UBS Group Forecasts Strong Price Appreciation for Rithm Capital (NYSE:RITM) Stock

Key Points

• UBS Group has raised its price target for Rithm Capital's stock from $14.00 to $16.00, predicting a potential upside of 29.38% from its current price.
• Rithm Capital's stock boasts a consensus rating of “Buy” from analysts, with one analyst rating it as “Strong Buy” and an average target price of $14.25.
• The company reported earnings of $0.54 EPS for the last quarter, surpassing analysts' expectations, and has a market capitalization of $6.56 billion.

Rithm Capital (NYSE:RITM - Get Free Report) had its price objective hoisted by research analysts at UBS Group from $14.00 to $16.00 in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. The brokerage presently has a "buy" rating on the real estate investment trust's stock. UBS Group's price target would indicate a potential upside of 26.93% from the stock's previous close.

RITM has been the subject of a number of other reports. Keefe, Bruyette & Woods increased their target price on shares of Rithm Capital from $13.50 to $14.00 and gave the company an "outperform" rating in a research report on Tuesday, July 29th. Wedbush reiterated an "outperform" rating and issued a $14.00 target price on shares of Rithm Capital in a research note on Wednesday, August 6th. Jones Trading raised their price objective on shares of Rithm Capital from $12.50 to $13.50 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Finally, Royal Bank Of Canada lifted their target price on shares of Rithm Capital from $13.00 to $14.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $14.25.

Rithm Capital Stock Up 0.4%

Shares of RITM traded up $0.05 on Wednesday, reaching $12.61. The company's stock had a trading volume of 4,949,686 shares, compared to its average volume of 4,939,353. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 1.63. The stock has a market capitalization of $6.68 billion, a PE ratio of 9.70 and a beta of 1.30. Rithm Capital has a twelve month low of $9.13 and a twelve month high of $12.74. The firm has a fifty day moving average of $12.11 and a 200-day moving average of $11.52.

Rithm Capital (NYSE:RITM - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $0.54 EPS for the quarter, beating the consensus estimate of $0.51 by $0.03. The firm 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 18.89%. Equities analysts predict that Rithm Capital will post 1.93 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. KBC Group NV raised its holdings in Rithm Capital by 24.0% in the first quarter. KBC Group NV now owns 22,846 shares of the real estate investment trust's stock worth $262,000 after buying an additional 4,423 shares during the last quarter. Edgestream Partners L.P. boosted its position in shares of Rithm Capital by 341.5% in the first quarter. Edgestream Partners L.P. now owns 688,882 shares of the real estate investment trust's stock worth $7,888,000 after purchasing an additional 532,866 shares during the period. Amalgamated Bank boosted its position in shares of Rithm Capital by 5.9% in the first quarter. Amalgamated Bank now owns 27,064 shares of the real estate investment trust's stock worth $310,000 after purchasing an additional 1,502 shares during the period. Bleakley Financial Group LLC boosted its position in shares of Rithm Capital by 197.1% during the first quarter. Bleakley Financial Group LLC now owns 36,428 shares of the real estate investment trust's stock worth $417,000 after acquiring an additional 24,166 shares during the last quarter. Finally, Northern Trust Corp boosted its position in shares of Rithm Capital by 29.6% during the fourth quarter. Northern Trust Corp now owns 3,284,237 shares of the real estate investment trust's stock worth $35,568,000 after acquiring an additional 750,656 shares during the last quarter. 44.92% of the stock is owned by hedge funds and other institutional investors.

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.