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Stock market today: Shares mixed in Asia ahead of updates on jobs, inflation
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
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Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Economists predict US inflation will keep cooling and the economy can avoid a recession
Alaska Air Group announces it has agreed to buy Hawaiian Airlines in a $1.9 billion deal with debt
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
Man kills 4 relatives in Queens knife rampage, injures 2 officers before he's fatally shot by police
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
British military reports an explosion off the coast of Yemen in the key Bab el-Mandeb Strait
Stock market today: Shares mixed in Asia ahead of updates on jobs, inflation
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Alaska Air to buy Hawaiian Airlines in a $1.9 billion deal that may attract regulator scrutiny
Watchdog: Western arms companies failed to ramp up production capacity in 2022 due to Ukraine war
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Economists predict US inflation will keep cooling and the economy can avoid a recession
Alaska Air Group announces it has agreed to buy Hawaiian Airlines in a $1.9 billion deal with debt
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
Man kills 4 relatives in Queens knife rampage, injures 2 officers before he's fatally shot by police
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
British military reports an explosion off the coast of Yemen in the key Bab el-Mandeb Strait
Stock market today: Shares mixed in Asia ahead of updates on jobs, inflation
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Alaska Air to buy Hawaiian Airlines in a $1.9 billion deal that may attract regulator scrutiny
Watchdog: Western arms companies failed to ramp up production capacity in 2022 due to Ukraine war
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Economists predict US inflation will keep cooling and the economy can avoid a recession
Alaska Air Group announces it has agreed to buy Hawaiian Airlines in a $1.9 billion deal with debt
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
Man kills 4 relatives in Queens knife rampage, injures 2 officers before he's fatally shot by police
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
British military reports an explosion off the coast of Yemen in the key Bab el-Mandeb Strait
Stock market today: Shares mixed in Asia ahead of updates on jobs, inflation
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Alaska Air to buy Hawaiian Airlines in a $1.9 billion deal that may attract regulator scrutiny
Watchdog: Western arms companies failed to ramp up production capacity in 2022 due to Ukraine war
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Economists predict US inflation will keep cooling and the economy can avoid a recession
Alaska Air Group announces it has agreed to buy Hawaiian Airlines in a $1.9 billion deal with debt

Rithm Capital Stock Price, News & Analysis (NYSE:RITM)

$10.56
+0.18 (+1.73%)
(As of 12/1/2023 ET)
Compare
Today's Range
$10.34
$10.57
50-Day Range
$8.95
$10.57
52-Week Range
$7.40
$10.57
Volume
3.97 million shs
Average Volume
2.59 million shs
Market Capitalization
$5.10 billion
P/E Ratio
7.28
Dividend Yield
9.47%
Price Target
$11.50

Rithm Capital MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
8.9% Upside
$11.50 Price Target
Short Interest
Healthy
1.55% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.89mentions of Rithm Capital in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-18.65%
From $1.93 to $1.57 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.24 out of 5 stars

Real Estate Sector

8th out of 23 stocks

REIT - Mortgage Industry

2nd out of 2 stocks


RITM stock logo

About Rithm Capital Stock (NYSE:RITM)

Rithm Capital Corp., formerly New Residential Investment Corp., is a leading manager of assets and investments across the real estate and financial services space. The company was created in 2011 to hold mortgage servicing rights and other mortgage-related assets, and since then, it has evolved into a diversified platform of investments. With approximately $7 billion in equity and over $4.3 billion in dividends distributed, Rithm Capital has established itself as a reliable and strategic investment opportunity for shareholders.

Headquartered in New York, Rithm Capital aims to create new opportunities for growth in 2023 and beyond as it builds out its private capital business and manages third-party capital. The company's success is attributed to its strategic approach, which is focused on a diverse, complementary, and adaptable portfolio of investments. This includes operating companies, investment portfolios, and recently launched private capital businesses.

Michael Nierenberg is the Chief Executive Officer, Chairman of the Board, and President of Rithm Capital. Nierenberg has worked for the company since its inception in 2013 and has played a pivotal role in its success. Before his CEO role, Nierenberg served as Managing Director and Head of Global Mortgages and Securitized Products at Bank of America Merrill Lynch. He also held senior leadership positions at Bear Stearns for 14 years, including Head of Interest Rate and Foreign Exchange Trading Operations, Co-Head of Structured Products, and Co-Head of Mortgage-Backed Securities Trading. Nick Santoro is the Chief Financial Officer and Chief Accounting Officer of Rithm Capital. Santoro has been with the company since 2015 and is a Certified Public Accountant.

Rithm Capital has demonstrated solid financial performance over the past few years, with notable revenue, earnings, and profit margins. The company's debt levels have remained manageable, and it has not made any significant changes in ownership recently. Rithm Capital's valuation metrics, such as price-to-earnings or price-to-book ratio, compared to industry peers, are favorable and suggest that the company's stock is undervalued. Regarding market performance, Rithm Capital's stock has experienced significant price movements and changes in trading volume. However, the company has remained resilient and continues to deliver value to its shareholders.

Rithm Capital operates in the real estate and financial services space, a highly competitive industry. The company faces competitors, including other asset management firms and financial institutions. The industry is also subject to regulatory and political issues that may impact the company's performance.

Despite these challenges, Rithm Capital has several growth opportunities in the pipeline. The company has expanded its business into private capital to diversify its investment platform and generate recurring earnings for shareholders. Additionally, Rithm Capital plans to create new opportunities for growth in 2023 and beyond by managing third-party capital and building out its private capital business.

However, like any company, Rithm Capital is not immune to risks and challenges. Consumer preferences, regulatory changes, and competitive pressures may impact the company's performance. Additionally, economic downturns may adversely affect the company's revenue and earnings.

RITM Stock Price History

RITM Stock News Headlines

Rithm Capital (NYSE:RITM) Sets New 1-Year High at $10.45
Analysts Set Rithm Capital Corp. (NYSE:RITM) Price Target at $11.50
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
RITM.PR.A Rithm Capital Corp. 7.50% PFD SER A
Rithm Capital completes acquisition of Sculptor
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Rithm Capital Corp RITM
JonesTrading Upgrades Rithm Capital (RITM)
Q3 2023 Rithm Capital Corp Earnings Call
Rithm Capital Corp. Announces Third Quarter 2023 Results
See More Headlines
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Company Calendar

Ex-Dividend for 10/27 Dividend
9/28/2023
Last Earnings
10/26/2023
Dividend Payable
10/27/2023
Today
12/03/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/14/2024

Industry, Sector and Symbol

Industry
REIT - Mortgage
Sub-Industry
N/A
Fax
N/A
Employees
6,098
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$11.50
High Stock Price Target
$12.00
Low Stock Price Target
$10.50
Potential Upside/Downside
+8.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
6 Analysts

Profitability

Net Income
$954.52 million
Pretax Margin
23.90%

Debt

Sales & Book Value

Annual Sales
$4.73 billion
Cash Flow
$1.33 per share
Book Value
$12.44 per share

Miscellaneous

Free Float
480,218,000
Market Cap
$5.10 billion
Optionable
Optionable
Beta
1.84
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Key Executives

  • Mr. Michael NierenbergMr. Michael Nierenberg (Age 60)
    Chairman, President & CEO
    Comp: $4.4M
  • Mr. Nicola Santoro Jr. (Age 55)
    CFO & Chief Accounting Officer
    Comp: $1.22M
  • Mr. Philip Matthew Sivin C.F.A. (Age 51)
    Chief Legal Officer & Secretary
    Comp: $849.53k
  • Kevin Fitzgerald
    Head of Technology
  • Mr. Kenneth Matthew Bruce
    Managing Director of Investor Relations
  • Charles Sorrentino
    Managing Director
  • Varun Wadhawan
    Managing Director
  • Sanjeev Khanna
    Managing Director
  • Mr. Satish Motilal Mansukhani
    Managing Director of Investment Strategy
  • Mr. Martin Migliara
    Managing Director of Europe














RITM Stock Analysis - Frequently Asked Questions

Should I buy or sell Rithm Capital stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Rithm Capital in the last year. There are currently 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" RITM shares.
View RITM analyst ratings
or view top-rated stocks.

What is Rithm Capital's stock price target for 2024?

6 equities research analysts have issued twelve-month price targets for Rithm Capital's stock. Their RITM share price targets range from $10.50 to $12.00. On average, they predict the company's share price to reach $11.50 in the next twelve months. This suggests a possible upside of 8.9% from the stock's current price.
View analysts price targets for RITM
or view top-rated stocks among Wall Street analysts.

How have RITM shares performed in 2023?

Rithm Capital's stock was trading at $8.17 at the beginning of the year. Since then, RITM stock has increased by 29.3% and is now trading at $10.56.
View the best growth stocks for 2023 here
.

When is Rithm Capital's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 14th 2024.
View our RITM earnings forecast
.

How were Rithm Capital's earnings last quarter?

Rithm Capital Corp. (NYSE:RITM) issued its quarterly earnings data on Thursday, October, 26th. The real estate investment trust reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.24. The real estate investment trust earned $1.09 billion during the quarter, compared to the consensus estimate of $922.90 million. Rithm Capital had a net margin of 21.51% and a trailing twelve-month return on equity of 17.01%. The company's revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.32 earnings per share.

How often does Rithm Capital pay dividends? What is the dividend yield for Rithm Capital?

Rithm Capital announced a quarterly dividend on Thursday, September 14th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.25 per share on Friday, October 27th. This represents a $1.00 annualized dividend and a dividend yield of 9.47%. The ex-dividend date is Thursday, September 28th.
Read our dividend analysis for RITM
.

Is Rithm Capital a good dividend stock?

Rithm Capital (NYSE:RITM) pays an annual dividend of $1.00 per share and currently has a dividend yield of 9.47%. RITM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 68.97%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RITM will have a dividend payout ratio of 63.69% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RITM.

Who are Rithm Capital's major shareholders?

Rithm Capital's stock is owned by a number of institutional and retail investors. Top institutional shareholders include LSV Asset Management (1.33%), Charles Schwab Investment Management Inc. (0.98%), Morgan Stanley (0.97%), Northern Trust Corp (0.79%), Vaughan Nelson Investment Management L.P. (0.64%) and Advisors Capital Management LLC (0.50%). Insiders that own company stock include Michael Nierenberg and Robert Mcginnis.
View institutional ownership trends
.

How do I buy shares of Rithm Capital?

Shares of RITM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:RITM) was last updated on 12/3/2023 by MarketBeat.com Staff

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