Rithm Capital (NYSE:RITM - Get Free Report) issued its quarterly earnings results on Thursday. The real estate investment trust reported $0.60 EPS for the quarter, beating the consensus estimate 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 Stock Performance
Shares of RITM stock traded up $0.01 on Monday, hitting $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 company has a debt-to-equity ratio of 1.63, a quick ratio of 1.35 and a current ratio of 1.35. The stock's 50 day moving average is $11.16 and its 200-day moving average is $11.14. Rithm Capital has a fifty-two week low of $10.06 and a fifty-two week high of $12.02. The company has a market capitalization of $6.16 billion, a PE ratio of 7.10 and a beta of 1.79.
Rithm Capital Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were given a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.44%. Rithm Capital's payout ratio is presently 59.88%.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on RITM. B. Riley raised Rithm Capital to a "strong-buy" rating in a research report on Tuesday, January 7th. Piper Sandler upped their price objective on Rithm Capital from $11.50 to $12.50 and gave the company a "neutral" rating in a research note on Friday. JMP Securities restated a "market outperform" rating and issued a $12.50 price objective on shares of Rithm Capital in a research note on Thursday, January 23rd. Royal Bank of Canada restated an "outperform" rating and issued a $13.00 price objective on shares of Rithm Capital in a research note on Thursday, November 21st. Finally, Wedbush restated an "outperform" rating and issued a $14.00 price objective on shares of Rithm Capital in a research note on Thursday, November 7th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of $12.94.
Get Our Latest Analysis on Rithm Capital
Rithm Capital Company Profile
(
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.
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