B. Riley Issues Negative Forecast for Rithm Capital Earnings

Rithm Capital Corp. (NYSE:RITM) – Investment analysts at B. Riley decreased their Q4 2024 earnings estimates for shares of Rithm Capital in a research note issued to investors on Monday, December 16th. B. Riley analyst M. Howlett now anticipates that the real estate investment trust will post earnings per share of $0.46 for the quarter, down from their previous forecast 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.

Several other research analysts also recently commented on the company. Wedbush reiterated an “outperform” rating and issued a $14.00 price objective on shares of Rithm Capital in a report on Thursday, November 7th. Keefe, Bruyette & Woods lifted their price target on Rithm Capital from $13.00 to $13.50 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $13.00 price objective on shares of Rithm Capital in a research report on Thursday, November 21st. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $12.94.

Rithm Capital Price Performance

Shares of NYSE:RITM opened at $11.19 on Tuesday. The company’s fifty day moving average is $10.84 and its 200 day moving average is $11.13. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.63. Rithm Capital has a 52 week low of $9.97 and a 52 week high of $12.02. The stock has a market cap of $5.81 billion, a PE ratio of 11.30 and a beta of 1.80.

Rithm Capital (NYSE:RITM) last issued its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.12. The firm had revenue of $619.51 million during the quarter, compared to the consensus estimate of $1.11 billion. Rithm Capital had a return on equity of 17.54% and a net margin of 14.99%. During the same quarter last year, the company posted $0.58 EPS.

Rithm Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 8.94%. Rithm Capital’s dividend payout ratio is currently 101.01%.

Institutional Trading of Rithm Capital

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. raised its stake in Rithm Capital by 154.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,513 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 1,525 shares in the last quarter. Truvestments Capital LLC purchased a new stake in shares of Rithm Capital in the third quarter valued at approximately $43,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Rithm Capital during the third quarter valued at $43,000. Godsey & Gibb Inc. purchased a new stake in shares of Rithm Capital in the 3rd quarter worth approximately $51,000. Finally, Future Financial Wealth Managment LLC purchased a new position in shares of Rithm Capital in the 3rd quarter valued at $73,000. Hedge funds and other institutional investors own 44.92% of the company’s stock.

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.