Rithm Capital (NYSE:RITM) Issues Earnings Results, Beats Expectations By $0.16 EPS

Rithm Capital (NYSE:RITM - Get Free Report) posted its quarterly earnings data on Thursday. The real estate investment trust reported $0.60 EPS for the quarter, topping analysts' consensus estimates of $0.44 by $0.16, Zacks reports. Rithm Capital had a return on equity of 18.46% and a net margin of 17.79%.

Rithm Capital Trading Up 0.0 %

Shares of NYSE:RITM traded up $0.01 during midday trading on Monday, reaching $11.86. The company's stock had a trading volume of 2,989,302 shares, compared to its average volume of 3,813,872. The firm has a market capitalization of $6.16 billion, a price-to-earnings ratio of 7.10 and a beta of 1.79. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.35 and a current ratio of 1.35. The firm has a 50 day moving average price of $11.16 and a two-hundred day moving average price of $11.14. Rithm Capital has a fifty-two week low of $10.06 and a fifty-two week high of $12.02.

Rithm Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.44%. The ex-dividend date of this dividend was Tuesday, December 31st. Rithm Capital's dividend payout ratio is 59.88%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on RITM shares. Wedbush reissued an "outperform" rating and set a $14.00 price objective on shares of Rithm Capital in a report on Thursday, November 7th. Royal Bank of Canada reissued an "outperform" rating and set a $13.00 price objective on shares of Rithm Capital in a report on Thursday, November 21st. Keefe, Bruyette & Woods raised their price objective on Rithm Capital from $13.00 to $13.50 and gave the company an "outperform" rating in a report on Tuesday, December 3rd. Piper Sandler lifted their target price on Rithm Capital from $11.50 to $12.50 and gave the stock a "neutral" rating in a report on Friday. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $12.50 target price on shares of Rithm Capital in a report on Thursday, January 23rd. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $12.94.

Rithm Capital Company Profile

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.