 2,986 shares of the real estate investment trust's stock valued at $32,000 after buying an additional 1,661 shares in the last quarter. GAMMA Investing LLC purchased a new stake in shares of Rithm Capital during the 4th quarter valued at about $34,000. Finally, Lazard Asset Management LLC bought a new position in Rithm Capital during the 4th quarter valued at about $34,000. 44.92% of the stock is currently owned by hedge funds and other 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.