Rithm Capital (NYSE:RITM) Price Target Increased to $12.50 by Analysts at Keefe, Bruyette & Woods

Rithm Capital (NYSE:RITM) had its target price raised by stock analysts at Keefe, Bruyette & Woods from $12.00 to $12.50 in a research report issued on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 12.01% from the company’s current price.

A number of other analysts also recently issued reports on the company. Jonestrading lifted their target price on Rithm Capital from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $12.00 target price on shares of Rithm Capital in a research report on Monday, April 1st. Wedbush reissued an “outperform” rating and set a $13.00 price target on shares of Rithm Capital in a research report on Monday, February 26th. JMP Securities reissued a “market outperform” rating and set a $11.00 price target on shares of Rithm Capital in a research report on Thursday, April 18th. Finally, Argus boosted their price target on Rithm Capital from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $12.05.

Rithm Capital Price Performance

Shares of RITM remained flat at $11.16 during midday trading on Thursday. The company’s stock had a trading volume of 413,422 shares, compared to its average volume of 3,451,875. The firm has a fifty day moving average of $10.92 and a 200 day moving average of $10.52. Rithm Capital has a 1 year low of $7.59 and a 1 year high of $11.41. The firm has a market capitalization of $5.40 billion, a price-to-earnings ratio of 7.41 and a beta of 1.80. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.12.

Rithm Capital (NYSE:RITM) last released its quarterly earnings results on Wednesday, February 7th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.16. Rithm Capital had a return on equity of 19.38% and a net margin of 19.77%. The firm had revenue of $709.47 million for the quarter, compared to the consensus estimate of $887.04 million. During the same quarter last year, the business posted $0.33 EPS. Analysts forecast that Rithm Capital will post 1.69 EPS for the current fiscal year.

Institutional Investors Weigh In On Rithm Capital

Several institutional investors have recently made changes to their positions in the stock. Parkside Financial Bank & Trust lifted its stake in Rithm Capital by 605.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,489 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 2,136 shares during the last quarter. American National Bank bought a new stake in Rithm Capital during the fourth quarter worth $27,000. Raleigh Capital Management Inc. lifted its stake in Rithm Capital by 125.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 2,986 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 1,661 shares during the last quarter. GAMMA Investing LLC bought a new stake in Rithm Capital during the fourth quarter worth $34,000. Finally, Castleview Partners LLC lifted its stake in Rithm Capital by 690.6% during the third quarter. Castleview Partners LLC now owns 4,016 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 3,508 shares during the last quarter. 44.92% of the stock is currently owned by institutional investors.

Rithm Capital Company Profile

Rithm Capital Corp. operates as an asset manager focused on real estate, credit, and financial services. It operates through Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable, and Asset Management segments. Its investment portfolio primarily comprises of mortgage servicing rights (MSR), and MSR financing receivables, title, appraisal and property preservation, excess MSRs, and services advance investments; real estate securities, call rights, SFR properties, and residential mortgage loans; consumer and business purpose loans; and asset management related investments.