B. Riley Issues Negative Forecast for Rithm Capital Earnings

Rithm Capital Corp. (NYSE:RITM) – Equities researchers at B. Riley cut their Q4 2024 earnings per share estimates for 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 prior 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.

A number of other brokerages have also weighed in on RITM. Keefe, Bruyette & Woods lifted their price objective on Rithm Capital from $13.00 to $13.50 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $13.00 target price on shares of Rithm Capital in a report on Thursday, November 21st. Finally, Wedbush reissued an “outperform” rating and set a $14.00 price target on shares of Rithm Capital in a research note on Thursday, November 7th. One 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, Rithm Capital has an average rating of “Moderate Buy” and a consensus price target of $12.94.

Rithm Capital Stock Down 1.1 %

Shares of NYSE:RITM opened at $11.06 on Tuesday. The company has a market cap of $5.75 billion, a price-to-earnings ratio of 11.19 and a beta of 1.80. Rithm Capital has a fifty-two week low of $9.97 and a fifty-two week high of $12.02. The firm’s 50-day simple moving average is $10.84 and its 200-day simple 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 (NYSE:RITM) last announced its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.12. The company had revenue of $619.51 million for the quarter, compared to analysts’ expectations of $1.11 billion. Rithm Capital had a net margin of 14.99% and a return on equity of 17.54%. During the same period in the previous year, the company posted $0.58 EPS.

Institutional Investors Weigh In On Rithm Capital

Large investors have recently bought and sold shares of the stock. AQR Capital Management LLC lifted its holdings in Rithm Capital by 4.1% in the 2nd quarter. AQR Capital Management LLC now owns 29,848 shares of the real estate investment trust’s stock valued at $326,000 after purchasing an additional 1,183 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Rithm Capital by 8.3% during the third quarter. Empowered Funds LLC now owns 15,824 shares of the real estate investment trust’s stock valued at $176,000 after buying an additional 1,216 shares during the period. Founders Financial Alliance LLC boosted its position in Rithm Capital by 2.6% during the second quarter. Founders Financial Alliance LLC now owns 50,942 shares of the real estate investment trust’s stock worth $556,000 after acquiring an additional 1,286 shares during the last quarter. Atomi Financial Group Inc. grew its stake in Rithm Capital by 6.4% in the 3rd quarter. Atomi Financial Group Inc. now owns 24,711 shares of the real estate investment trust’s stock worth $280,000 after acquiring an additional 1,481 shares during the period. Finally, Cerity Partners LLC boosted its holdings in shares of Rithm Capital by 2.1% during the third quarter. Cerity Partners LLC now owns 72,434 shares of the real estate investment trust’s stock worth $822,000 after purchasing an additional 1,508 shares during the last quarter. Institutional investors and hedge funds own 44.92% of the company’s stock.

Rithm Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 9.05%. The ex-dividend date of this dividend is Tuesday, December 31st. Rithm Capital’s dividend payout ratio (DPR) is presently 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.