Rithm Capital Corp. (NYSE:RITM) Receives $13.56 Average PT from Brokerages

Rithm Capital Corp. (NYSE:RITM - Get Free Report) has been given an average rating of "Buy" by the nine brokerages that are presently covering the company, MarketBeat reports. Eight investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $13.56.

Several brokerages have recently weighed in on RITM. UBS Group decreased their price objective on Rithm Capital from $14.00 to $13.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. BTIG Research reaffirmed a "buy" rating and issued a $16.00 target price on shares of Rithm Capital in a research report on Friday, April 25th. Jones Trading reiterated a "buy" rating and issued a $12.50 price objective on shares of Rithm Capital in a research note on Tuesday, April 29th. Piper Sandler upgraded Rithm Capital from a "neutral" rating to an "overweight" rating and upped their target price for the company from $12.50 to $14.00 in a research report on Monday, April 28th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $13.00 price objective on shares of Rithm Capital in a research note on Tuesday, May 20th.

Hedge Funds Weigh In On Rithm Capital

Several large investors have recently modified their holdings of RITM. SouthState Corp bought a new position in shares of Rithm Capital during the first quarter worth about $25,000. Fourth Dimension Wealth LLC grew its stake in Rithm Capital by 50.0% in the first quarter. Fourth Dimension Wealth LLC now owns 3,000 shares of the real estate investment trust's stock valued at $34,000 after acquiring an additional 1,000 shares during the period. Quarry LP grew its position in 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. Quadrant Capital Group LLC increased its position in shares of Rithm Capital by 35.2% during 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. Finally, SVB Wealth LLC purchased a new stake in shares of Rithm Capital in the first quarter worth approximately $57,000. Institutional investors own 44.92% of the company's stock.

Rithm Capital Trading Up 1.6%

Shares of RITM stock traded up $0.18 on Friday, hitting $11.31. The stock had a trading volume of 3,575,517 shares, compared to its average volume of 4,026,955. Rithm Capital has a twelve month low of $9.13 and a twelve month high of $12.20. The company has a fifty day moving average price of $10.94 and a two-hundred day moving average price of $11.18. The firm has a market cap of $6.00 billion, a P/E ratio of 6.77 and a beta of 1.32. The company has a current ratio of 1.09, a quick ratio of 1.35 and a debt-to-equity ratio of 1.74.

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

Rithm Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 8.84%. The ex-dividend date was Monday, March 31st. Rithm Capital's dividend payout ratio is currently 83.33%.

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.