Rithm Capital Corp. (NYSE:RITM - Free Report) - Equities research analysts at B. Riley lowered their Q4 2024 EPS estimates for Rithm Capital in a research report issued to clients and investors on Monday, December 16th. B. Riley analyst M. Howlett now expects that the real estate investment trust will earn $0.46 per share for the quarter, down from their previous estimate of $0.47. The consensus estimate for Rithm Capital's current full-year earnings is $1.93 per share. B. Riley also issued estimates for Rithm Capital's Q1 2025 earnings at $0.46 EPS.
Rithm Capital (NYSE:RITM - Get Free Report) last issued its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.42 by $0.12. Rithm Capital had a return on equity of 17.54% and a net margin of 14.99%. The business had revenue of $619.51 million during the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the business posted $0.58 EPS.
RITM has been the subject of several other research reports. Royal Bank of Canada reiterated an "outperform" rating and issued a $13.00 price objective on shares of Rithm Capital in a research note on Thursday, November 21st. Keefe, Bruyette & Woods boosted their price objective on shares of Rithm Capital from $13.00 to $13.50 and gave the company an "outperform" rating in a research report on Tuesday, December 3rd. Finally, Wedbush reaffirmed an "outperform" rating and set a $14.00 price objective on shares of Rithm Capital in a research note on Thursday, November 7th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Rithm Capital currently has an average rating of "Moderate Buy" and a consensus price target of $12.94.
Read Our Latest Stock Report on RITM
Rithm Capital Price Performance
NYSE:RITM traded down $0.12 during trading hours on Tuesday, hitting $11.06. The company's stock had a trading volume of 2,970,496 shares, compared to its average volume of 3,497,587. The company has a market capitalization of $5.75 billion, a PE ratio of 11.19 and a beta of 1.80. Rithm Capital has a 52-week low of $9.97 and a 52-week high of $12.02. The business's 50-day moving average is $10.84 and its two-hundred day moving average is $11.13. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.35 and a current ratio of 1.35.
Hedge Funds Weigh In On Rithm Capital
Several hedge funds and other institutional investors have recently made changes to their positions in RITM. 1620 Investment Advisors Inc. grew its position in Rithm Capital by 13,718.7% in the second quarter. 1620 Investment Advisors Inc. now owns 45,187 shares of the real estate investment trust's stock valued at $493,000 after acquiring an additional 44,860 shares in the last quarter. &PARTNERS grew its holdings in Rithm Capital by 1.2% during the 2nd quarter. &PARTNERS now owns 220,302 shares of the real estate investment trust's stock valued at $2,403,000 after purchasing an additional 2,637 shares in the last quarter. Traynor Capital Management Inc. purchased a new stake in Rithm Capital during the 2nd quarter worth $152,000. Institute for Wealth Management LLC. lifted its holdings in Rithm Capital by 12.0% in the 2nd quarter. Institute for Wealth Management LLC. now owns 66,576 shares of the real estate investment trust's stock worth $726,000 after buying an additional 7,111 shares in the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new position in Rithm Capital in the 2nd quarter valued at about $263,000. Institutional investors and hedge funds own 44.92% of the company's stock.
Rithm Capital Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a $0.25 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.00 annualized dividend and a yield of 9.05%. Rithm Capital's payout ratio is 101.01%.
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.
See Also
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
Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
