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

Shares of Rithm Capital Corp. (NYSE:RITM) have earned an average recommendation of “Moderate Buy” from the ten brokerages that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation and nine have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $13.6111.

A number of brokerages have weighed in on RITM. Keefe, Bruyette & Woods reduced their target price on Rithm Capital from $14.00 to $13.00 and set an “outperform” rating on the stock in a report on Friday, May 1st. Wall Street Zen downgraded Rithm Capital from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Royal Bank Of Canada reduced their target price on Rithm Capital from $14.00 to $13.00 and set an “outperform” rating on the stock in a report on Friday, May 1st. Weiss Ratings downgraded Rithm Capital from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, May 26th. Finally, JonesTrading reaffirmed a “buy” rating and issued a $13.50 target price on shares of Rithm Capital in a report on Tuesday, April 28th.

Insider Buying and Selling at Rithm Capital

In related news, Director David Saltzman sold 80,922 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $9.25, for a total transaction of $748,528.50. Following the sale, the director owned 44,248 shares of the company’s stock, valued at $409,294. This trade represents a 64.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.57% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Rithm Capital

Several hedge funds have recently modified their holdings of the company. Curi Capital LLC boosted its holdings in shares of Rithm Capital by 0.7% during 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 acquiring an additional 829 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Rithm Capital by 14.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 7,031 shares of the real estate investment trust’s stock valued at $81,000 after acquiring an additional 881 shares in the last quarter. City Holding Co. boosted its holdings in shares of Rithm Capital by 35.1% during the 4th quarter. City Holding Co. now owns 3,850 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 1,000 shares in the last quarter. Westbourne Investment Advisors Inc. boosted its holdings in shares of Rithm Capital by 1.8% during the 4th quarter. Westbourne Investment Advisors Inc. now owns 55,500 shares of the real estate investment trust’s stock valued at $605,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Fort Sheridan Advisors LLC boosted its holdings in shares of Rithm Capital by 0.3% during the 4th quarter. Fort Sheridan Advisors LLC now owns 367,164 shares of the real estate investment trust’s stock valued at $4,002,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 44.92% of the company’s stock.

Rithm Capital Trading Up 1.7%

Shares of RITM stock opened at $9.26 on Wednesday. The stock’s fifty day moving average price is $9.58 and its two-hundred day moving average price is $10.42. The company has a market cap of $5.17 billion, a PE ratio of 8.49 and a beta of 1.14. 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 4.02, a quick ratio of 1.28 and a current ratio of 1.28.

Rithm Capital (NYSE:RITM) last issued its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.02). The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.27 billion. Rithm Capital had a net margin of 14.44% and a return on equity of 19.48%. Equities analysts predict that Rithm Capital will post 2.27 EPS for the current fiscal year.

Rithm Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Monday, April 6th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, April 6th. This represents a $1.00 annualized dividend and a dividend yield of 10.8%. Rithm Capital’s dividend payout ratio (DPR) is 91.74%.

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.