Analysts Set Rithm Capital Corp. (NYSE:RITM) Price Target at $14.50

Rithm Capital Corp. (NYSE:RITM) has earned a consensus rating of “Moderate Buy” from the eight analysts that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $14.50.

A number of equities research analysts have recently commented on the stock. UBS Group set a $15.00 price target on shares of Rithm Capital in a report on Friday, February 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Rithm Capital in a research report on Monday, December 29th. Piper Sandler reiterated an “overweight” rating and set a $15.00 target price (down from $15.50) on shares of Rithm Capital in a research note on Wednesday, February 4th. Wall Street Zen raised Rithm Capital from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Rithm Capital in a research report on Thursday, December 18th.

Institutional Trading of Rithm Capital

Several large investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC boosted its stake in shares of Rithm Capital by 20.4% during the 1st quarter. AQR Capital Management LLC now owns 77,625 shares of the real estate investment trust’s stock worth $889,000 after acquiring an additional 13,166 shares during the last quarter. NewEdge Advisors LLC raised its holdings in Rithm Capital by 5.3% in the 1st quarter. NewEdge Advisors LLC now owns 31,311 shares of the real estate investment trust’s stock worth $359,000 after purchasing an additional 1,585 shares during the period. Goldman Sachs Group Inc. lifted its position in Rithm Capital by 75.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,539,483 shares of the real estate investment trust’s stock valued at $17,627,000 after purchasing an additional 662,585 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in Rithm Capital by 14.3% during the first quarter. Geneos Wealth Management Inc. now owns 7,031 shares of the real estate investment trust’s stock valued at $81,000 after purchasing an additional 881 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in Rithm Capital by 15.5% during the second quarter. Envestnet Asset Management Inc. now owns 125,012 shares of the real estate investment trust’s stock valued at $1,411,000 after purchasing an additional 16,779 shares during the period. 44.92% of the stock is currently owned by institutional investors.

Rithm Capital Price Performance

Shares of NYSE:RITM opened at $9.29 on Friday. The business has a fifty day moving average price of $10.41 and a 200-day moving average price of $10.96. The company has a debt-to-equity ratio of 2.20, a current ratio of 0.58 and a quick ratio of 0.58. The company has a market capitalization of $5.16 billion, a PE ratio of 8.93 and a beta of 1.21. Rithm Capital has a 1-year low of $8.43 and a 1-year high of $12.74.

Rithm Capital (NYSE:RITM) last announced its quarterly earnings data on Tuesday, February 3rd. The real estate investment trust reported $0.74 EPS for the quarter, beating the consensus estimate of $0.55 by $0.19. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.24 billion. Rithm Capital had a net margin of 15.55% and a return on equity of 19.74%. As a group, equities analysts expect that Rithm Capital will post 1.93 EPS for the current fiscal year.

Rithm Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Monday, April 6th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 10.8%. The ex-dividend date is Monday, April 6th. Rithm Capital’s dividend payout ratio is 96.15%.

About Rithm Capital

Rithm Capital Corporation is a specialty finance company that originates, acquires and manages structured credit investments collateralized by real estate assets in the United States. The company focuses primarily on senior floating-rate loans secured by multifamily, commercial, industrial and single-family rental properties, aiming to deliver attractive risk-adjusted yields through a diversified portfolio of floating-rate real estate debt.

In addition to senior loans, Rithm Capital invests in residential mortgage-backed securities, including agency and non-agency pools, as well as other real estate-related credit instruments.