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

Rithm Capital (NYSE:RITM) posted its earnings results on Thursday. The real estate investment trust reported $0.60 EPS for the quarter, topping analysts’ consensus estimates 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 Trading Up 3.4 %

Rithm Capital stock opened at $11.89 on Friday. The stock has a 50-day moving average price of $11.13 and a 200 day moving average price of $11.14. Rithm Capital has a 52 week low of $9.97 and a 52 week high of $12.02. The stock has a market cap of $6.18 billion, a PE ratio of 12.01 and a beta of 1.79. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.63.

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 $0.25 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.00 annualized dividend and a dividend yield of 8.41%. Rithm Capital’s dividend payout ratio is currently 101.01%.

Analyst Ratings Changes

A number of brokerages have recently commented on RITM. 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. Wedbush restated an “outperform” rating and issued a $14.00 price objective on shares of Rithm Capital in a research note on Thursday, November 7th. JMP Securities reiterated a “market outperform” rating and set a $12.50 target price on shares of Rithm Capital in a research note on Thursday, January 23rd. B. Riley upgraded Rithm Capital to a “strong-buy” rating in a research report on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods increased their price objective on Rithm Capital from $13.00 to $13.50 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Rithm Capital currently has a consensus rating of “Buy” and an average price target of $12.94.

About Rithm Capital

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.