Rithm Capital (NYSE:RITM) Releases Earnings Results, Beats Estimates By $0.16 EPS

Rithm Capital (NYSE:RITM) released its quarterly earnings data on Thursday. The real estate investment trust reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.16, Zacks reports. Rithm Capital had a return on equity of 17.54% and a net margin of 14.99%.

Rithm Capital Stock Up 2.8 %

Shares of RITM stock traded up $0.33 on Thursday, reaching $11.82. 4,892,848 shares of the company were exchanged, compared to its average volume of 3,778,173. 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 company has a 50-day moving average of $11.13 and a 200-day moving average of $11.14. The company has a market cap of $6.14 billion, a price-to-earnings ratio of 11.94 and a beta of 1.79. Rithm Capital has a one year low of $9.97 and a one year high of $12.02.

Rithm Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 8.46%. The ex-dividend date of this dividend was Tuesday, December 31st. Rithm Capital’s dividend payout ratio (DPR) is currently 101.01%.

Analyst Ratings Changes

RITM has been the subject of several research reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $13.00 target price on shares of Rithm Capital in a research report on Thursday, November 21st. Keefe, Bruyette & Woods raised their price objective 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. Wedbush reissued an “outperform” rating and set a $14.00 target price on shares of Rithm Capital in a report on Thursday, November 7th. JMP Securities reaffirmed a “market outperform” rating and set a $12.50 price target on shares of Rithm Capital in a research note on Thursday, January 23rd. Finally, B. Riley upgraded Rithm Capital to a “strong-buy” rating in a report on Tuesday, January 7th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $12.94.

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.