Rithm Capital Corp. (NYSE:RITM) Receives $14.50 Consensus PT from Analysts

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

Several analysts have commented on the company. Wedbush assumed coverage on Rithm Capital in a report on Monday, December 15th. They issued an “outperform” rating and a $14.00 price objective on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Rithm Capital in a research report on Monday, December 29th. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Rithm Capital in a research note on Thursday, December 18th. UBS Group set a $15.00 price target on shares of Rithm Capital in a report on Friday, February 6th. Finally, Wall Street Zen upgraded shares of Rithm Capital from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th.

Rithm Capital Stock Down 3.3%

RITM opened at $8.73 on Friday. The company has a fifty day moving average of $10.58 and a two-hundred day moving average of $11.04. The stock has a market capitalization of $4.85 billion, a price-to-earnings ratio of 8.40 and a beta of 1.21. Rithm Capital has a fifty-two week low of $8.43 and a fifty-two week high of $12.74. The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.58 and a current ratio of 0.58.

Rithm Capital (NYSE:RITM) last announced its quarterly earnings results 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 analyst estimates of $1.24 billion. Rithm Capital had a return on equity of 19.74% and a net margin of 15.55%. On average, research analysts expect that Rithm Capital will post 1.93 earnings per share for the current year.

Institutional Investors Weigh In On Rithm Capital

Institutional investors have recently bought and sold shares of the company. Waterfall Asset Management LLC raised its stake in Rithm Capital by 169.7% in the 3rd quarter. Waterfall Asset Management LLC now owns 360,573 shares of the real estate investment trust’s stock valued at $4,115,000 after purchasing an additional 226,859 shares during the last quarter. AIA Group Ltd grew its holdings in shares of Rithm Capital by 86.9% during the third quarter. AIA Group Ltd now owns 326,436 shares of the real estate investment trust’s stock worth $3,718,000 after buying an additional 151,733 shares in the last quarter. Public Sector Pension Investment Board acquired a new stake in shares of Rithm Capital in the third quarter valued at about $1,519,000. Envestnet Asset Management Inc. raised its position in shares of Rithm Capital by 246.8% in the third quarter. Envestnet Asset Management Inc. now owns 433,567 shares of the real estate investment trust’s stock valued at $4,938,000 after buying an additional 308,555 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Rithm Capital by 16.6% in the second quarter. JPMorgan Chase & Co. now owns 1,415,844 shares of the real estate investment trust’s stock worth $15,985,000 after buying an additional 201,720 shares in the last quarter. 44.92% of the stock is currently owned by institutional investors and hedge funds.

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.