- Rithm Capital Corp. (RITM, Financial) sets a new quarterly dividend for its 6.375 PFD SER C series.
- Analysts forecast a potential 27.06% upside for RITM.
- The brokerage consensus recommends an "Outperform" status for Rithm Capital Corp.
Rithm Capital Corp. (RITM) recently declared a quarterly dividend of CAD 0.4938 per share for its 6.375 PFD SER C series. Investors holding shares as of May 1 will be entitled to receive this dividend on May 15. The company's dividend strategy is aligned with its ongoing growth initiatives, aiming for a 20% return on equity by the fourth quarter of 2024.
Wall Street Analysts Forecast
In terms of one-year price projections, 10 analysts provide an average target price of $13.10 for Rithm Capital Corp (RITM, Financial), with estimates ranging from a high of $14.00 to a low of $12.50. This average target suggests a potential upside of 27.06% compared to the current trading price of $10.31. For a deeper dive into these estimates, visit the Rithm Capital Corp (RITM) Forecast page.
The consensus from 11 brokerage firms places Rithm Capital Corp's (RITM, Financial) average recommendation at 1.7, which translates to an "Outperform" rating. The recommendation scale spans from 1 (Strong Buy) to 5 (Sell), indicating strong positive sentiment among analysts for the stock.
GuruFocus' estimated GF Value for Rithm Capital Corp (RITM, Financial) over a one-year horizon is pegged at $8.41, indicating a potential downside of 18.43% from the current market price of $10.31. The GF Value is a calculated fair value estimate reflecting historical multiples and expected business performance trajectory. More comprehensive data can be accessed on the Rithm Capital Corp (RITM) Summary page.
