Rithm Capital Corp. (NYSE:RITM) Given Consensus Rating of "Buy" by Analysts

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

Several equities analysts have recently issued reports on RITM shares. UBS Group decreased their price target on Rithm Capital from $14.00 to $13.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. 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. Wedbush reissued an "outperform" rating and issued a $14.00 price objective on shares of Rithm Capital in a research note on Monday, May 19th. BTIG Research reiterated a "buy" rating and issued a $16.00 price target on shares of Rithm Capital in a research report on Friday, April 25th. Finally, Jones Trading reiterated a "buy" rating and issued a $12.50 target price on shares of Rithm Capital in a report on Tuesday, April 29th.

Hedge Funds Weigh In On Rithm Capital

Large investors have recently bought and sold shares of the stock. Geneos Wealth Management Inc. lifted its position in shares of Rithm Capital by 14.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 7,031 shares of the real estate investment trust's stock worth $81,000 after buying an additional 881 shares in the last quarter. Sheaff Brock Investment Advisors LLC raised its stake in Rithm Capital by 8.8% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 11,725 shares of the real estate investment trust's stock valued at $134,000 after acquiring an additional 945 shares during the period. 1620 Investment Advisors Inc. raised its stake in Rithm Capital by 2.1% in the 4th quarter. 1620 Investment Advisors Inc. now owns 46,035 shares of the real estate investment trust's stock valued at $499,000 after acquiring an additional 960 shares during the period. Summit Trail Advisors LLC raised its stake in Rithm Capital by 2.0% in the 4th quarter. Summit Trail Advisors LLC now owns 49,380 shares of the real estate investment trust's stock valued at $547,000 after acquiring an additional 967 shares during the period. Finally, Private Advisor Group LLC raised its stake in Rithm Capital by 2.0% in the 1st quarter. Private Advisor Group LLC now owns 50,461 shares of the real estate investment trust's stock valued at $578,000 after acquiring an additional 974 shares during the period. 44.92% of the stock is currently owned by institutional investors.

Rithm Capital Stock Performance

Shares of NYSE RITM traded up $0.08 during trading hours on Friday, reaching $11.23. 398,902 shares of the stock were exchanged, compared to its average volume of 4,017,277. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.35 and a current ratio of 1.09. The firm has a market capitalization of $5.95 billion, a price-to-earnings ratio of 6.72 and a beta of 1.32. The stock's fifty day simple moving average is $10.93 and its 200 day simple moving average is $11.18. Rithm Capital has a 52 week low of $9.13 and a 52 week high of $12.20.

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 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.07. Rithm Capital had a net margin of 17.79% and a return on equity of 18.15%. The business had revenue of $28.89 million for the quarter, compared to analyst estimates of $1.27 billion. During the same period last year, the firm earned $0.48 earnings per share. Sell-side analysts predict that Rithm Capital will post 1.93 EPS for the current year.

Rithm Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 31st were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.00 annualized dividend and a yield of 8.91%. Rithm Capital's payout ratio is 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.