Rithm Capital Corp. (NYSE:RITM – Get Rating) saw some unusual options trading activity on Tuesday. Stock traders purchased 25,220 call options on the company. This represents an increase of 411% compared to the typical daily volume of 4,932 call options.
Rithm Capital Price Performance
Shares of RITM opened at $8.32 on Wednesday. The stock has a market capitalization of $3.94 billion, a P/E ratio of 4.65 and a beta of 1.79. Rithm Capital has a twelve month low of $6.86 and a twelve month high of $11.75. The company has a 50 day moving average of $9.07 and a 200-day moving average of $8.68. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.09.
Rithm Capital (NYSE:RITM – Get Rating) last issued its quarterly earnings results on Wednesday, February 8th. The real estate investment trust reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.04. The company had revenue of $762.40 million during the quarter, compared to analysts’ expectations of $750.14 million. Rithm Capital had a net margin of 20.19% and a return on equity of 12.04%. During the same period last year, the business earned $0.40 EPS. As a group, equities research analysts forecast that Rithm Capital will post 1.36 EPS for the current fiscal year.
Rithm Capital Dividend Announcement
Institutional Investors Weigh In On Rithm Capital
Several large investors have recently made changes to their positions in RITM. Bank of America Corp DE acquired a new stake in shares of Rithm Capital in the 4th quarter valued at approximately $65,192,000. LSV Asset Management acquired a new stake in Rithm Capital during the 4th quarter valued at $54,076,000. Geode Capital Management LLC acquired a new stake in Rithm Capital during the 4th quarter valued at $50,728,000. Nan Shan Life Insurance Co. Ltd. acquired a new stake in Rithm Capital during the 4th quarter valued at $47,845,000. Finally, Morgan Stanley acquired a new stake in Rithm Capital during the 4th quarter valued at $38,490,000. Institutional investors and hedge funds own 47.30% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, B. Riley started coverage on shares of Rithm Capital in a research report on Friday, December 16th. They set a “buy” rating and a $12.00 target price on the stock. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Rithm Capital has a consensus rating of “Moderate Buy” and a consensus target price of $10.83.
Rithm Capital Company Profile
Rithm Capital Corp. is a real estate investment trust, which aims to generate long-term value for investors by investing in mortgage related assets, including operating companies, that offer attractive risk-adjusted returns. It operates through the following segments: Origination, Servicing, MSR Related Investments, Residential Securities, Properties and Loans, Consumer Loans, Mortgage Loans Receivables, and Corporate.
- Get a free copy of the StockNews.com research report on Rithm Capital (RITM)
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