Weiss Ratings Reaffirms Buy (B) Rating for Rithm Capital (NYSE:RITM)

Rithm Capital (NYSE:RITM - Get Free Report)'s stock had its "buy (b)" rating reaffirmed by analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Several other research firms have also recently issued reports on RITM. Keefe, Bruyette & Woods boosted their price objective 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. Royal Bank Of Canada upped their price target 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. UBS Group upped their price target on shares of Rithm Capital from $14.00 to $16.00 and gave the stock a "buy" rating in a research report on Wednesday, September 3rd. BTIG Research reaffirmed a "buy" rating and issued a $16.00 price target on shares of Rithm Capital in a research report on Wednesday, September 17th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $14.00 price target on shares of Rithm Capital in a research report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $14.25.

Rithm Capital Price Performance

Rithm Capital stock opened at $10.95 on Wednesday. The stock has a market cap of $5.81 billion, a price-to-earnings ratio of 8.42 and a beta of 1.31. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.40 and a quick ratio of 0.40. Rithm Capital has a 1 year low of $9.13 and a 1 year high of $12.74. The firm has a 50-day moving average of $12.08 and a two-hundred day moving average of $11.53.

Rithm Capital (NYSE:RITM - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.03. The company had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.18 billion. Rithm Capital had a net margin of 16.72% and a return on equity of 18.89%. On average, 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 modified their holdings of the company. SouthState Corp acquired a new position in Rithm Capital during the 1st quarter valued at approximately $25,000. Cullen Frost Bankers Inc. acquired a new position in Rithm Capital during the 2nd quarter valued at approximately $30,000. Fourth Dimension Wealth LLC increased its stake in Rithm Capital by 50.0% during 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 purchasing an additional 1,000 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in Rithm Capital during the 2nd quarter valued at approximately $43,000. Finally, SVB Wealth LLC acquired a new position in Rithm Capital during the 1st quarter valued at approximately $57,000. Institutional investors own 44.92% of the company's stock.

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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