Rithm Capital Corp. (NYSE:RITM) Receives Consensus Rating of "Buy" from Analysts

Rithm Capital Corp. (NYSE:RITM - Get Free Report) has earned a consensus rating of "Buy" from the eight brokerages that are presently covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $13.43.

RITM has been the subject of a number of recent research reports. UBS Group reduced their price objective on shares of Rithm Capital from $14.00 to $13.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. B. Riley upgraded shares of Rithm Capital to a "strong-buy" rating in a research note on Tuesday, January 7th. Piper Sandler upgraded shares of Rithm Capital from a "neutral" rating to an "overweight" rating and raised their target price for the company from $12.50 to $14.00 in a research note on Monday. BTIG Research reiterated a "buy" rating and issued a $16.00 target price on shares of Rithm Capital in a research note on Friday. Finally, JMP Securities reiterated a "market outperform" rating and issued a $12.50 target price on shares of Rithm Capital in a research note on Thursday, January 23rd.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of RITM. Fourth Dimension Wealth LLC increased its holdings in shares of Rithm Capital by 50.0% during the first quarter. Fourth Dimension Wealth LLC now owns 3,000 shares of the real estate investment trust's stock worth $34,000 after purchasing an additional 1,000 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Rithm Capital during the third quarter worth approximately $43,000. Quarry LP increased its holdings in shares of Rithm Capital by 47.5% during the fourth quarter. Quarry LP now owns 4,118 shares of the real estate investment trust's stock worth $45,000 after purchasing an additional 1,327 shares during the period. Householder Group Estate & Retirement Specialist LLC increased its holdings in shares of Rithm Capital by 86.7% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 4,439 shares of the real estate investment trust's stock worth $48,000 after purchasing an additional 2,062 shares during the period. Finally, Quadrant Capital Group LLC increased its holdings 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 purchasing an additional 1,211 shares during the period. 44.92% of the stock is owned by institutional investors.

Rithm Capital Stock Performance

Shares of RITM stock opened at $10.96 on Tuesday. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.35 and a current ratio of 1.09. Rithm Capital has a 52 week low of $9.13 and a 52 week high of $12.20. The company has a market capitalization of $5.81 billion, a P/E ratio of 6.56 and a beta of 1.36. The company's 50 day moving average price is $11.12 and its two-hundred day moving average price is $11.09.

Rithm Capital (NYSE:RITM - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $28.89 million during the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the prior year, the business posted $0.48 EPS. On average, analysts expect that Rithm Capital will post 1.93 earnings per share for the current fiscal year.

Rithm Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be issued a $0.25 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.00 annualized dividend and a yield of 9.12%. Rithm Capital's dividend payout ratio is currently 83.33%.

About Rithm Capital

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.

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