Wall Street Zen Upgrades Rithm Capital (NYSE:RITM) to “Buy”

Rithm Capital (NYSE:RITM) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

RITM has been the subject of a number of other research reports. Wedbush began coverage on shares of Rithm Capital in a research note on Monday, December 15th. They issued an “outperform” rating and a $14.00 target price for the company. Weiss Ratings restated a “hold (c+)” rating on shares of Rithm Capital in a research report on Monday, December 29th. Piper Sandler reissued an “overweight” rating and issued a $15.00 price objective (down from $15.50) on shares of Rithm Capital in a research note on Wednesday, February 4th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of Rithm Capital in a report on Thursday, December 18th. Finally, UBS Group set a $15.00 target price on shares of Rithm Capital in a research note on Friday, February 6th. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $14.50.

Rithm Capital Stock Performance

Shares of NYSE:RITM opened at $9.66 on Friday. 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 business’s fifty day moving average price is $10.92 and its two-hundred day moving average price is $11.24. Rithm Capital has a fifty-two week low of $9.13 and a fifty-two week high of $12.74. The stock has a market capitalization of $5.37 billion, a price-to-earnings ratio of 9.29 and a beta of 1.21.

Rithm Capital (NYSE:RITM) last issued its earnings results 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. Rithm Capital had a net margin of 15.55% and a return on equity of 19.74%. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.24 billion. As a group, analysts predict that Rithm Capital will post 1.93 EPS for the current fiscal year.

Institutional Trading of Rithm Capital

A number of institutional investors have recently bought and sold shares of the business. Curi Capital LLC lifted its stake in shares of Rithm Capital by 0.7% in the 2nd quarter. Curi Capital LLC now owns 120,262 shares of the real estate investment trust’s stock valued at $1,358,000 after purchasing an additional 829 shares during the period. Geneos Wealth Management Inc. boosted its position in shares of Rithm Capital by 14.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 7,031 shares of the real estate investment trust’s stock worth $81,000 after purchasing an additional 881 shares during the last quarter. City Holding Co. grew its stake in shares of Rithm Capital by 35.1% during the fourth quarter. City Holding Co. now owns 3,850 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 1,000 shares during the period. Westbourne Investment Advisors Inc. grew its stake in shares of Rithm Capital by 1.8% during the fourth quarter. Westbourne Investment Advisors Inc. now owns 55,500 shares of the real estate investment trust’s stock worth $605,000 after purchasing an additional 1,000 shares during the period. Finally, Fort Sheridan Advisors LLC increased its holdings in Rithm Capital by 0.3% in the fourth quarter. Fort Sheridan Advisors LLC now owns 367,164 shares of the real estate investment trust’s stock valued at $4,002,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 44.92% of the company’s stock.

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.