Rithm Capital (RITM) Stock Price, News & Analysis

$11.46
0.00 (0.00%)
(As of 05/17/2024 ET)
Today's Range
$11.44
$11.53
50-Day Range
$10.53
$11.56
52-Week Range
$7.80
$11.60
Volume
2.64 million shs
Average Volume
3.38 million shs
Market Capitalization
$5.54 billion
P/E Ratio
7.64
Dividend Yield
8.73%
Price Target
$12.32

Rithm Capital MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.90 Rating Score
Upside/​Downside
7.5% Upside
$12.32 Price Target
Short Interest
Healthy
1.36% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.44mentions of Rithm Capital in the last 14 days
Based on 19 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
5.68%
From $1.76 to $1.86 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.81 out of 5 stars

Finance Sector

331st out of 874 stocks

Real Estate Investment Trusts Industry

61st out of 184 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: Get Paid 8.79% As Investors Await Its Transition
Rithm Capital (RITM) Receives a New Rating from a Top Analyst
Rithm Capital (NYSE:RITM) Receives Buy Rating from B. Riley
Where Rithm Capital Stands With Analysts
Rithm Capital Stock: Buy, Sell, or Hold?
See More Headlines
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Company Calendar

Last Earnings
2/07/2024
Ex-Dividend for 4/26 Dividend
3/28/2024
Dividend Payable
4/26/2024
Today
5/17/2024
Next Earnings (Estimated)
8/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
N/A
Fax
N/A
Employees
6,570
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$12.32
High Stock Price Target
$14.00
Low Stock Price Target
$11.00
Potential Upside/Downside
+7.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.90
Research Coverage
10 Analysts

Profitability

Net Income
$622.26 million
Pretax Margin
25.72%

Debt

Sales & Book Value

Annual Sales
$3.80 billion
Cash Flow
$1.98 per share
Book Value
$12.38 per share

Miscellaneous

Free Float
481,351,000
Market Cap
$5.54 billion
Optionable
Optionable
Beta
1.80
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Key Executives

  • Mr. Michael NierenbergMr. Michael Nierenberg (Age 61)
    Chairman, President & CEO
    Comp: $11.41M
  • Mr. Nicola Santoro Jr. (Age 56)
    CFO, Chief Accounting Officer & Treasurer
    Comp: $1.43M
  • Mr. Philip Matthew Sivin C.F.A. (Age 52)
    Chief Legal Officer & Secretary
    Comp: $1.22M
  • Charles Sorrentino
    Managing Director
  • Varun Wadhawan
    Managing Director
  • Sanjeev Khanna
    Managing Director
  • Mr. Kenneth Matthew Bruce
    Managing Director
  • Mr. Satish Motilal Mansukhani
    Managing Director of Investment Strategy
  • Mr. Martin Migliara
    Managing Director of Europe
  • Mr. David T. Welsh
    Managing Partner of GreenBarn Investment Group

RITM Stock Analysis - Frequently Asked Questions

Should I buy or sell Rithm Capital stock right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Rithm Capital in the last year. There are currently 1 hold rating and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" RITM shares.
View RITM analyst ratings
or view top-rated stocks.

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

10 brokers have issued 12 month target prices for Rithm Capital's stock. Their RITM share price targets range from $11.00 to $14.00. On average, they predict the company's stock price to reach $12.32 in the next twelve months. This suggests a possible upside of 7.5% 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 2024?

Rithm Capital's stock was trading at $10.68 at the start of the year. Since then, RITM stock has increased by 7.3% and is now trading at $11.46.
View the best growth stocks for 2024 here
.

When is Rithm Capital's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 7th 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 Wednesday, February, 7th. The real estate investment trust reported $0.51 EPS for the quarter, beating the consensus estimate of $0.35 by $0.16. The real estate investment trust earned $709.47 million during the quarter, compared to analyst estimates of $887.04 million. Rithm Capital had a trailing twelve-month return on equity of 19.33% and a net margin of 19.77%. During the same period in the previous year, the business earned $0.33 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 Wednesday, March 20th. Investors of record on Monday, April 1st will be paid a dividend of $0.25 per share on Friday, April 26th. This represents a $1.00 dividend on an annualized basis and a yield of 8.73%. The ex-dividend date is Thursday, March 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 8.65%. RITM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 66.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RITM will have a dividend payout ratio of 53.76% 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 variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.48%), LSV Asset Management (1.29%), Long Pond Capital LP (0.98%), BlueCrest Capital Management Ltd (0.44%), Van ECK Associates Corp (0.42%) and Mirae Asset Global Investments Co. Ltd. (0.18%).
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:RITM) was last updated on 5/17/2024 by MarketBeat.com Staff

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