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NYSE:RITM

Rithm Capital (RITM) Stock Forecast, Price & News

$8.88

+0.12 (+1.37%)

(As of 06/7/2023 ET)

Compare

Today's Range: $8.80
▼
$8.92
50-Day Range: $7.64
▼
$8.88
52-Week Range: $6.86
▼
$11.40

Volume: 3.13 million shs
Average Volume: 3.30 million shs
Market Capitalization: $4.29 billion

P/E Ratio: 15.86
Dividend Yield: 11.26%
Price Target: $10.42

Rithm Capital MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.80 Rating Score
Upside/Downside: 17.3% Upside
$10.42 Price Target
Short Interest: Healthy
1.79% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.90
Based on 8 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 10.00%
From $1.40 to $1.54 Per Share

Overall MarketRank^™

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

2.50 out of 5 stars

Finance Sector

341st out of 858 stocks

Real Estate Investment Trusts Industry

51st out of 188 stocks

2.4

Analyst's Opinion

Consensus Rating
Rithm Capital has received a consensus rating of Buy. The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $10.42, Rithm Capital has a forecasted upside of 17.3% from its current price of $8.88.
Amount of Analyst Coverage
Rithm Capital has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.79% of the float of Rithm Capital has been sold short.
Short Interest Ratio / Days to Cover
Rithm Capital has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month

2.5

Dividend Strength

Dividend Leadership
Rithm Capital is a leading dividend payer. It pays a dividend yield of 11.42%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Rithm Capital does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Rithm Capital is 178.57%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, Rithm Capital will have a dividend payout ratio of 64.94% next year. This indicates that Rithm Capital will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for RITM.

2.7

News and Social Media Coverage

News Sentiment
Rithm Capital has a news sentiment score of 0.90. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.60 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Rithm Capital this week, compared to 3 articles on an average week.
Search Interest
Only 51 people have searched for RITM on MarketBeat in the last 30 days. This is a decrease of -31% compared to the previous 30 days.
MarketBeat Follows
Only 31 people have added Rithm Capital to their MarketBeat watchlist in the last 30 days. This is a decrease of -6% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Rithm Capital insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.62% of the stock of Rithm Capital is held by insiders.
Percentage Held by Institutions
47.30% of the stock of Rithm Capital is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Rithm Capital are expected to grow by 10.00% in the coming year, from $1.40 to $1.54 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Rithm Capital is 15.86, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.17.
Price to Earnings Ratio vs. Sector
The P/E ratio of Rithm Capital is 15.86, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 144.14.
Price to Book Value per Share Ratio
Rithm Capital has a P/B Ratio of 0.73. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Rithm Capital (NYSE:RITM) Stock

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.

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RITM Stock News Headlines

May 16, 2023 | marketbeat.com

These 10%+ Yields are Mystery Meats – Avoid!

June 5, 2023 | msn.com

RBC Capital Reiterates Rithm Capital (RITM) Outperform Recommendation

June 8, 2023 | Edge On The Street (Ad)

Graphite Shortage Could Derail the $7 Trillion EV Transition

Graphite (not lithium) is expected to see the largest increase in demand of all battery metals over the next decade. But projections warn of an 8 million ton shortfall of graphite by 2040. That's why 97 more graphite mines are needed just to keep up with battery production for the $7 trillion transition to electric vehicles.

June 4, 2023 | fool.com

Rithm Capital (NYSE: RITM)

June 2, 2023 | finance.yahoo.com

Rithm Capital Corp. (NYSE:RITM) surges 4.4%; individual investors who own 54% shares profited along with institutions

May 25, 2023 | msn.com

Rithm Capital: This Huge 12% Mortgage Yield Is Sustainable

May 25, 2023 | americanbankingnews.com

Raymond James Lowers Rithm Capital (NYSE:RITM) Price Target to $11.50

May 23, 2023 | msn.com

Raymond James Maintains Rithm Capital (RITM) Outperform Recommendation

June 8, 2023 | Edge On The Street (Ad)

Graphite Shortage Could Derail the $7 Trillion EV Transition

May 17, 2023 | finance.yahoo.com

Rithm Capital (RITM) Reaches 10-Year Mark, $32B in Assets

May 16, 2023 | finance.yahoo.com

Rithm Capital Corp. Celebrates 10 Year Anniversary as a Publicly Traded Company

May 16, 2023 | finance.yahoo.com

Rithm Capital Corp. Announces Hire of Satish Mansukhani as an Investment Strategist

May 16, 2023 | americanbankingnews.com

Equities Analysts Offer Predictions for Rithm Capital Corp.'s Q2 2023 Earnings (NYSE:RITM)

May 12, 2023 | americanbankingnews.com

Q2 2023 EPS Estimates for Rithm Capital Corp. Boosted by Wedbush (NYSE:RITM)

May 11, 2023 | investing.com

Rithm Capital Corp Preferred Series C (RITM_pc)

May 8, 2023 | msn.com

Rithm Capital: Undeservedly Priced For A Crisis

May 7, 2023 | americanbankingnews.com

Rithm Capital Sees Unusually Large Options Volume (NYSE:RITM)

May 6, 2023 | seekingalpha.com

Rithm: This Massive Yield Is Safe

May 5, 2023 | markets.businessinsider.com

Analysts Offer Insights on Financial Companies: Corporate Office Properties (OFC), Rithm Capital (RITM) and Privia Health Group (PRVA)

May 4, 2023 | finance.yahoo.com

Q1 2023 Rithm Capital Corp Earnings Call

May 4, 2023 | finance.yahoo.com

Rithm Capital (RITM) Q1 2023 Earnings Call Transcript

May 4, 2023 | seekingalpha.com

Rithm Capital Corp. (RITM) Q1 2023 Earnings Call Transcript

May 4, 2023 | washingtonpost.com

Rithm: Q1 Earnings Snapshot

May 4, 2023 | finance.yahoo.com

Rithm Capital Corp. Announces First Quarter 2023 Results

May 4, 2023 | seekingalpha.com

Rithm Capital Corp. 2023 Q1 - Results - Earnings Call Presentation

May 3, 2023 | msn.com

Outright Q1 beat seems difficult for Rithm Capital

May 3, 2023 | americanbankingnews.com

Rithm Capital (RITM) to Release Earnings on Thursday

See More Headlines

RITM Price History

30 days | 90 days | 365 days | Advanced Chart

RITM Company Calendar

Ex-Dividend for 4/28 Dividend: 3/30/2023
Dividend Payable: 4/28/2023
Last Earnings: 5/04/2023
Today: 6/08/2023
Next Earnings (Estimated): 8/01/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Real estate investment trusts
Sub-Industry: N/A
Sector: Finance
Current Symbol: NYSE:RITM
CUSIP: N/A
CIK: 1556593
Web: www.rithmcap.com
Phone: (212) 798-3150
Fax: N/A
Employees: 5,763
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $10.42
High Stock Price Forecast: $12.00
Low Stock Price Forecast: $9.00
Forecasted Upside/Downside: +17.3%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.80
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.56
Trailing P/E Ratio: 15.86
Forward P/E Ratio: 6.34
P/E Growth: N/A
Net Income: $954.52 million
Net Margins: 9.52%
Pretax Margin: 11.72%
Return on Equity: 12.41%
Return on Assets: 2.13%

Debt

Debt-to-Equity Ratio: 0.10
Current Ratio: 0.30
Quick Ratio: 0.30

Sales & Book Value

Annual Sales: $4.73 billion
Price / Sales: 0.91
Cash Flow: $1.35 per share
Price / Cash Flow: 6.58
Book Value: $12.14 per share
Price / Book: 0.73

Miscellaneous

Outstanding Shares: 483,020,000
Free Float: 480,023,000
Market Cap: $4.29 billion
Optionable: Optionable
Beta: 1.79

Key Executives

Michael Nierenberg
Chairman, President & Chief Executive Officer

Nicola Santoro
Treasurer, Chief Financial & Accounting Officer

Kevin Fitzgerald
Head-Technology

Satish Mansukhani
Managing Director-Investment Strategy

Tad Wolkin
Director-Treasury

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

RITM Stock - Frequently Asked Questions

Should I buy or sell Rithm Capital stock right now?: 5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Rithm Capital in the last twelve months. There are currently 1 hold rating and 4 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 forecast for 2023?: 5 brokers have issued 12-month price targets for Rithm Capital's stock. Their RITM share price forecasts range from $9.00 to $12.00. On average, they anticipate the company's share price to reach $10.42 in the next year. This suggests a possible upside of 17.3% 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 on January 1st, 2023. Since then, RITM shares have increased by 8.7% and is now trading at $8.88.
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 Tuesday, August 1st 2023.
View our RITM earnings forecast.
How were Rithm Capital's earnings last quarter?: Rithm Capital Corp. (NYSE:RITM) announced its earnings results on Thursday, May, 4th. The real estate investment trust reported $0.35 EPS for the quarter, beating the consensus estimate of $0.32 by $0.03. The real estate investment trust earned $783.42 million during the quarter, compared to analyst estimates of $807.88 million. Rithm Capital had a trailing twelve-month return on equity of 12.41% and a net margin of 9.52%. During the same quarter in the prior year, the business earned $0.37 earnings per share.
How often does Rithm Capital pay dividends? What is the dividend yield for Rithm Capital?: Rithm Capital declared a quarterly dividend on Friday, March 17th. Shareholders of record on Friday, March 31st will be paid a dividend of $0.25 per share on Friday, April 28th. This represents a $1.00 annualized dividend and a dividend yield of 11.26%. The ex-dividend date is Thursday, March 30th.
Read our dividend analysis for RITM.
What ETFs hold Rithm Capital's stock?: ETFs with the largest weight of Rithm Capital (NYSE:RITM) stock in their portfolio include iShares Mortgage Real Estate ETF (REM), VanEck Mortgage REIT Income ETF (MORT), WisdomTree Alternative Income Fund (HYIN), InfraCap Equity Income Fund ETF (ICAP), First Trust Financial AlphaDEX Fund (FXO), Natixis Vaughan Nelson Mid Cap ETF (VNMC), Hoya Capital High Dividend Yield ETF (RIET) and RiverFront Dynamic US Dividend Advantage ETF (RFDA).

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 11.42%. RITM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 178.57%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, RITM will have a dividend payout ratio of 64.94% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RITM.
What is Rithm Capital's stock symbol?: Rithm Capital trades on the New York Stock Exchange (NYSE) under the ticker symbol "RITM."
Who are Rithm Capital's major shareholders?: Rithm Capital's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (5.14%), Bank of America Corp DE (2.04%), Geode Capital Management LLC (1.76%), State of Michigan Retirement System (1.74%), State Street Corp (1.68%) and LSV Asset Management (1.36%). Insiders that own company stock include Alan L Tyson, 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.
What is Rithm Capital's stock price today?: One share of RITM stock can currently be purchased for approximately $8.88.
How much money does Rithm Capital make?: Rithm Capital (NYSE:RITM) has a market capitalization of $4.29 billion and generates $4.73 billion in revenue each year. The real estate investment trust earns $954.52 million in net income (profit) each year or $0.56 on an earnings per share basis.
How many employees does Rithm Capital have?: The company employs 5,763 workers across the globe.
How can I contact Rithm Capital?: Rithm Capital's mailing address is 1345 AVENUE OF THE AMERICAS, NEW YORK NY, 10105. The official website for the company is www.rithmcap.com. The real estate investment trust can be reached via phone at (212) 798-3150 or via email at ir@rithmcap.com.

This page (NYSE:RITM) was last updated on 6/8/2023 by MarketBeat.com Staff

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Rithm Capital (RITM) Stock Forecast, Price & News

Rithm Capital MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Rithm Capital (NYSE:RITM) Stock

RITM Stock News Headlines

RITM Price History

RITM Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Institutional Ownership

RITM Stock - Frequently Asked Questions

Overall MarketRank^™