Rithm Capital (RITM) Stock Price, News & Analysis

$11.09
+0.15 (+1.37%)
(As of 04/23/2024 ET)
Today's Range
$10.89
$11.11
50-Day Range
$10.17
$11.33
52-Week Range
$7.59
$11.33
Volume
2.57 million shs
Average Volume
3.44 million shs
Market Capitalization
$5.37 billion
P/E Ratio
10.08
Dividend Yield
9.02%
Price Target
$12.00

Rithm Capital MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
8.2% Upside
$12.00 Price Target
Short Interest
Healthy
1.58% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.61mentions of Rithm Capital in the last 14 days
Based on 9 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
9.47%
From $1.69 to $1.85 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.

3.35 out of 5 stars

Finance Sector

413th out of 838 stocks

Real Estate Investment Trusts Industry

83rd out of 171 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

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RITM Jan 2026 3.000 put
RITM Aug 2024 8.000 put
See More Headlines
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Company Calendar

Ex-Dividend for 1/26 Dividend
12/28/2023
Dividend Payable
1/26/2024
Last Earnings
2/07/2024
Ex-Dividend for 4/26 Dividend
3/28/2024
Today
4/23/2024
Dividend Payable
4/26/2024
Next Earnings (Confirmed)
4/30/2024
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
$12.00
High Stock Price Target
$13.00
Low Stock Price Target
$10.50
Potential Upside/Downside
+8.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
9 Analysts

Profitability

Net Income
$622.26 million
Pretax Margin
23.47%

Debt

Sales & Book Value

Annual Sales
$3.80 billion
Cash Flow
$2.05 per share
Book Value
$12.09 per share

Miscellaneous

Free Float
481,734,000
Market Cap
$5.36 billion
Optionable
Optionable
Beta
1.82
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Key Executives

  • Mr. Michael NierenbergMr. Michael Nierenberg (Age 61)
    Chairman, President & CEO
    Comp: $4.4M
  • Mr. Nicola Santoro Jr. (Age 56)
    CFO, Chief Accounting Officer & Treasurer
    Comp: $1.22M
  • Mr. Philip Matthew Sivin C.F.A. (Age 52)
    Chief Legal Officer & Secretary
    Comp: $849.53k
  • 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
  • Mr. David Schonbraun (Age 46)
    Managing Partner of GreenBarn Investment Group
  • Donald Chan
    Senior Vice President
  • Paul Gross
    Managing Director
  • Evonne Huang
    Senior Vice President

RITM Stock Analysis - Frequently Asked Questions

Should I buy or sell Rithm Capital stock right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Rithm Capital in the last year. There are currently 9 buy ratings for the stock. The consensus among Wall Street equities research 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?

9 equities research analysts have issued 1-year price objectives for Rithm Capital's shares. Their RITM share price targets range from $10.50 to $13.00. On average, they expect the company's stock price to reach $12.00 in the next twelve months. This suggests a possible upside of 8.2% 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 beginning of 2024. Since then, RITM shares have increased by 3.8% and is now trading at $11.09.
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 Tuesday, April 30th 2024.
View our RITM earnings forecast
.

How can I listen to Rithm Capital's earnings call?

Rithm Capital will be holding an earnings conference call on Tuesday, April 30th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "7092834".

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.35 by $0.16. The real estate investment trust had revenue of $709.47 million for the quarter, compared to analyst estimates of $887.04 million. Rithm Capital had a trailing twelve-month return on equity of 18.49% and a net margin of 17.15%. During the same quarter in the prior year, the company posted $0.33 EPS.

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

Rithm Capital declared 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 dividend yield of 9.02%. The ex-dividend date of this dividend 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 9.24%. RITM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 90.91%. 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 54.05% 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 investors include Raymond James Financial Services Advisors Inc. (0.08%), Alaska Permanent Fund Corp (0.05%), &PARTNERS (0.05%), Melia Wealth LLC (0.04%), PFG Investments LLC (0.03%) and SeaCrest Wealth Management LLC (0.02%).
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 4/23/2024 by MarketBeat.com Staff

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