BTIG Reiterates Buy Rating on RITM
BTIG maintains its buy rating on RITM with a $13 price target.
Key Points
- BTIG reiterated its buy rating on RITM on June 16, 2026, setting a price target of $13.
- RITM shares are trading at $9.19, with strong institutional backing from major funds.
- Insiders recently bought shares, and multiple analysts maintain a buy rating with targets around $13.
On June 16, 2026, BTIG reiterated its buy rating on RITM, setting a price target of $13. This comes as RITM shares trade around $9.19, suggesting potential upside according to the analyst Douglas Harter.
Other Institutional Activity in RITM
Several major funds have shown strong interest in RITM. BlackRock, Inc. significantly increased its holdings by 41,271,335 shares, ending with 71,736,250 shares valued at about $680.1 million. Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both hold substantial positions, with 28,833,179 and 24,974,754 shares worth $273.3 million and $236.8 million, respectively. State Street Corp also boosted its stake by 8,399,209 shares to a total of 18,957,083 shares, valued at $179.7 million.
RITM Stock Snapshot
Shares of RITM are currently trading near $9.19. The stock has attracted attention from several large institutional investors, indicating a strong backing from the investment community.
Insider Buying and Selling at RITM
On May 26, 2026, several insiders purchased shares of RITM. Peggy Hwan Hebard, William Dean Addas, Kevin Finnerty, David Saltzman, Patrice Le Melle, and Ranjit Kripalani each bought shares ranging from 16,199 to 17,279. These transactions were not part of pre-arranged 10b5-1 plans.
Analysts Set New Price Targets
BTIG maintained its buy rating on RITM with a $13 price target on June 16, 2026. Citizens also kept a buy rating with a slightly higher target of $13.5 on May 20, 2026. RBC Capital and Keefe, Bruyette & Woods both maintained buy ratings with a $13 target, while UBS set a higher target of $14.5 on April 10, 2026. Overall, the consensus among analysts is a buy rating, with a mean target price around $13.
About RITM
RITM operates in the financial sector, focusing on mortgage and real estate investments. The company is known for its diversified portfolio of mortgage servicing rights, real estate securities, and residential loans. Headquartered in the United States, RITM aims to provide strong returns through strategic investments in the real estate market.
Bottom Line
BTIG's reiteration of a buy rating with a $13 target reflects optimism in RITM's potential. With significant institutional support and insider buying activity, the stock has garnered interest from various quarters. As always, it's important to remember that analyst ratings and 13F filings are backward-looking and may not reflect current market conditions.
See Also
This instant news alert was generated by automated narrative technology and financial data from EarningsIQ and public regulatory filings. It is for informational purposes only and is not financial advice.