Keefe, Bruyette & Woods Boosts Rithm Capital (NYSE:RITM) Price Target to $12.00

Rithm Capital (NYSE:RITM) had its price target increased by analysts at Keefe, Bruyette & Woods from $11.50 to $12.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has an “outperform” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 13.96% from the company’s previous close.

RITM has been the subject of several other research reports. Royal Bank of Canada reiterated an “outperform” rating and set a $12.00 price objective on shares of Rithm Capital in a research note on Monday, April 1st. Jonestrading upped their price target on shares of Rithm Capital from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Wedbush restated an “outperform” rating and set a $13.00 price target on shares of Rithm Capital in a research note on Monday, February 26th. B. Riley upped their price target on shares of Rithm Capital from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Wednesday, February 21st. Finally, JMP Securities upped their price target on shares of Rithm Capital from $10.50 to $11.00 and gave the company a “market outperform” rating in a research note on Thursday, January 18th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Rithm Capital currently has an average rating of “Buy” and a consensus target price of $12.00.

Rithm Capital Trading Down 0.1 %

NYSE:RITM opened at $10.53 on Tuesday. Rithm Capital has a one year low of $7.59 and a one year high of $11.33. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.30 and a current ratio of 0.30. The firm has a market cap of $5.10 billion, a P/E ratio of 9.57 and a beta of 1.82. The firm has a 50-day simple moving average of $10.80 and a 200-day simple moving average of $10.40.

Rithm Capital (NYSE:RITM) last posted its quarterly earnings data on Wednesday, February 7th. The real estate investment trust reported $0.51 EPS for the quarter, topping the consensus estimate of $0.35 by $0.16. The firm had revenue of $709.47 million during the quarter, compared to analyst estimates of $887.04 million. Rithm Capital had a net margin of 17.15% and a return on equity of 18.49%. During the same quarter in the previous year, the business posted $0.33 EPS. Equities analysts anticipate that Rithm Capital will post 1.69 EPS for the current fiscal year.

Institutional Trading of Rithm Capital

Several large investors have recently made changes to their positions in the business. Parkside Financial Bank & Trust boosted its holdings 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 buying an additional 2,136 shares in the last quarter. American National Bank purchased a new stake in Rithm Capital during the fourth quarter worth $27,000. Raleigh Capital Management Inc. boosted its holdings 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 buying an additional 1,661 shares in the last quarter. GAMMA Investing LLC purchased a new stake in Rithm Capital during the fourth quarter worth $34,000. Finally, Lazard Asset Management LLC purchased a new stake in Rithm Capital during the fourth quarter worth $34,000. 44.92% of the stock is owned by hedge funds and other 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.