Rithm Capital Corp. (RITM)
| Market Cap | 5.69B |
| Revenue (ttm) | 3.01B |
| Net Income (ttm) | 484.30M |
| Shares Out | 519.73M |
| EPS (ttm) | 0.99 |
| PE Ratio | 11.09 |
| Forward PE | 5.92 |
| Dividend | $1.00 (9.14%) |
| Ex-Dividend Date | Oct 1, 2024 |
| Volume | 6,460,789 |
| Open | 10.67 |
| Previous Close | 10.67 |
| Day's Range | 10.67 - 11.03 |
| 52-Week Range | 9.97 - 12.02 |
| Beta | 1.79 |
| Analysts | Strong Buy |
| Price Target | 12.78 (+16.82%) |
| Earnings Date | Feb 5, 2025 |
About RITM
Rithm Capital Corp. operates as an asset manager focused on real estate, credit, and financial services. It operates through Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable, and Asset Management segments. Its investment portfolio primarily comprises of mortgage servicing rights (MSR), and MSR financing receivables, title, appraisal and property preservation, excess MSRs, and services advance investments; real estate securities, call rights, SFR properties, and residential mortgage loans; consumer and business purpose ... [Read more]
Financial Performance
In 2023, Rithm Capital's revenue was $2.79 billion, a decrease of -37.25% compared to the previous year's $4.45 billion. Earnings were $532.68 million, a decrease of -38.40%.
Financial StatementsAnalyst Forecast
According to 9 analysts, the average rating for RITM stock is "Strong Buy." The 12-month stock price forecast is $12.78, which is an increase of 16.82% from the latest price.
News
Rithm Capital Corp. Declares Fourth Quarter 2024 Common and Preferred Dividends
NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE:RITM, “Rithm Capital” or the “Company”) announced today that its Board of Directors (the “Board”) has declared fourth quarter 2024 common and prefe...
Rithm Capital: 9% Yield, 2.2x Dividend Coverage, Upside
Rithm Capital offers a stable 9% yield, a strong dividend coverage profile, and a diversified revenue stream. The REIT has expanded through acquisitions, diversifying its portfolio beyond mortgage inv...
Rithm Capital's Updated Sector Comparative Analysis - Part 1 (Includes Recommendation For 19 Peers As Of 12/6/2024)
Part 1 of this article compares RITM's recent investment composition, leverage, hedging coverage ratio, quarterly BV, economic return (loss), and current valuation to 19 mREIT peers. Due to what has o...
KBRA Assigns Preliminary Ratings to New Residential Mortgage Loan Trust 2024-NQM3 (NRMLT 2024-NQM3)
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to 8 classes of mortgage-backed notes from New Residential Mortgage Loan Trust 2024-NQM3 (NRMLT 2024-NQM3), a $272.5 m...
Rithm: The 9% Yield Is Still Dirt Cheap
Rithm Capital investors have underperformed the market recently, even as the S&P 500 surged to new records. RITM's attractive dividend yield of 9% attracted dip-buying at its November lows as investor...
Rithm Capital: A Strong And Cheap 9% Yielder
Rithm Capital Corp. offers a 9% dividend yield with strong coverage and potential upside, performing well in both rising and declining interest rate environments. The company's diversified strategy, i...
Rithm Capital Announces the Closing of Securitized Notes Backed by Mortgage Servicing Rights
NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE: RITM, “Rithm Capital” or “Rithm”), a leading sponsor of structured MSR-backed capital market notes, today announced it has successfully closed NZE...
Rithm Capital and Newrez Pledge Support to Disaster Relief Efforts in Wake of Hurricanes Helene and Milton
NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE: RITM, “Rithm Capital” or “Rithm”), a leading alternative asset manager, pledged a commitment of $500,000 to support disaster response efforts in t...
Rithm Capital Corp. (RITM) Q3 2024 Earnings Call Transcript
Rithm Capital Corp. (NYSE:RITM) Q3 2024 Earnings Conference Call October 29, 2024 8:00 AM ET Company Participants Emma Bolla - Associate General Counsel Michael Nierenberg - Chairman, Chief Executive...
Rithm Capital Corp. Elects Ranjit Kripalani and William Addas to the Board of Directors
NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE:RITM, “Rithm Capital” or the “Company”) announced today that the Board of Directors of the Company (the “Board”) has elected Ranjit Kripalani and W...
Rithm Capital Corp. Announces Third Quarter 2024 Results
NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE: RITM; “Rithm Capital,” “Rithm” or the “Company”) today reported the following information for the third quarter ended September 30, 2024: Third Qu...
Rithm Capital Corp. Schedules Third Quarter 2024 Earnings Release and Conference Call
NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE:RITM, “Rithm Capital,” “Rithm” or the “Company”) announced today that it will release its third quarter 2024 financial results for the period ended...
CORRECTING and REPLACING Rithm Capital Corp. Declares Third Quarter 2024 Common and Preferred Dividends
NEW YORK--(BUSINESS WIRE)--Please replace the release dated September 20, 2024 with the following corrected version due to revisions to the Series A and Series B Cumulative Redeemable Preferred Stock ...
Rithm Capital: You Can Get A 9% Yield Again
Rithm Capital's stock dropped 5% after a secondary offering, presenting a buying opportunity due to strong dividend metrics and business growth. The central bank's recent interest rate cut supports in...
Genesis Capital Closes Its Second Rated Residential Transitional Loan Securitization
NEW YORK--(BUSINESS WIRE)--Genesis Capital LLC (“Genesis”), a Rithm Capital (NYSE: RITM) company and a leading business purpose lender providing innovative financing solutions to professional real est...
Rithm Capital's Sector Comparative Analysis - Part 2 (Includes Q4 2024 + Q1 2025 Dividend Projection)
This article compares RITM's recent dividend per share rates, yield percentages, and several dividend sustainability metrics to 19 mREIT peers. This includes an analysis of RITM's quarterly core earni...
Rithm Capital Corp. Announces Pricing of Public Offering of Common Stock
NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE: RITM; “Rithm” or the “Company”) announced today that it priced its underwritten public offering of 30,000,000 shares of its common stock for gross...
Rithm Capital Corp. Announces Public Offering of Common Stock
NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE: RITM; “Rithm” or the “Company”) announced today the commencement of a public offering of 30,000,000 shares of its common stock, subject to market ...
Rithm Capital Corp. Declares Third Quarter 2024 Common and Preferred Dividends
NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE:RITM, “Rithm Capital” or the “Company”) announced today that its Board of Directors (the “Board”) has declared third quarter 2024 common and prefer...
Rithm: High Yield Opportunity Not To Be Missed
Rithm Capital stock broke to a new recent high, underpinned by robust buying sentiment. Its transition into less cyclical segments and asset management is expected to spur a valuation re-rating. Rithm...
Rithm Capital's Updated Sector Comparative Analysis - Part 1 (Includes Recommendation For 19 Peers As Of 9/2/2024)
Part 1 of this article compares RITM's recent investment composition, leverage, hedging coverage ratio, quarterly BV, economic return (loss), and current valuation to 19 mREIT peers. Due to what has o...