Rithm Capital Corp. (NYSE:RITM - Get Free Report) has received a consensus recommendation of "Buy" from the eight brokerages that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $12.94.
RITM has been the subject of several research analyst reports. 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. Wedbush reaffirmed an "outperform" rating and issued a $14.00 target price on shares of Rithm Capital in a research note on Thursday, November 7th. B. Riley raised Rithm Capital to a "strong-buy" rating in a research note on Tuesday, January 7th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $13.00 price objective on shares of Rithm Capital in a research report on Thursday, November 21st.
Read Our Latest Research Report on RITM
RITM stock opened at $11.34 on Friday. Rithm Capital has a 1-year low of $9.97 and a 1-year high of $12.02. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.63. The firm has a market cap of $5.89 billion, a PE ratio of 11.45 and a beta of 1.79. The business's 50-day moving average price is $10.98 and its two-hundred day moving average price is $11.11.
Rithm Capital (NYSE:RITM - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.12. Rithm Capital had a return on equity of 17.54% and a net margin of 14.99%. The business had revenue of $619.51 million for the quarter, compared to analysts' expectations of $1.11 billion. During the same quarter in the previous year, the business posted $0.58 EPS. As a group, research analysts forecast that Rithm Capital will post 1.95 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a dividend of $0.25 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.00 annualized dividend and a yield of 8.82%. Rithm Capital's payout ratio is presently 101.01%.
Institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Rithm Capital by 154.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,513 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 1,525 shares during the period. Truvestments Capital LLC acquired a new position in Rithm Capital during the third quarter worth approximately $43,000. Wilmington Savings Fund Society FSB bought a new stake in Rithm Capital in the third quarter valued at approximately $43,000. Householder Group Estate & Retirement Specialist LLC lifted its position in shares of Rithm Capital by 86.7% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 4,439 shares of the real estate investment trust's stock valued at $48,000 after buying an additional 2,062 shares during the last quarter. Finally, Godsey & Gibb Inc. bought a new position in shares of Rithm Capital during the 3rd quarter worth approximately $51,000. Institutional investors and hedge funds own 44.92% of the company's stock.
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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