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

Rithm Capital Corp. (NYSE:RITM) has been assigned an average recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the stock, 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 target price among analysts that have updated their coverage on the stock in the last year is $14.50.

Several research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Rithm Capital in a research note on Monday, December 29th. Wedbush began coverage on shares of Rithm Capital in a research report on Monday, December 15th. They set an “outperform” rating and a $14.00 target price for the company. Piper Sandler reiterated an “overweight” rating and issued a $15.00 price target (down from $15.50) on shares of Rithm Capital in a research report on Wednesday, February 4th. UBS Group set a $15.00 price objective on shares of Rithm Capital in a research note on Friday, February 6th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of Rithm Capital in a research note on Thursday, December 18th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. CoreCap Advisors LLC grew its holdings in shares of Rithm Capital by 99.2% during the fourth quarter. CoreCap Advisors LLC now owns 2,295 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 1,143 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in Rithm Capital during the fourth quarter worth approximately $26,000. Bessemer Group Inc. grew its stake in Rithm Capital by 658.9% in the 3rd quarter. Bessemer Group Inc. now owns 2,656 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 2,306 shares during the period. Cullen Frost Bankers Inc. acquired a new position in Rithm Capital in the 2nd quarter valued at $30,000. Finally, Atlantic Union Bankshares Corp acquired a new position in Rithm Capital in the 3rd quarter valued at $31,000. Institutional investors and hedge funds own 44.92% of the company’s stock.

Rithm Capital Price Performance

RITM stock opened at $10.08 on Monday. The firm has a 50 day moving average of $11.04 and a 200-day moving average of $11.34. The company has a market cap of $5.60 billion, a price-to-earnings ratio of 9.69 and a beta of 1.20. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 2.20. Rithm Capital has a 12-month low of $9.13 and a 12-month high of $12.74.

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

Rithm Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, December 31st were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 9.9%. The ex-dividend date was Wednesday, December 31st. Rithm Capital’s dividend 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.