Rithm Capital (NYSE:RITM - Get Free Report) released its quarterly earnings results on Tuesday. The real estate investment trust reported $0.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.42 by $0.12, RTT News reports. The company had revenue of $619.51 million for the quarter, compared to analysts' expectations of $1.11 billion. Rithm Capital had a return on equity of 18.04% and a net margin of 15.55%. During the same quarter in the previous year, the company posted $0.58 earnings per share.
Rithm Capital Stock Up 0.9 %
NYSE:RITM traded up $0.10 during trading hours on Wednesday, hitting $10.80. 4,194,542 shares of the company's stock traded hands, compared to its average volume of 3,492,558. Rithm Capital has a twelve month low of $9.20 and a twelve month high of $12.02. The firm has a market cap of $5.22 billion, a P/E ratio of 9.08 and a beta of 1.80. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.49 and a current ratio of 0.49. The stock's fifty day moving average price is $11.25 and its two-hundred day moving average price is $11.18.
Rithm Capital Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 1st will be given a $0.25 dividend. The ex-dividend date is Tuesday, October 1st. This represents a $1.00 annualized dividend and a dividend yield of 9.26%. Rithm Capital's dividend payout ratio (DPR) is presently 84.03%.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on RITM shares. Royal Bank of Canada restated an "outperform" rating and set a $13.00 price objective on shares of Rithm Capital in a research note on Tuesday, August 13th. JMP Securities increased their price objective on shares of Rithm Capital from $11.00 to $12.50 and gave the company a "market outperform" rating in a report on Friday, July 19th. Finally, Wedbush reissued an "outperform" rating and set a $13.00 target price on shares of Rithm Capital in a report on Friday, August 16th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $12.67.
Check Out Our Latest Report on Rithm Capital
About Rithm Capital
(
Get Free Report)
Rithm Capital Corp. operates as an asset manager focused on real estate, credit, and financial services. It operates through Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable, and Asset Management segments. Its investment portfolio primarily comprises of mortgage servicing rights (MSR), and MSR financing receivables, title, appraisal and property preservation, excess MSRs, and services advance investments; real estate securities, call rights, SFR properties, and residential mortgage loans; consumer and business purpose loans; and asset management related investments.
Featured Stories
Before you consider Rithm Capital, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rithm Capital wasn't on the list.
While Rithm Capital currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
