B. Riley Has Positive View of Rithm Capital FY2025 Earnings

Rithm Capital Corp. (NYSE:RITM) – Investment analysts at B. Riley boosted their FY2025 earnings per share estimates for shares of Rithm Capital in a research note issued on Wednesday, February 26th. B. Riley analyst R. Binner now expects that the real estate investment trust will post earnings of $2.00 per share for the year, up from their previous forecast of $1.96. B. Riley currently has a “Strong-Buy” rating on the stock. The consensus estimate for Rithm Capital’s current full-year earnings is $1.93 per share.

A number of other research analysts also recently weighed in on the company. Royal Bank of Canada reissued 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 raised their price objective on Rithm Capital from $13.00 to $13.50 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Wedbush reissued an “outperform” rating and issued a $14.00 price objective on shares of Rithm Capital in a research note on Thursday, November 7th. Piper Sandler lifted their price target on Rithm Capital from $11.50 to $12.50 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $12.50 price target on shares of Rithm Capital in a research report on Thursday, January 23rd. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Rithm Capital presently has an average rating of “Buy” and a consensus price target of $13.07.

Rithm Capital Stock Up 0.7 %

Shares of RITM stock opened at $12.14 on Thursday. The stock’s 50 day simple moving average is $11.39 and its 200 day simple moving average is $11.21. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.35 and a current ratio of 1.09. Rithm Capital has a twelve month low of $10.38 and a twelve month high of $12.18. The company has a market capitalization of $6.32 billion, a price-to-earnings ratio of 7.27 and a beta of 1.79.

Rithm Capital (NYSE:RITM) last issued its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.16. Rithm Capital had a return on equity of 18.15% and a net margin of 17.79%.

Rithm Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.24%. The ex-dividend date of this dividend was Tuesday, December 31st. Rithm Capital’s dividend payout ratio is presently 59.88%.

Institutional Trading of Rithm Capital

Institutional investors and hedge funds have recently modified their holdings of the company. Truvestments Capital LLC bought a new stake in shares of Rithm Capital during the third quarter valued at approximately $43,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Rithm Capital during the third quarter valued at approximately $43,000. Quarry LP increased its position in shares of Rithm Capital by 47.5% during 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 during the period. Householder Group Estate & Retirement Specialist LLC increased its position in shares of Rithm Capital by 86.7% during 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 period. Finally, Quadrant Capital Group LLC increased its position in shares of 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 valued at $50,000 after purchasing an additional 1,211 shares during the period. 44.92% of the stock is currently owned by institutional investors.

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.