Rithm Capital Corp. (NYSE:RITM) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Rithm Capital Corp. (NYSE:RITM) have earned a consensus rating of “Moderate Buy” from the nine analysts that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $12.67.

Several research analysts have commented on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $13.00 price objective on shares of Rithm Capital in a research report on Tuesday, August 13th. Wedbush reaffirmed an “outperform” rating and set a $13.00 target price on shares of Rithm Capital in a research report on Friday, August 16th. Finally, JMP Securities lifted their target price on Rithm Capital from $11.00 to $12.50 and gave the stock a “market outperform” rating in a research report on Friday, July 19th.

Hedge Funds Weigh In On Rithm Capital

A number of hedge funds have recently bought and sold shares of RITM. Clear Street Markets LLC grew its stake in Rithm Capital by 810.0% in the fourth quarter. Clear Street Markets LLC now owns 27,300 shares of the real estate investment trust’s stock worth $292,000 after purchasing an additional 24,300 shares in the last quarter. Fort Sheridan Advisors LLC boosted its stake in Rithm Capital by 4.3% in the fourth quarter. Fort Sheridan Advisors LLC now owns 207,923 shares of the real estate investment trust’s stock valued at $2,221,000 after acquiring an additional 8,500 shares during the period. Bluefin Capital Management LLC acquired a new position in Rithm Capital in the fourth quarter valued at approximately $504,000. Raleigh Capital Management Inc. boosted its stake in Rithm Capital by 125.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 2,986 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 1,661 shares during the period. Finally, Chicago Partners Investment Group LLC boosted its stake in Rithm Capital by 36.7% in the fourth quarter. Chicago Partners Investment Group LLC now owns 38,132 shares of the real estate investment trust’s stock valued at $418,000 after acquiring an additional 10,236 shares during the period. 44.92% of the stock is currently owned by institutional investors and hedge funds.

Rithm Capital Trading Up 0.8 %

NYSE:RITM opened at $10.86 on Friday. The business’s 50-day moving average is $11.36 and its two-hundred day moving average is $11.19. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.49 and a quick ratio of 0.49. Rithm Capital has a 12 month low of $8.87 and a 12 month high of $12.02. The firm has a market capitalization of $5.25 billion, a PE ratio of 7.24 and a beta of 1.80.

Rithm Capital (NYSE:RITM) last released its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.47 EPS for the quarter, beating the consensus estimate of $0.42 by $0.05. Rithm Capital had a return on equity of 18.04% and a net margin of 15.55%. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period last year, the company posted $0.62 earnings per share. The firm’s revenue was up 18.4% compared to the same quarter last year. Research analysts predict that Rithm Capital will post 1.82 earnings per share for the current fiscal year.

Rithm Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 1st will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $1.00 dividend on an annualized basis and a yield of 9.21%. Rithm Capital’s dividend payout ratio (DPR) is 66.67%.

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.