Rithm Capital Corp. (RITM)

NYSE: RITM · IEX Real-Time Price · USD
10.80
-0.18 (-1.64%)
Mar 4, 2024, 4:00 PM EST - Market closed
-1.64%
Market Cap 5.31B
Revenue (ttm) 3.69B
Net Income (ttm) 532.68M
Shares Out 483.23M
EPS (ttm) 1.10
PE Ratio 9.82
Forward PE 6.42
Dividend $1.00 (9.26%)
Ex-Dividend Date Dec 28, 2023
Volume 2,997,467
Open 10.97
Previous Close 10.98
Day's Range 10.80 - 10.98
52-Week Range 7.40 - 11.15
Beta 1.79
Analysts Strong Buy
Price Target 12.21 (+13.06%)
Earnings Date Feb 7, 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]

Industry REIT - Mortgage
Sector Real Estate
Founded 2011
Employees 6,570
Stock Exchange NYSE
Ticker Symbol RITM
Full Company Profile

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 Statements

Analyst Forecast

According to 7 analysts, the average rating for RITM stock is "Strong Buy." The 12-month stock price forecast is $12.21, which is an increase of 13.06% from the latest price.

Price Target
$12.21
(13.06% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

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 ...

13 hours ago - Business Wire

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...

13 hours ago - Business Wire

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...

Other symbols: AJX
7 days ago - Business Wire

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...

11 days ago - Business Wire

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...

26 days ago - CNBC Television

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...

26 days ago - Business Wire

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...

4 weeks ago - Business Wire

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...

5 weeks ago - Business Wire

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...

6 weeks ago - PRNewsWire

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...

2 months ago - Business Wire

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 ...

3 months ago - Business Wire

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. ...

4 months ago - Business Wire

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...

Other symbols: PGY
4 months ago - Business Wire

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...

4 months ago - Bloomberg Markets and Finance

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, ...

4 months ago - Business Wire

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...

4 months ago - Business Wire

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...

4 months ago - Business Wire

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...

4 months ago - Business Wire

Rithm Capital Corp. Schedules Third Quarter 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 third quarter 2023 financial results for the period ended Septembe...

4 months ago - Business Wire

SCULPTOR CAPITAL INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Sculptor Capital Management Inc. - SCU

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Sculptor Capital...

5 months ago - Business Wire

Rithm Capital Corp. Enters into Amended Definitive Merger Agreement to Acquire Sculptor Capital Management for $12.00 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 that they have amended the terms of their previously...

5 months ago - Business Wire

Rithm Capital to Acquire Specialized Loan Servicing LLC

NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE: RITM) (“Rithm Capital”), an asset manager focused on the real estate and financial services industries, today announced it has entered into a defi...

5 months ago - Business Wire

Rithm Capital Corp. Declares Third 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 third quarter 2023 common and prefer...

6 months ago - Business Wire

How To Earn $500 A Month With This $10 Stock - Rithm Capital (NYSE:RITM)

Wall Street isn't just a playground for institutional giants, it's a treasure trove of opportunities for retail investors too. If you're looking to earn some passive income, you may want to pay attent...

6 months ago - Benzinga

Rithm Capital Corp., American Real Estate Partners, and GreenBarn Investment Group Acquire and Launch CityHouse Ashburn Station, a Luxury 200-Unit Subdivision for $120M

ASHBURN, Va.--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE: RITM; "Rithm"), American Real Estate Partners ("AREP"), and GreenBarn Investment Group ("GreenBarn") announced today that they have partnered ...

7 months ago - Business Wire