Rithm Capital Corp. (NYSE:RITM) Given Average Recommendation of "Buy" by Brokerages

Key Points

• Rithm Capital Corp. (NYSE:RITM) has received an average analyst rating of "Buy", with eight analysts recommending a buy and one a strong buy, reflecting positive market sentiment.
• The company reported earnings of $0.54 per share for the last quarter, surpassing analyst estimates of $0.51, alongside revenues of $1.22 billion against an expected $1.18 billion.
• Rithm Capital declared a quarterly dividend of $0.25, yielding approximately 8.1%, indicating a robust return for investors despite a payout ratio of 76.92%.

Shares of Rithm Capital Corp. (NYSE:RITM - Get Free Report) have been assigned an average rating of "Buy" from the nine analysts that are presently covering the firm, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $14.25.

A number of research analysts have recently commented on RITM shares. Wedbush reissued an "outperform" rating and issued a $14.00 price objective on shares of Rithm Capital in a research report on Wednesday, August 6th. UBS Group boosted their target price on shares of Rithm Capital from $14.00 to $16.00 and gave the stock a "buy" rating in a report on Wednesday. Jones Trading upped their price objective on shares of Rithm Capital from $12.50 to $13.50 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Keefe, Bruyette & Woods upped their price objective on shares of Rithm Capital from $13.50 to $14.00 and gave the stock an "outperform" rating in a report on Tuesday, July 29th. Finally, Royal Bank Of Canada upped their target price on shares of Rithm Capital from $13.00 to $14.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st.

Institutional Trading of Rithm Capital

Large investors have recently added to or reduced their stakes in the stock. SouthState Corp purchased a new position in shares of Rithm Capital in the 1st quarter worth about $25,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Rithm Capital during the 2nd quarter worth approximately $30,000. Fourth Dimension Wealth LLC raised its holdings in Rithm Capital by 50.0% during the 1st quarter. Fourth Dimension Wealth LLC now owns 3,000 shares of the real estate investment trust's stock valued at $34,000 after buying an additional 1,000 shares during the period. Ameritas Advisory Services LLC purchased a new stake in Rithm Capital in the second quarter worth $43,000. Finally, SVB Wealth LLC bought a new position in shares of Rithm Capital during the 1st quarter worth $57,000. Institutional investors own 44.92% of the company's stock.

Rithm Capital Trading Up 0.8%

NYSE RITM traded up $0.10 during trading hours on Monday, hitting $12.45. The company's stock had a trading volume of 2,437,841 shares, compared to its average volume of 4,558,511. The stock has a fifty day moving average of $12.07 and a 200 day moving average of $11.51. Rithm Capital has a twelve month low of $9.13 and a twelve month high of $12.61. The firm has a market capitalization of $6.60 billion, a P/E ratio of 9.58 and a beta of 1.30. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.63.

Rithm Capital (NYSE:RITM - Get Free Report) last posted its earnings results on Monday, July 28th. The real estate investment trust reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.03. Rithm Capital had a net margin of 16.72% and a return on equity of 18.89%. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.18 billion. Equities research analysts forecast that Rithm Capital will post 1.93 earnings per share for the current fiscal year.

Rithm Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 30th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 8.0%. The ex-dividend date of this dividend was Monday, June 30th. Rithm Capital's dividend payout ratio (DPR) is currently 76.92%.

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.