Rithm Capital (NYSE:RITM) Stock Rating Upgraded by Wall Street Zen

Rithm Capital (NYSE:RITM) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Sunday.

RITM has been the topic of several other research reports. Compass Point began coverage on Rithm Capital in a research note on Monday, June 8th. They issued a “buy” rating and a $14.00 price objective on the stock. BTIG Research reduced their target price on Rithm Capital from $16.00 to $13.00 and set a “buy” rating for the company in a research note on Tuesday, June 16th. JonesTrading reissued a “buy” rating and set a $13.50 target price on shares of Rithm Capital in a report on Tuesday, April 28th. UBS Group decreased their target price on Rithm Capital from $15.00 to $14.50 and set a “buy” rating on the stock in a report on Friday, April 10th. Finally, Capital One Financial set a $12.50 price target on Rithm Capital in a research note on Thursday, April 9th. Ten analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $13.35.

Rithm Capital Stock Up 0.6%

Rithm Capital stock opened at $9.37 on Friday. The firm has a market capitalization of $5.23 billion, a PE ratio of 8.60 and a beta of 1.14. The company’s 50-day moving average is $9.46 and its 200-day moving average is $10.16. 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 current ratio of 1.28 and a quick 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 (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.02). Rithm Capital had a net margin of 14.44% and a return on equity of 19.48%. The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.27 billion. Sell-side analysts anticipate that Rithm Capital will post 2.27 earnings per share for the current year.

Insider Transactions at Rithm Capital

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

Hedge Funds Weigh In On Rithm Capital

Large investors have recently made changes to their positions in the company. Curi Capital LLC grew its holdings in Rithm Capital by 0.7% in 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 buying an additional 829 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Rithm Capital by 14.3% during the first quarter. Geneos Wealth Management Inc. now owns 7,031 shares of the real estate investment trust’s stock worth $81,000 after buying an additional 881 shares in the last quarter. City Holding Co. lifted its holdings in shares of Rithm Capital by 35.1% during the fourth quarter. City Holding Co. now owns 3,850 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 1,000 shares in the last quarter. Westbourne Investment Advisors Inc. boosted its position in shares of Rithm Capital by 1.8% in the fourth 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 during the period. Finally, Fort Sheridan Advisors LLC boosted its position in shares of Rithm Capital by 0.3% in the fourth 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 during the period. Institutional investors own 44.92% of the company’s stock.

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.