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 nine research firms that are currently covering the stock, Marketbeat Ratings reports. Eight research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $13.61.

Several research firms have commented on RITM. Piper Sandler upgraded shares of Rithm Capital from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $12.50 to $14.00 in a research note on Monday, April 28th. B. Riley raised Rithm Capital to a "strong-buy" rating in a research note on Tuesday, January 7th. BTIG Research reaffirmed a "buy" rating and issued a $16.00 price target on shares of Rithm Capital in a research report on Friday, April 25th. JMP Securities reissued a "market outperform" rating and set a $12.50 price objective on shares of Rithm Capital in a research report on Thursday, January 23rd. Finally, Wedbush restated an "outperform" rating and set a $14.00 target price on shares of Rithm Capital in a research note on Friday, March 28th.

Institutional Investors Weigh In On Rithm Capital

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Sanctuary Advisors LLC grew its position in Rithm Capital by 19.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 18,433 shares of the real estate investment trust's stock worth $202,000 after purchasing an additional 2,988 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Rithm Capital in the third quarter valued at about $43,000. Franklin Resources Inc. increased its stake in Rithm Capital by 0.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,250,401 shares of the real estate investment trust's stock valued at $13,467,000 after purchasing an additional 9,859 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Rithm Capital by 119.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,608,008 shares of the real estate investment trust's stock worth $52,301,000 after buying an additional 2,504,529 shares during the last quarter. Finally, Graypoint LLC purchased a new stake in shares of Rithm Capital in the fourth quarter valued at about $137,000. 44.92% of the stock is currently owned by institutional investors and hedge funds.

Rithm Capital Trading Up 0.9 %

NYSE:RITM traded up $0.10 during trading hours on Tuesday, reaching $11.28. 5,120,687 shares of the stock were exchanged, compared to its average volume of 3,932,110. Rithm Capital has a twelve month low of $9.13 and a twelve month high of $12.20. The company has a quick ratio of 1.35, a current ratio of 1.09 and a debt-to-equity ratio of 1.74. The business has a 50-day moving average of $11.06 and a two-hundred day moving average of $11.10. The company has a market capitalization of $5.98 billion, a price-to-earnings ratio of 6.75 and a beta of 1.36.

Rithm Capital (NYSE:RITM - Get Free Report) last posted its earnings results 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 firm had revenue of $28.89 million for the quarter, compared to analyst estimates of $1.27 billion. Rithm Capital had a return on equity of 18.15% and a net margin of 17.79%. During the same quarter in the prior year, the company earned $0.48 EPS. On average, equities analysts predict that Rithm Capital will post 1.93 EPS for the current year.

Rithm Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st were given a dividend of $0.25 per share. The ex-dividend date was Monday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 8.87%. Rithm Capital's dividend payout ratio is presently 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.