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 opened today at $10.60.
According to TipRanks, Hagen is a 3-star analyst with an average return of 0.9% and a 51.48% success rate. Hagen covers the Real Estate sector, focusing on stocks such as AGNC Investment, Invesco Mortgage, and Rithm Capital.
Currently, the analyst consensus on Rithm Capital is a Strong Buy with an average price target of $11.75.
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The company has a one-year high of $10.90 and a one-year low of $6.64. Currently, Rithm Capital has an average volume of 3.47M.
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Rithm Capital (RITM) Company Description:
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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