Rithm Capital Corp. (RITM)
| Market Cap | 5.53B |
| Revenue (ttm) | 3.01B |
| Net Income (ttm) | 484.30M |
| Shares Out | 519.73M |
| EPS (ttm) | 0.99 |
| PE Ratio | 10.78 |
| Forward PE | 5.80 |
| Dividend | $1.00 (9.40%) |
| Ex-Dividend Date | Oct 1, 2024 |
| Volume | 3,281,544 |
| Open | 10.67 |
| Previous Close | 10.66 |
| Day's Range | 10.59 - 10.70 |
| 52-Week Range | 9.97 - 12.02 |
| Beta | 1.79 |
| Analysts | Strong Buy |
| Price Target | 12.65 (+18.89%) |
| Earnings Date | Oct 29, 2024 |
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 10 analysts, the average rating for RITM stock is "Strong Buy." The 12-month stock price forecast is $12.65, which is an increase of 18.89% from the latest price.
News
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...
REIT Fantasy Football: 11 Companies To Start Your Team
Like football, REIT investing is about gaining control of real estate. REITs are becoming more attractive to income investors as inflation remains below average REIT yield and interest rates fall. Wit...
10% Or Higher Dividend Yields
BDCs, mortgage REITs, preferred shares, and one baby bond. Most are yielding over 10%. I hope you're ready for the weekend. We're going to do quick coverage on each share. Some of these preferred shar...
Rithm Capital: High-Yield Bargain Opportunity
Rithm Capital is a high-yielding investment opportunity with a growing asset management focus and diversified portfolio. The Sculptor asset management platform is growing and could represent a key lev...
Rithm Capital: 9% Yield, 53% Pay-Out Ratio, Growing BV
Rithm Capital Corporation easily earned $0.25 per share dividend in Q2 with strong financial results and book value growth. Anticipate Rithm Capital to make more acquisitions in asset management to di...
Rithm: A Bargain With Rich Dividend Yields
RITM continues to deliver robust FQ2'24 earning results, while successfully executing its diversification into the Alternative Asset Management Business market. While its underwhelming EAD payout rati...
Rithm Capital Corp. (RITM) Q2 2024 Earnings Call Transcript
Rithm Capital Corp. (NYSE:RITM) Q2 2024 Earnings Conference Call July 31, 2024 8:00 AM ET Company Participants Emma Bolla - Associate General Counsel Michael Nierenberg - Chairman, CEO and President ...
Rithm Capital Corp. Announces Second 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 second quarter ended June 30, 2024: Second Quart...