In a report released yesterday, Eric Hagen from BTIG maintained a Buy rating on Rithm Capital (RITM – Research Report), with a price target of $13.00. The company’s shares closed yesterday at $8.49.
According to TipRanks, Hagen is an analyst with an average return of -7.5% and a 29.82% success rate. Hagen covers the Financial sector, focusing on stocks such as Two Harbors, BrightSpire Capital, and AGNC Investment.
Rithm Capital has an analyst consensus of Strong Buy, with a price target consensus of $11.33, implying a 33.45% upside from current levels. In a report released on December 16, B.Riley Financial also initiated coverage with a Buy rating on the stock with a $12.00 price target.
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Based on Rithm Capital’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $627.55 million and a net profit of $146.88 million. In comparison, last year the company earned a revenue of $674.31 million and had a net profit of $161.68 million
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New Residential Investment Corp. is a real estate investment trust, which focuses on investing and actively managing, investments related to residential real estate. It operates through the following segments: Origination, Servicing, MSR Related Investments, Residential Securities and Loans, Consumer Loans and Corporate. The Corporate segment includes general and administrative expenses, the management fees and incentive compensation, and corporate cash and related interest income. The company was founded in 2011 and is headquartered in New York, NY.
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