Rithm Capital (NYSE:RITM – Get Free Report) released its quarterly earnings data on Tuesday. The real estate investment trust reported $0.54 EPS for the quarter, topping the consensus estimate of $0.42 by $0.12, RTT News reports. The company had revenue of $619.51 million during the quarter, compared to the consensus estimate of $1.11 billion. Rithm Capital had a net margin of 15.55% and a return on equity of 18.04%. During the same period last year, the firm earned $0.58 EPS.
Rithm Capital Stock Down 0.2 %
RITM traded down $0.02 during midday trading on Thursday, reaching $10.77. The company’s stock had a trading volume of 454,754 shares, compared to its average volume of 3,477,246. The firm has a market capitalization of $5.20 billion, a price-to-earnings ratio of 9.08 and a beta of 1.80. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.81. Rithm Capital has a 1 year low of $9.20 and a 1 year high of $12.02. The stock’s 50-day moving average is $11.25 and its 200-day moving average is $11.18.
Rithm Capital Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 1st will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 9.29%. The ex-dividend date of this dividend is Tuesday, October 1st. Rithm Capital’s dividend payout ratio (DPR) is presently 84.03%.
Analysts Set New Price Targets
Check Out Our Latest Stock Report on Rithm Capital
About Rithm Capital
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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