Rithm Capital Corp. (NYSE:RITM - Free Report) - Equities researchers at Wedbush lowered their Q1 2025 EPS estimates for Rithm Capital in a research note issued to investors on Thursday, March 27th. Wedbush analyst J. Mccanless now expects that the real estate investment trust will earn $0.46 per share for the quarter, down from their previous estimate of $0.50. Wedbush has a "Outperform" rating and a $14.00 price objective on the stock. The consensus estimate for Rithm Capital's current full-year earnings is $1.93 per share. Wedbush also issued estimates for Rithm Capital's Q2 2025 earnings at $0.48 EPS, Q3 2025 earnings at $0.49 EPS, Q4 2025 earnings at $0.53 EPS, FY2025 earnings at $1.96 EPS and FY2026 earnings at $2.03 EPS.
RITM has been the topic of a number of other research reports. B. Riley upgraded Rithm Capital to a "strong-buy" rating in a research report on Tuesday, January 7th. JMP Securities reaffirmed a "market outperform" rating and set a $12.50 price objective on shares of Rithm Capital in a report on Thursday, January 23rd. Finally, Piper Sandler boosted their target price on shares of Rithm Capital from $11.50 to $12.50 and gave the stock a "neutral" rating in a research note on Friday, February 7th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Rithm Capital currently has an average rating of "Buy" and an average price target of $13.25.
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Rithm Capital Price Performance
RITM stock traded down $0.82 during mid-day trading on Monday, reaching $10.44. 15,751,942 shares of the company's stock were exchanged, compared to its average volume of 3,660,064. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.09 and a quick ratio of 1.35. Rithm Capital has a 12-month low of $10.28 and a 12-month high of $12.20. The stock's 50 day moving average is $11.68 and its 200 day moving average is $11.22. The company has a market cap of $5.43 billion, a price-to-earnings ratio of 6.25 and a beta of 1.83.
Rithm Capital (NYSE:RITM - Get Free Report) last posted its earnings results on Thursday, February 6th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.16. Rithm Capital had a net margin of 17.79% and a return on equity of 18.15%.
Rithm Capital Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.58%. The ex-dividend date of this dividend is Monday, March 31st. Rithm Capital's payout ratio is 59.88%.
Hedge Funds Weigh In On Rithm Capital
Several hedge funds and other institutional investors have recently modified their holdings of the business. Wilmington Savings Fund Society FSB acquired a new stake in Rithm Capital in the 3rd quarter valued at about $43,000. Quarry LP grew its position in shares of Rithm Capital by 47.5% in the fourth quarter. Quarry LP now owns 4,118 shares of the real estate investment trust's stock valued at $45,000 after purchasing an additional 1,327 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC increased its holdings in shares of Rithm Capital by 86.7% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 4,439 shares of the real estate investment trust's stock valued at $48,000 after purchasing an additional 2,062 shares during the last quarter. Quadrant Capital Group LLC lifted its position in Rithm Capital by 35.2% during the fourth quarter. Quadrant Capital Group LLC now owns 4,655 shares of the real estate investment trust's stock worth $50,000 after buying an additional 1,211 shares in the last quarter. Finally, Quent Capital LLC boosted its stake in Rithm Capital by 58.6% during the first quarter. Quent Capital LLC now owns 5,465 shares of the real estate investment trust's stock worth $63,000 after buying an additional 2,019 shares during the last quarter. 44.92% of the stock is owned by hedge funds and other institutional investors.
About Rithm Capital
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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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