B. Riley Issues Negative Estimate for Rithm Capital Earnings

Rithm Capital Corp. (NYSE:RITM) – Stock analysts at B. Riley reduced their Q4 2024 earnings per share estimates for shares of Rithm Capital in a report issued on Monday, December 16th. B. Riley analyst M. Howlett now anticipates that the real estate investment trust will post earnings of $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.

Several other analysts have also weighed in on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $13.00 target price on shares of Rithm Capital in a report on Thursday, November 21st. Keefe, Bruyette & Woods raised their price target on shares of Rithm Capital from $13.00 to $13.50 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Finally, Wedbush restated an “outperform” rating and issued a $14.00 target price 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 assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $12.94.

Rithm Capital Stock Down 3.2 %

Rithm Capital stock opened at $10.70 on Tuesday. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.35 and a quick ratio of 1.35. The stock’s 50 day moving average price is $10.84 and its 200 day moving average price is $11.12. Rithm Capital has a 1-year low of $9.97 and a 1-year high of $12.02. The company has a market cap of $5.56 billion, a PE ratio of 10.81 and a beta of 1.80.

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

Institutional Trading of Rithm Capital

Hedge funds have recently bought and sold shares of the company. 1620 Investment Advisors Inc. raised its stake in shares of Rithm Capital by 13,718.7% during 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 purchasing an additional 44,860 shares in the last quarter. &PARTNERS lifted its holdings in shares of Rithm Capital by 1.2% during the second 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 during the last quarter. Traynor Capital Management Inc. purchased a new position in Rithm Capital during the 2nd quarter worth approximately $152,000. Institute for Wealth Management LLC. lifted its position in shares of Rithm Capital by 12.0% in the second quarter. Institute for Wealth Management LLC. now owns 66,576 shares of the real estate investment trust’s stock worth $726,000 after purchasing an additional 7,111 shares in the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of Rithm Capital during the 2nd quarter worth about $263,000. 44.92% of the stock is currently owned by institutional investors.

Rithm Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.35%. The ex-dividend date of this dividend is Tuesday, December 31st. Rithm Capital’s payout ratio is 101.01%.

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.