Rithm Capital (NYSE:RITM) Earns an Outperform Rating from Wedbush

Wedbush restated their outperform rating on the stock Rithm Capital (NYSE:RITM – Free Report) in a research note published on Friday morning, MarketBeat Ratings reports. Wedbush currently has a $13.00 price objective on the real estate investment trust’s stock. Wedbush also issued estimates for Rithm Capital’s 2025 earnings at $1.85 EPS.

A number of other equities research analysts have also weighed in on RITM. Keefe, Bruyette & Woods boosted their price target on Rithm Capital from $12.00 to $12.50 and gave the stock an outperform rating in a research note on Thursday, May 2nd. Piper Sandler upped their target price on shares of Rithm Capital from $10.50 to $12.50 and gave the company a neutral rating in a research note on Tuesday, May 14th. JMP Securities upped their target price on shares of Rithm Capital from $11.00 to $12.50 and gave the stock a market outperform rating in a report on Friday, July 19th. B. Riley reissued a buy rating and set a $14.00 price objective (up from $13.00) on shares of Rithm Capital in a report on Friday, May 10th. Finally, Royal Bank of Canada restated an outperform rating and issued a $13.00 target price on shares of Rithm Capital in a research note on Tuesday, August 13th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of Moderate Buy and a consensus price target of $12.55, according to MarketBeat.com.

Get the latest stock report on Rithm Capital

Rithm Capital Stock Performance

Shares of Rithm Capital stock opened at $11.44 on Friday. The company has a 50 day simple moving average of $11.12 and a two hundred day simple moving average of $11.00. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29, and a current ratio of 0.29. Rithm Capital has a one year low of $8.87 and a one year high of $11.85. The company has a market cap of $5.53 billion, a PE ratio of 7.63 and a beta of 1.82.

Rithm Capital (NYSE:RITM – Get Your Free Report ) last announced its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.05. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.15 billion. Rithm Capital had a net margin of 15.55% and a return on equity of 18.20%. Rithm Capital’s revenue was up 18.4% compared to the same quarter last year. In the same period last year, the firm earned $0.62 per share. research analysts expect that Rithm Capital will post 1.78 EPS for the current fiscal year.

Rithm Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 26th. Shareholders of record on Monday, July 1st were issued a $0.25 dividend. This represents a dividend of $1.00 on an annualized basis and a yield of 8.74%. The ex-dividend date of this dividend was Monday, July 1st. Rithm Capital’s payout ratio is currently 66.67%.

Hedge funds influence Rithm Capital

Several institutional investors have recently made changes to their positions in RITM. Natixis purchased a new stake in Rithm Capital in the first quarter valued at $689,000. Allianz Asset Management GmbH boosted its stake in shares of Rithm Capital by 107.7% during the 4th quarter. Allianz Asset Management GmbH now owns 1,171,379 shares of the real estate investment trust’s stock worth $12,510,000. after acquiring an additional 607,413 shares in the last quarter. Dynamic Technology Lab Private Ltd raised its position in shares of Rithm Capital by 14.1% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 21,181 shares of the real estate investment trust’s stock valued at $226,000 after purchasing another 2,614 shares during the period. Slagle Financial LLC raised its stake in Rithm Capital by 99.1% in the 4th quarter. Slagle Financial LLC now owns 474,538 shares of the real estate investment trust’s stock valued at $5,068,000 after buying an additional 236,199 shares of shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Rithm Capital by 0.8% in the first quarter. Vanguard Group Inc. now owns 45,815,852 shares of the real estate investment trust’s stock worth $511,305,000 after buying an additional 378,931 shares during the period. 44.92% of the shares are held by hedge funds and other institutional investors.

Rithm Capital Company Profile

(Get a free report)

Rhythm Capital Corp. operates as an asset manager focused on real estate, credit and financial services. It operates through the segments of origination and servicing, investment portfolio, mortgage loan receivables and asset management. Its investment portfolio primarily comprises mortgage servicing rights (MSRs) and MSR financing receivables, securities, property valuation and preservation, excess MSRs and advance servicing investments; real estate, call rights, SFR properties and residential mortgage loans; consumer and business loans; and investments related to asset management.

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