Brokerages Set Rithm Capital Corp. (NYSE:RITM) PT at $13.56

Shares of Rithm Capital Corp. (NYSE:RITM - Get Free Report) have been given a consensus rating of "Buy" by the nine ratings firms that are currently covering the company, Marketbeat.com reports. Eight research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $13.56.

RITM has been the topic of several research reports. Wedbush reissued an "outperform" rating and issued a $14.00 price objective on shares of Rithm Capital in a research report on Monday, May 19th. Piper Sandler raised shares of Rithm Capital from a "neutral" rating to an "overweight" rating and raised their price target for the company from $12.50 to $14.00 in a report on Monday, April 28th. Jones Trading restated a "buy" rating and issued a $12.50 target price on shares of Rithm Capital in a research note on Tuesday, April 29th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $13.00 price objective on shares of Rithm Capital in a report on Tuesday, May 20th. Finally, UBS Group decreased their target price on shares of Rithm Capital from $14.00 to $13.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th.

Rithm Capital Price Performance

RITM stock traded down $0.13 on Friday, reaching $11.18. 2,170,936 shares of the company's stock were exchanged, compared to its average volume of 4,019,747. 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 twelve month low of $9.13 and a twelve month high of $12.20. The stock has a fifty day moving average of $10.93 and a 200-day moving average of $11.18. The firm has a market cap of $5.92 billion, a PE ratio of 6.70 and a beta of 1.32.

Rithm Capital (NYSE:RITM - Get Free Report) last released its quarterly earnings results on Friday, April 25th. The real estate investment trust reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.07. Rithm Capital had a return on equity of 18.15% and a net margin of 17.79%. The company had revenue of $28.89 million during the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter last year, the business posted $0.48 earnings per share. As a group, equities analysts predict that Rithm Capital will post 1.93 EPS for the current fiscal year.

Rithm Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 8.95%. The ex-dividend date was Monday, March 31st. Rithm Capital's dividend payout ratio is currently 83.33%.

Hedge Funds Weigh In On Rithm Capital

A number of hedge funds have recently modified their holdings of RITM. Vanguard Group Inc. grew its holdings in shares of Rithm Capital by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 49,008,422 shares of the real estate investment trust's stock worth $530,761,000 after purchasing an additional 184,802 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Rithm Capital by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 8,494,199 shares of the real estate investment trust's stock worth $92,021,000 after buying an additional 79,142 shares during the last quarter. Norges Bank acquired a new stake in shares of Rithm Capital in the 4th quarter valued at approximately $76,082,000. Balyasny Asset Management L.P. raised its holdings in Rithm Capital by 48.6% in the fourth quarter. Balyasny Asset Management L.P. now owns 6,535,525 shares of the real estate investment trust's stock worth $70,780,000 after purchasing an additional 2,136,342 shares during the period. Finally, Wellington Management Group LLP grew its holdings in shares of Rithm Capital by 36.3% in the 1st quarter. Wellington Management Group LLP now owns 4,907,737 shares of the real estate investment trust's stock valued at $56,194,000 after buying an additional 1,307,276 shares during the period. 44.92% of the stock is owned by institutional investors and hedge funds.

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.