B. Riley Decreases Earnings Estimates for Rithm Capital

Rithm Capital Corp. (NYSE:RITM) – Research analysts at B. Riley lowered their FY2026 EPS estimates for Rithm Capital in a report released on Monday, April 21st. B. Riley analyst R. Binner now expects that the real estate investment trust will post earnings per share of $2.10 for the year, down from their previous forecast of $2.15. 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.

Rithm Capital (NYSE:RITM) last released its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.16. Rithm Capital had a net margin of 17.79% and a return on equity of 18.15%.

A number of other brokerages also recently issued reports on RITM. JMP Securities reaffirmed a “market outperform” rating and issued a $12.50 price target on shares of Rithm Capital in a report on Thursday, January 23rd. Piper Sandler upped their target price on shares of Rithm Capital from $11.50 to $12.50 and gave the company a “neutral” rating in a report on Friday, February 7th. Wedbush reiterated an “outperform” rating and set a $14.00 price target on shares of Rithm Capital in a research note on Friday, March 28th. Finally, UBS Group decreased their price objective on shares of Rithm Capital from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, April 16th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned 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 $13.21.

Rithm Capital Trading Up 0.2 %

NYSE:RITM opened at $10.33 on Wednesday. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.35 and a current ratio of 1.09. Rithm Capital has a 1 year low of $9.13 and a 1 year high of $12.20. The stock has a market cap of $5.48 billion, a P/E ratio of 6.19 and a beta of 1.36. The stock has a 50-day simple moving average of $11.24 and a 200-day simple moving average of $11.09.

Rithm Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 9.68%. Rithm Capital’s dividend payout ratio (DPR) is 59.88%.

Hedge Funds Weigh In On Rithm Capital

Several institutional investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Rithm Capital in the fourth quarter valued at approximately $76,082,000. JPMorgan Chase & Co. raised its position in Rithm Capital by 119.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,608,008 shares of the real estate investment trust’s stock worth $52,301,000 after buying an additional 2,504,529 shares during the last quarter. Balyasny Asset Management L.P. boosted its holdings in shares of Rithm Capital by 48.6% in the fourth quarter. Balyasny Asset Management L.P. now owns 6,535,525 shares of the real estate investment trust’s stock valued at $70,780,000 after acquiring an additional 2,136,342 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Rithm Capital by 78.3% during the fourth quarter. First Trust Advisors LP now owns 3,304,999 shares of the real estate investment trust’s stock worth $35,793,000 after acquiring an additional 1,451,829 shares during the period. Finally, Nomura Holdings Inc. acquired a new position in shares of Rithm Capital during the fourth quarter worth about $13,913,000. Institutional investors and hedge funds own 44.92% of the company’s stock.

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.