Rithm Capital Corp. (RITM)
| Market Cap | 5.42B |
| Revenue (ttm) | 3.69B |
| Net Income (ttm) | 532.68M |
| Shares Out | 483.23M |
| EPS (ttm) | 1.10 |
| PE Ratio | 10.19 |
| Forward PE | 6.88 |
| Dividend | $1.00 (8.92%) |
| Ex-Dividend Date | Mar 28, 2024 |
| Volume | 3,502,390 |
| Open | 11.17 |
| Previous Close | 11.12 |
| Day's Range | 11.13 - 11.32 |
| 52-Week Range | 7.59 - 11.33 |
| Beta | 1.80 |
| Analysts | Strong Buy |
| Price Target | 12.17 (+8.56%) |
| Earnings Date | Apr 30, 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 $3.69 billion, a decrease of -19.86% compared to the previous year's $4.61 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 $12.17, which is an increase of 8.56% from the latest price.
News
Rithm Capital Corp. Schedules First 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 first quarter 2024 financial results for the period ended...
Sculptor Launches Captive CLO Equity Platform with Anchor Commitment from Rithm Capital
NEW YORK--(BUSINESS WIRE)--Sculptor Capital Management, Inc. (“Sculptor”) today announced the launch of Sculptor Loan Financing Partners, the firm's captive CLO equity investment platform, anchored by...
Genesis Capital Closes Largest Ever Rated Residential Transition Loan Securitization
NEW YORK--(BUSINESS WIRE)--Genesis Capital LLC (“Genesis”), a leading business purpose lender that provides innovative debt solutions to professional real estate developers for new acquisition, renova...
Labaton Keller Sucharow Announces a Proposed Class Action Settlement for All Record Holders and Beneficial Owners of Sculptor Capital Management, Inc. Common Stock Whose Shares Rithm Capital Corp. Acquired at the Closing of the Merger
WILMINGTON, Del.--(BUSINESS WIRE)-- IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE IN RE SCULPTOR CAPITAL MANAGEMENT, INC. STOCKHOLDER LITIGATION CONSOLIDATED C.A. No. 2023-0921-SG SUMMARY NOTICE ...
Rithm Capital Corp. Declares First 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 first quarter 2024 common and prefer...
Rithm Capital Corp. Announces Early Tender Results for Its 6.250% Senior Unsecured Notes Due 2025
NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE: RITM; “Rithm”) announced today the early tender results of the previously announced cash tender offer (the “Tender Offer”) to purchase up to $275 ...
Rithm Capital Corp. Announces Pricing of Offering of Senior Unsecured Notes
NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE: RITM; “Rithm” or the “Company”) announced today that it has priced its previously announced offering of $775 million aggregate principal amount of...
Rithm Capital Corp. Announces Proposed Offering of Senior Unsecured Notes
NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE: RITM; “Rithm” or the “Company”) announced today that it plans to offer $775 million aggregate principal amount of senior unsecured notes due 2029 ...
Rithm Capital Corp. Announces Commencement of Tender Offer for 6.250% Senior Unsecured Notes Due 2025
NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE: RITM; “Rithm”) announced today that it has commenced a cash tender offer (the “Tender Offer”) for up to $275 million of Rithm's $550 million in ag...
Rithm Capital Corp. and Great Ajax Corp. Announce a Strategic Transaction
NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE: RITM; “Rithm”), a global asset manager focused on real estate, credit and financial services, and Great Ajax Corp. (NYSE: AJX; “Great Ajax”), a re...
KBRA Assigns Preliminary Ratings to New Residential Mortgage Loan Trust 2024-NQM1 (NRMLT 2024-NQM1)
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to 6 classes of mortgage-backed notes from New Residential Mortgage Loan Trust 2024-NQM1 (NRMLT 2024-NQM1), a $281.9 m...
Regional banks are healthy, says Rithm Capital CEO
Rithm Capital CEO Michael Nierenberg joins 'Squawk on the Street' to discuss the company's acquisition of Sculptor Capital Management, how concerned the chief executive is about the commercial real es...
Rithm Capital Corp. Announces Fourth Quarter and Full Year 2023 Results
NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE: RITM; “Rithm Capital” or the “Company”) today reported the following information for the fourth quarter ended and full year ended December 31, 202...
Rithm Capital Corp. Schedules Fourth Quarter and Full Year 2023 Earnings Release and Conference Call
NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE:RITM, “Rithm Capital” or the “Company”) announced today that it will release its fourth quarter and full year 2023 financial results for the period...
Rithm Capital Corp. Announces Treatment of 2023 Taxable Dividends
NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE:RITM, “Rithm Capital” or the “Company”) today announced the tax treatment of its common and preferred stock dividends deemed taxable in 2023. Commo...
David Werner Real Estate Investments Secures Long-term Lease Extension with Dow at Collegeville, Pennsylvania Life Sciences Campus
Long-Term Commitment Coincides with Planned Repositioning into World Class Life Sciences Facility NEW YORK and MORRISTOWN, N.J., Jan. 16, 2024 /PRNewswire/ -- David Werner Real Estate Investments (DWR...
Rithm Capital Corp. Declares Fourth Quarter 2023 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 2023 common and prefe...
Rithm Capital Corp. Completes Acquisition of Sculptor Capital Management
NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE: RITM; “Rithm”) today completed its previously announced acquisition of Sculptor Capital Management Inc. (“Sculptor”) for $12.70 per Class A share ...
Leading Proxy Advisory Firms ISS and Glass Lewis Recommend Sculptor Capital Stockholders Vote “For” Merger With Rithm Capital Corp.
NEW YORK--(BUSINESS WIRE)--Sculptor Capital Management Inc. (NYSE: SCU) (“Sculptor”) today announced that leading proxy advisory firms Institutional Shareholder Services (“ISS”) and Glass Lewis & Co. ...
Rithm Capital Partners with Darwin Homes to Form Innovative Single-Family Rental Management Technology Platform
NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE: RITM) (“Rithm”), an asset manager focused on the real estate and financial services industries, and Darwin Homes, Inc. (“Darwin”), a subsidiary of...
Rithm CEO on Winning Support to Buy Sculptor
Rithm Capital Chairman and CEO Michael Nierenberg talks about the effort to buy Sculptor Capital Management Inc. for $720 million. Shareholders now have to vote on the deal which has the support of Sc...
The Founding Partners of Sculptor Capital Enter Into Agreement With Rithm Capital to Support Increased Offer to Benefit All Sculptor Shareholders
NEW YORK--(BUSINESS WIRE)--The Founding Partners of Sculptor Capital Management, Inc. ("Sculptor" or the "Company") (NYSE: SCU), which group is comprised of Daniel S. Och, Harold Kelly, Richard Lyon, ...
Rithm Capital Corp. Enters into Amended Merger Agreement to Acquire Sculptor Capital Management For $12.70 Per Sculptor Class A Share
NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE: RITM; “Rithm”) and Sculptor Capital Management Inc. (NYSE: SCU; “Sculptor”) today announced they have amended the terms of their previously announ...
Rithm Capital Corp. Announces Third Quarter 2023 Results
NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE: RITM; “Rithm Capital” or the “Company”) today reported the following information for the third quarter ended September 30, 2023: Third Quarter 202...
Rithm Capital Issues Statement Regarding Latest Actions by Certain Former Executive Managing Directors of Sculptor
NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (“Rithm”) (NYSE: RITM) today issued the following statement in response to the complaint filed by the Former EMD Group on October 17, 2023. “During the p...