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

Rithm Capital Corp. (NYSE:RITM) has earned a consensus rating of “Moderate Buy” from the eleven brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $13.15.

Several equities analysts recently issued reports on RITM shares. Compass Point began coverage on Rithm Capital in a research report on Monday, June 8th. They issued a “buy” rating and a $14.00 price objective on the stock. Citigroup restated an “outperform” rating on shares of Rithm Capital in a research note on Wednesday, May 20th. UBS Group lowered their price target on Rithm Capital from $14.50 to $14.00 and set a “buy” rating on the stock in a report on Friday, August 21st. Weiss Ratings raised Rithm Capital from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 25th. Finally, BTIG Research lowered their target price on shares of Rithm Capital from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Tuesday, June 16th.

Insiders Place Their Bets

In other Rithm Capital news, Director Peggy Hebard sold 14,520 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $10.18, for a total transaction of $147,813.60. Following the completion of the sale, the director directly owned 82,259 shares in the company, valued at approximately $837,396.62. The trade was a 15.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.57% of the company’s stock.

Institutional Trading of Rithm Capital

Large investors have recently modified their holdings of the company. Los Angeles Capital Management LLC purchased a new stake in shares of Rithm Capital during the 4th quarter valued at about $26,000. Garton & Associates Financial Advisors LLC bought a new stake in Rithm Capital during the fourth quarter valued at approximately $31,000. Altshuler Shaham Ltd increased its holdings in Rithm Capital by 100.0% during the first quarter. Altshuler Shaham Ltd now owns 3,600 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 1,800 shares during the last quarter. Bogart Wealth LLC increased its holdings in Rithm Capital by 108.5% during the first quarter. Bogart Wealth LLC now owns 4,120 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 2,144 shares during the last quarter. Finally, Sound Income Strategies LLC bought a new position in Rithm Capital in the first quarter worth approximately $41,000. Institutional investors own 44.92% of the company’s stock.

Rithm Capital Trading Down 2.0%

RITM opened at $9.66 on Friday. The company has a debt-to-equity ratio of 2.19, a current ratio of 0.76 and a quick ratio of 0.76. The firm has a market capitalization of $5.39 billion, a price-to-earnings ratio of 16.10, a PEG ratio of 0.62 and a beta of 1.12. The business has a 50 day simple moving average of $9.78 and a two-hundred day simple moving average of $9.62. Rithm Capital has a one year low of $8.43 and a one year high of $12.68.

Rithm Capital (NYSE:RITM) last announced its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.60 EPS for the quarter, beating the consensus estimate of $0.50 by $0.10. Rithm Capital had a return on equity of 19.86% and a net margin of 9.20%. Analysts predict that Rithm Capital will post 2.26 EPS for the current year.

Rithm Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Thursday, July 2nd were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 10.4%. The ex-dividend date of this dividend was Thursday, July 2nd. Rithm Capital’s payout ratio is 166.67%.

About Rithm Capital

Rithm Capital Corporation (NYSE:RITM) is a real estate investment trust that focuses on investments and operating businesses tied to the residential mortgage and real estate markets. The company seeks to generate income from mortgage servicing rights, residential mortgage loans, mortgage-backed securities and other related assets.

Rithm also owns and operates businesses involved in mortgage origination, servicing and related financial services. Its platform includes Newrez, a mortgage company that provides loan origination, servicing and associated services to homeowners and borrowers in the United States.