Rithm Capital’s (RITM) Outperform Rating Reiterated at Wedbush

Wedbush reaffirmed their outperform rating on shares of Rithm Capital (NYSE:RITM) in a research note issued to investors on Friday,Benzinga reports. Wedbush currently has a $14.00 price target on the real estate investment trust’s stock. Wedbush also issued estimates for Rithm Capital’s Q1 2025 earnings at $0.46 EPS, Q2 2025 earnings at $0.48 EPS, Q3 2025 earnings at $0.49 EPS, Q4 2025 earnings at $0.53 EPS, FY2025 earnings at $1.96 EPS and FY2026 earnings at $2.03 EPS.

RITM has been the topic of a number of other research reports. B. Riley upgraded Rithm Capital to a “strong-buy” rating in a research report on Tuesday, January 7th. Piper Sandler increased their price objective on shares of Rithm Capital from $11.50 to $12.50 and gave the stock a “neutral” rating in a research note on Friday, February 7th. JMP Securities restated a “market outperform” rating and set a $12.50 target price on shares of Rithm Capital in a research report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods upped their price target on shares of Rithm Capital from $13.00 to $13.50 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $13.25.

Rithm Capital Trading Down 2.1 %

NYSE RITM opened at $11.39 on Friday. Rithm Capital has a 12-month low of $10.38 and a 12-month high of $12.20. The company has a fifty day simple moving average of $11.69 and a two-hundred day simple moving average of $11.23. The company has a current ratio of 1.09, a quick ratio of 1.35 and a debt-to-equity ratio of 1.74. The stock has a market cap of $5.93 billion, a P/E ratio of 6.82 and a beta of 1.83.

Rithm Capital (NYSE:RITM) last issued its earnings results on Thursday, February 6th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.16. Rithm Capital had a return on equity of 18.15% and a net margin of 17.79%. On average, analysts forecast that Rithm Capital will post 1.93 earnings per share for the current year.

Rithm Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 8.78%. The ex-dividend date is Monday, March 31st. Rithm Capital’s dividend payout ratio (DPR) is presently 59.88%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Rithm Capital during the 4th quarter valued at about $76,082,000. JPMorgan Chase & Co. grew its holdings in Rithm Capital by 119.1% in the third quarter. JPMorgan Chase & Co. now owns 4,608,008 shares of the real estate investment trust’s stock valued at $52,301,000 after purchasing an additional 2,504,529 shares during the period. Azora Capital LP increased its position in shares of Rithm Capital by 107.6% in the third quarter. Azora Capital LP now owns 4,383,821 shares of the real estate investment trust’s stock valued at $49,756,000 after buying an additional 2,271,671 shares in the last quarter. Balyasny Asset Management L.P. raised its stake in shares of Rithm Capital by 48.6% during the 4th quarter. Balyasny Asset Management L.P. now owns 6,535,525 shares of the real estate investment trust’s stock worth $70,780,000 after buying an additional 2,136,342 shares during the period. Finally, Soros Fund Management LLC purchased a new position in shares of Rithm Capital during the 3rd quarter valued at approximately $23,835,000. Hedge funds and other 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.