FY2025 EPS Estimates for Rithm Capital Increased by Analyst

Rithm Capital Corp. (NYSE:RITM) – Equities research analysts at B. Riley lifted their FY2025 earnings per share estimates for Rithm Capital in a research note issued on Wednesday, February 26th. B. Riley analyst R. Binner now forecasts that the real estate investment trust will post earnings of $2.00 per share for the year, up from their prior 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.

RITM has been the topic of several other research reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $13.00 price target on shares of Rithm Capital in a research note on Thursday, November 21st. Piper Sandler lifted their price target 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. Keefe, Bruyette & Woods raised their price objective on shares of Rithm Capital from $13.00 to $13.50 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Wedbush reaffirmed an “outperform” rating and set a $14.00 price target on shares of Rithm Capital in a research report on Thursday, November 7th. Finally, JMP Securities reissued a “market outperform” rating and issued a $12.50 price objective on shares of Rithm Capital in a report on Thursday, January 23rd. One equities 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 stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $13.07.

Rithm Capital Trading Up 0.7 %

NYSE RITM opened at $12.03 on Thursday. The company’s fifty day simple moving average is $11.36 and its 200-day simple moving average is $11.20. The stock has a market cap of $6.26 billion, a P/E ratio of 7.20 and a beta of 1.79. Rithm Capital has a 52 week low of $10.38 and a 52 week high of $12.10. The company has a current ratio of 1.09, a quick ratio of 1.35 and a debt-to-equity ratio of 1.74.

Rithm Capital (NYSE:RITM) last announced its earnings results on Thursday, February 6th. The real estate investment trust reported $0.60 EPS for the quarter, beating the consensus estimate 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 announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 8.32%. The ex-dividend date of this dividend was Tuesday, December 31st. Rithm Capital’s dividend payout ratio (DPR) is 59.88%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RITM. Charles Schwab Investment Management Inc. boosted its stake in Rithm Capital by 7.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,364,962 shares of the real estate investment trust’s stock valued at $60,892,000 after purchasing an additional 366,600 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Rithm Capital by 119.1% during the third quarter. JPMorgan Chase & Co. now owns 4,608,008 shares of the real estate investment trust’s stock valued at $52,301,000 after buying an additional 2,504,529 shares in the last quarter. Van ECK Associates Corp grew its holdings in Rithm Capital by 20.7% during the third quarter. Van ECK Associates Corp now owns 2,004,057 shares of the real estate investment trust’s stock worth $21,163,000 after acquiring an additional 343,678 shares during the period. Neo Ivy Capital Management bought a new stake in Rithm Capital in the third quarter worth about $1,476,000. Finally, EMC Capital Management lifted its holdings in Rithm Capital by 1,349.0% in the 4th quarter. EMC Capital Management now owns 35,371 shares of the real estate investment trust’s stock valued at $383,000 after acquiring an additional 32,930 shares during the last quarter. 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.