Analysts Set Rithm Capital Corp. (NYSE:RITM) PT at $14.71

Shares of Rithm Capital Corp. (NYSE:RITM) have been assigned an average recommendation of “Moderate Buy” from the eight research firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $14.7143.

A number of brokerages have recently issued reports on RITM. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Rithm Capital in a report on Thursday, December 18th. Jones Trading reaffirmed a “buy” rating and set a $13.50 price target on shares of Rithm Capital in a research report on Thursday, October 30th. Wedbush assumed coverage on shares of Rithm Capital in a research report on Monday, December 15th. They issued an “outperform” rating and a $14.00 price objective for the company. Weiss Ratings restated a “hold (c+)” rating on shares of Rithm Capital in a report on Monday, December 29th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $15.50 price target on shares of Rithm Capital in a research report on Monday, December 22nd.

Insider Activity at Rithm Capital

In other Rithm Capital news, insider David Zeiden sold 19,285 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $11.11, for a total value of $214,256.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael Nierenberg sold 301,548 shares of the stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $11.00, for a total transaction of $3,317,028.00. The disclosure for this sale is available in the SEC filing. Insiders own 0.44% of the company’s stock.

Institutional Investors Weigh In On Rithm Capital

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CoreCap Advisors LLC boosted its position in Rithm Capital by 99.2% in the 4th quarter. CoreCap Advisors LLC now owns 2,295 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 1,143 shares during the last quarter. Bessemer Group Inc. lifted its stake in shares of Rithm Capital by 658.9% in the third quarter. Bessemer Group Inc. now owns 2,656 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 2,306 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new position in Rithm Capital in the second quarter valued at about $30,000. Atlantic Union Bankshares Corp acquired a new stake in Rithm Capital during the 3rd quarter valued at approximately $31,000. Finally, Mather Group LLC. acquired a new stake in Rithm Capital during the 3rd quarter valued at approximately $33,000. Hedge funds and other institutional investors own 44.92% of the company’s stock.

Rithm Capital Price Performance

Shares of Rithm Capital stock opened at $10.78 on Thursday. The business’s fifty day moving average price is $11.32 and its 200 day moving average price is $11.55. Rithm Capital has a twelve month low of $9.13 and a twelve month high of $12.74. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 1.52. The stock has a market capitalization of $5.98 billion, a P/E ratio of 7.44 and a beta of 1.20.

Rithm Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, December 31st were paid a $0.25 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.3%. Rithm Capital’s dividend payout ratio (DPR) is 68.97%.

Rithm Capital Company Profile

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.