Analysts Offer Predictions for Rithm Capital FY2025 Earnings

Rithm Capital Corp. (NYSE:RITM) – Equities researchers at B. Riley lifted their FY2025 earnings per share (EPS) estimates for Rithm Capital in a note issued to investors on Wednesday, February 26th. B. Riley analyst R. Binner now forecasts that the real estate investment trust will earn $2.00 per share for the year, up from their prior estimate of $1.96. B. Riley 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 brokerages have also recently weighed in on RITM. Piper Sandler lifted their price target on shares of Rithm Capital from $11.50 to $12.50 and gave the company a “neutral” rating in a research report on Friday, February 7th. Wedbush reiterated an “outperform” rating and issued a $14.00 target price on shares of Rithm Capital in a report on Thursday, November 7th. Keefe, Bruyette & Woods upped 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. JMP Securities reaffirmed a “market outperform” rating and issued a $12.50 price objective on shares of Rithm Capital in a research note on Thursday, January 23rd. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $13.00 price objective on shares of Rithm Capital in a report on Thursday, November 21st. 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 company. Based on data from MarketBeat, Rithm Capital presently has an average rating of “Buy” and an average target price of $13.07.

Rithm Capital Stock Up 0.4 %

Shares of RITM opened at $12.07 on Thursday. The company’s 50-day moving average price is $11.36 and its 200 day moving average price is $11.20. Rithm Capital has a 12-month low of $10.38 and a 12-month high of $12.18. The company has a current ratio of 1.09, a quick ratio of 1.35 and a debt-to-equity ratio of 1.74. The firm has a market cap of $6.28 billion, a P/E ratio of 7.22 and a beta of 1.79.

Rithm Capital (NYSE:RITM) last posted its earnings results on Thursday, February 6th. The real estate investment trust reported $0.60 EPS 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 business 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 8.29%. The ex-dividend date of this dividend was Tuesday, December 31st. Rithm Capital’s dividend payout ratio is currently 59.88%.

Institutional Investors Weigh In On Rithm Capital

A number of hedge funds have recently bought and sold shares of the stock. Truvestments Capital LLC acquired a new position in shares of Rithm Capital during the third quarter worth about $43,000. Wilmington Savings Fund Society FSB purchased a new position in Rithm Capital in the third quarter worth approximately $43,000. Quarry LP grew its holdings in Rithm Capital by 47.5% during the 4th quarter. Quarry LP now owns 4,118 shares of the real estate investment trust’s stock worth $45,000 after acquiring an additional 1,327 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC increased its position in shares of Rithm Capital by 86.7% in the 4th 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 last quarter. Finally, Quadrant Capital Group LLC raised its holdings in shares of Rithm Capital by 35.2% in the 4th 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 in the last quarter. Institutional investors and hedge funds 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.