Rithm Capital (NYSE:RITM) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Key Points

• Rithm Capital had its price target increased from $13.50 to $14.00 by Keefe, Bruyette & Woods, reflecting a potential upside of 14.15% from its current stock price.
• Multiple brokerages have issued positive ratings for Rithm Capital, with an average price target of $13.88 and a consensus rating of "Buy" based on recent assessments.
• Rithm Capital reported a quarterly earnings per share of $0.54, surpassing expectations and contributing to its net margin of 15.06% and return on equity of 18.38%.

Rithm Capital (NYSE:RITM - Get Free Report) had its target price increased by analysts at Keefe, Bruyette & Woods from $13.50 to $14.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an "outperform" rating on the real estate investment trust's stock. Keefe, Bruyette & Woods' price target would suggest a potential upside of 16.18% from the company's current price.

A number of other analysts have also weighed in on RITM. Wedbush reaffirmed an "outperform" rating and issued a $14.00 price target on shares of Rithm Capital in a research note on Monday, May 19th. UBS Group reissued a "buy" rating and set a $14.00 target price (up from $13.00) on shares of Rithm Capital in a research note on Tuesday, July 15th. BTIG Research reissued a "buy" rating and set a $16.00 target price on shares of Rithm Capital in a research note on Friday, April 25th. Jones Trading increased their target price on shares of Rithm Capital from $12.50 to $13.50 and gave the company a "buy" rating in a research note on Tuesday. Finally, Piper Sandler raised shares of Rithm Capital from a "neutral" rating to an "overweight" rating and increased their target price for the company from $12.50 to $14.00 in a research note on Monday, April 28th. Eight analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $14.00.

Rithm Capital Stock Performance

Rithm Capital stock traded up $0.02 during midday trading on Tuesday, reaching $12.05. 4,239,371 shares of the stock traded hands, compared to its average volume of 4,076,078. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 1.68. The firm has a fifty day moving average price of $11.57 and a two-hundred day moving average price of $11.39. The firm has a market cap of $6.39 billion, a price-to-earnings ratio of 9.27 and a beta of 1.25. Rithm Capital has a fifty-two week low of $9.13 and a fifty-two week high of $12.59.

Rithm Capital (NYSE:RITM - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.51 by $0.03. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.18 billion. Rithm Capital had a net margin of 16.72% and a return on equity of 19.07%. On average, equities research analysts forecast that Rithm Capital will post 1.93 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in RITM. SouthState Corp acquired a new position in Rithm Capital in the 1st quarter valued at approximately $25,000. Cullen Frost Bankers Inc. acquired a new position in Rithm Capital in the 2nd quarter valued at approximately $30,000. Fourth Dimension Wealth LLC increased its stake in Rithm Capital by 50.0% in the 1st quarter. Fourth Dimension Wealth LLC now owns 3,000 shares of the real estate investment trust's stock valued at $34,000 after buying an additional 1,000 shares during the period. Ameritas Advisory Services LLC bought a new stake in Rithm Capital in the second quarter worth approximately $43,000. Finally, Quarry LP grew its position in Rithm Capital by 47.5% in the fourth quarter. Quarry LP now owns 4,118 shares of the real estate investment trust's stock worth $45,000 after acquiring an additional 1,327 shares in the last quarter. Institutional investors and hedge funds own 44.92% of the company's stock.

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.