Piper Sandler Reaffirms Their Hold Rating on Rithm Capital (RITM)

In a report released today, Crispin Love from Piper Sandler maintained a Hold rating on Rithm Capital (RITM – Research Report), with a price target of $10.50. The company’s shares closed last Friday at $10.82.

According to TipRanks, Love is a 4-star analyst with an average return of 7.9% and a 56.76% success rate. Love covers the Real Estate sector, focusing on stocks such as AGNC Investment, Annaly Capital, and Ellington Financial.

Currently, the analyst consensus on Rithm Capital is a Strong Buy with an average price target of $12.28.

Based on Rithm Capital’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $87.53 million. In comparison, last year the company had a net profit of $81.75 million

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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.