In a report released yesterday, Bose George from KBW maintained a Buy rating on Rithm Capital (RITM – Research Report), with a price target of $11.50. The company’s shares closed yesterday at $10.18.
George covers the Financial sector, focusing on stocks such as Fidelity National Financial, PennyMac Financial, and Mr Cooper Group. According to TipRanks, George has an average return of 15.2% and a 73.31% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Rithm Capital with a $11.67 average price target.
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RITM market cap is currently $5.1B and has a P/E ratio of 7.28.
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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.
Read More on RITM:
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- Rithm Capital price target raised to $11 from $10.50 at JMP Securities
- The housing finance stocks to own in 2024, according to Wedbush
- Rithm Capital price target raised to $13 from $12 at Wedbush
