Rithm Capital (NYSE:RITM) Given “Outperform” Rating at Wedbush

Wedbush restated their outperform rating on shares of Rithm Capital (NYSE:RITM) in a report released on Friday,Benzinga reports. They currently have a $14.00 price target on the real estate investment trust’s stock. Wedbush also issued estimates for Rithm Capital’s Q1 2025 earnings at $0.46 EPS, Q2 2025 earnings at $0.48 EPS, Q3 2025 earnings at $0.49 EPS, Q4 2025 earnings at $0.53 EPS, FY2025 earnings at $1.96 EPS and FY2026 earnings at $2.03 EPS.

Several other research firms have also recently commented on RITM. JMP Securities reaffirmed a “market outperform” rating and issued a $12.50 price target on shares of Rithm Capital in a report on Thursday, January 23rd. Piper Sandler upped their price objective on shares of Rithm Capital from $11.50 to $12.50 and gave the stock a “neutral” rating in a report on Friday, February 7th. B. Riley upgraded Rithm Capital to a “strong-buy” rating in a report on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Rithm Capital from $13.00 to $13.50 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $13.25.

Rithm Capital Stock Performance

Shares of NYSE:RITM opened at $11.39 on Friday. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.09 and a quick ratio of 1.35. Rithm Capital has a 1 year low of $10.38 and a 1 year high of $12.20. The firm has a market capitalization of $5.93 billion, a PE ratio of 6.82 and a beta of 1.83. The business’s 50 day moving average price is $11.69 and its 200-day moving average price is $11.23.

Rithm Capital (NYSE:RITM) last announced its earnings results on Thursday, February 6th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.16. Rithm Capital had a net margin of 17.79% and a return on equity of 18.15%. As a group, equities research analysts expect that Rithm Capital will post 1.93 earnings per share for the current fiscal year.

Rithm Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.00 dividend on an annualized basis and a yield of 8.78%. Rithm Capital’s dividend payout ratio (DPR) is 59.88%.

Hedge Funds Weigh In On Rithm Capital

A number of large investors have recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Rithm Capital during the third quarter worth about $43,000. Quarry LP boosted its holdings in Rithm Capital by 47.5% in the 4th quarter. Quarry LP now owns 4,118 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 1,327 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC increased its position in Rithm Capital by 86.7% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 4,439 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 2,062 shares during the period. Quadrant Capital Group LLC raised its stake in shares of Rithm Capital by 35.2% during the 4th quarter. Quadrant Capital Group LLC now owns 4,655 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 1,211 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. acquired a new stake in shares of Rithm Capital in the 4th quarter valued at approximately $81,000. Hedge funds and other institutional investors own 44.92% of the company’s stock.

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.