KBW analyst Bose George maintained a Buy rating on Rithm Capital (RITM – Research Report) yesterday and set a price target of $11.50. The company’s shares closed yesterday at $10.57.
George covers the Financial sector, focusing on stocks such as Fidelity National Financial, First American Financial, and PennyMac Financial. According to TipRanks, George has an average return of 14.8% and a 72.91% success rate on recommended stocks.
Rithm Capital has an analyst consensus of Strong Buy, with a price target consensus of $12.06, implying a 14.10% upside from current levels. In a report released on February 21, B.Riley Financial also maintained a Buy rating on the stock with a $13.00 price target.
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RITM market cap is currently $5.08B and has a P/E ratio of 9.55.
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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:
- Rithm Capital price target raised to $13 from $12 at B. Riley
- Bad News for Rithm Capital Corp. Stock: This New Risk Has Been Added
- Rithm Capital in ‘early stages of a meaningful transformation,’ says BTIG
- Rithm Capital participates in a conference call with BTIG
- Unusually active option classes on open February 7th
