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

Shares of Rithm Capital Corp. (NYSE:RITM) have been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $14.0625.

A number of analysts have recently weighed in on RITM shares. Capital One Financial set a $12.50 price objective on shares of Rithm Capital in a research note on Thursday, April 9th. BTIG Research restated a “buy” rating and issued a $16.00 price objective on shares of Rithm Capital in a research note on Friday, April 10th. Wall Street Zen upgraded shares of Rithm Capital from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Weiss Ratings restated a “hold (c+)” rating on shares of Rithm Capital in a research note on Monday, December 29th. Finally, Piper Sandler reduced their price objective on shares of Rithm Capital from $15.00 to $14.00 and set an “overweight” rating for the company in a research note on Thursday, April 2nd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Louisiana State Employees Retirement System bought a new position in shares of Rithm Capital during the 1st quarter worth about $2,337,000. Fifth Third Wealth Advisors LLC acquired a new stake in Rithm Capital during the first quarter worth about $161,000. Apella Capital LLC acquired a new stake in Rithm Capital during the first quarter worth about $533,000. Murphy & Mullick Capital Management Corp raised its holdings in Rithm Capital by 44.3% in the 1st quarter. Murphy & Mullick Capital Management Corp now owns 8,375 shares of the real estate investment trust’s stock valued at $79,000 after acquiring an additional 2,571 shares in the last quarter. Finally, Silverberg Bernstein Capital Management LLC raised its holdings in Rithm Capital by 74.5% in the 1st quarter. Silverberg Bernstein Capital Management LLC now owns 40,840 shares of the real estate investment trust’s stock valued at $387,000 after acquiring an additional 17,440 shares in the last quarter. Institutional investors own 44.92% of the company’s stock.

Rithm Capital Stock Down 0.6%

Shares of Rithm Capital stock opened at $10.10 on Tuesday. Rithm Capital has a 1 year low of $8.43 and a 1 year high of $12.74. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 2.20. The company has a market cap of $5.64 billion, a P/E ratio of 9.71 and a beta of 1.19. The stock has a 50-day moving average price of $9.85 and a 200 day moving average price of $10.68.

Rithm Capital (NYSE:RITM) last posted its quarterly earnings results on Tuesday, February 3rd. The real estate investment trust reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.19. The business 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, analysts expect that Rithm Capital will post 2.31 EPS for the current fiscal year.

Rithm Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Monday, April 6th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 9.9%. The ex-dividend date of this dividend is Monday, April 6th. Rithm Capital’s payout ratio is currently 96.15%.

Rithm Capital Company Profile

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.