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Rithm Capital (RITM) Stock Forecast, Price & News

$8.91
+0.02 (+0.22%)
(As of 06/8/2023 ET)
Compare
Today's Range
$8.82
$8.96
50-Day Range
$7.64
$8.92
52-Week Range
$6.86
$11.34
Volume
3.97 million shs
Average Volume
4.24 million shs
Market Capitalization
$4.31 billion
P/E Ratio
15.92
Dividend Yield
11.22%
Price Target
$10.42

Rithm Capital MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
16.8% 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
0.90mentions of Rithm Capital in the last 14 days
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

342nd out of 860 stocks

Real Estate Investment Trusts Industry

52nd out of 189 stocks


RITM stock logo

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

These 10%+ Yields are Mystery Meats – Avoid!
Surprising "Twist" Hands Biden Landslide Re-election?
This could make it harder than ever to hang onto the money you make as Progressives gain power, and America slides further towards Socialism.
Rithm Capital (NYSE: RITM)
Surprising "Twist" Hands Biden Landslide Re-election?
This could make it harder than ever to hang onto the money you make as Progressives gain power, and America slides further towards Socialism.
Rithm: This Massive Yield Is Safe
Q1 2023 Rithm Capital Corp Earnings Call
Rithm: Q1 Earnings Snapshot
Rithm Capital (RITM) to Release Earnings on Thursday
See More Headlines

RITM Price History

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

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
N/A
Sector
Finance
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
+16.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
5 Analysts

Profitability

Net Income
$954.52 million
Pretax Margin
11.72%

Debt

Sales & Book Value

Annual Sales
$4.73 billion
Cash Flow
$1.35 per share
Book Value
$12.14 per share

Miscellaneous

Free Float
480,023,000
Market Cap
$4.31 billion
Optionable
Optionable
Beta
1.79

Key Executives

  • Michael NierenbergMichael 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













RITM Stock - Frequently Asked Questions

Should I buy or sell Rithm Capital stock right now?

5 Wall Street research 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 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 forecast for 2023?

5 Wall Street research analysts have issued 12 month price objectives for Rithm Capital's shares. Their RITM share price forecasts range from $9.00 to $12.00. On average, they predict the company's share price to reach $10.42 in the next year. This suggests a possible upside of 16.8% 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 2023. Since then, RITM stock has increased by 9.1% and is now trading at $8.9150.
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) issued its earnings results on Thursday, May, 4th. The real estate investment trust reported $0.35 EPS for the quarter, topping the consensus estimate of $0.32 by $0.03. The real estate investment trust earned $783.42 million during the quarter, compared to the consensus estimate 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 previous year, the business earned $0.37 EPS.

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. Stockholders 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 dividend on an annualized basis and a yield of 11.22%. The ex-dividend date is Thursday, March 30th.
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 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 retail and institutional 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 $8.92.

How much money does Rithm Capital make?

Rithm Capital (NYSE:RITM) has a market capitalization of $4.31 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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