Where is Rithm Capital Corp. (RITM) Headed According to Analysts?

Rithm Capital Corp. (NYSE:RITM) is 1 of the apical cheap stocks nether $20 to bargain now. Piper Sandler expert Crispin Love reaffirmed a bullish stance connected Rithm Capital Corp. (NYSE:RITM) connected December 22, assigning the banal a Buy standing with a $15.50 terms target.

In different development, Rithm Capital Corp. (NYSE:RITM) announced connected December 19 the palmy completion of its antecedently announced acquisition of Paramount Group, Inc., with the portfolio including 13 owned and 4 managed high-quality bureau assets, totaling much than 13.1 cardinal quadrate feet. Paramount Group, Inc. is simply a vertically-integrated existent property concern spot that owns, manages, and operates Class A bureau properties successful San Francisco and New York City.

Rithm Capital Corp. (NYSE:RITM) stated that the completed acquisition bolsters the company’s afloat integrated and diversified plus absorption level meaningfully, expanding its commercialized existent property footprint and enabling it to question further improvement of the portfolio done this expanded presence. The institution besides seeks to heighten the wide tenant acquisition by leveraging its established owner-operator exemplary to stimulate maturation for the acquired assets.

According to the management, Paramount would beryllium integrated into Rithm Capital Corp.’s (NYSE:RITM) level and beryllium rebranded to presumption it for caller opportunities crossed the portfolio. lbert Behler, Chairman, Chief Executive Officer, and President of Paramount, would depart the institution pursuing the closing of the transaction.

Rithm Capital Corp. (NYSE:RITM) provides existent estate, credit, and fiscal services. The company’s operations are divided into the pursuing segments: Origination and Servicing, Investment Portfolio, Residential Transitional Lending, Asset Management, and Corporate.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.