Shares of Rithm Capital Corp. (NYSE:RITM – Get Free Report) have been given a consensus recommendation of “Buy” by the six brokerages that are currently covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1 year price target among analysts that have covered the stock in the last year is $11.63.
RITM has been the topic of several recent research reports. JMP Securities boosted their price target on Rithm Capital from $10.50 to $11.00 and gave the company a “market outperform” rating in a research report on Thursday, January 18th. Jonestrading upgraded Rithm Capital from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a report on Friday, October 27th. Finally, UBS Group began coverage on shares of Rithm Capital in a research report on Wednesday, December 6th. They issued a “buy” rating and a $12.50 price objective for the company.
Institutional Inflows and Outflows
Rithm Capital Trading Up 0.2 %
NYSE:RITM opened at $10.58 on Friday. The firm has a market cap of $5.11 billion, a PE ratio of 7.30 and a beta of 1.83. The stock has a fifty day moving average price of $10.70 and a 200 day moving average price of $10.11. Rithm Capital has a 12-month low of $7.40 and a 12-month high of $11.15. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.09.
Rithm Capital Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, January 26th. Stockholders of record on Friday, December 29th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 9.45%. The ex-dividend date was Thursday, December 28th. Rithm Capital’s payout ratio is 68.97%.
About Rithm Capital
Rithm Capital Corp. operates as an investment manager that operates a vertically integrated mortgage platform and invests in real estate and related properties in the United States and Europe. The company provides capital and services to the real estate and financial services sectors. Its investment portfolio comprises mortgage servicing related assets, residential securities and loans, and single-family rental loans.
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