What is B. Riley’s Forecast for Rithm Capital Q4 Earnings?

Rithm Capital Corp. (NYSE:RITM) – Investment analysts at B. Riley reduced their Q4 2024 earnings estimates for Rithm Capital in a research report issued to clients and investors on Monday, December 16th. B. Riley analyst M. Howlett now expects that the real estate investment trust will earn $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.

Rithm Capital (NYSE:RITM) last released its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.12. Rithm Capital had a return on equity of 17.54% and a net margin of 14.99%. The firm had revenue of $619.51 million during the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the firm posted $0.58 earnings per share.

Several other brokerages also recently commented on RITM. Keefe, Bruyette & Woods upped their price target on shares of Rithm Capital from $13.00 to $13.50 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Wedbush restated an “outperform” rating and issued a $14.00 target price on shares of Rithm Capital in a report on Thursday, November 7th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $13.00 price objective on shares of Rithm Capital in a research report on Thursday, November 21st. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Rithm Capital currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.94.

Rithm Capital Price Performance

Shares of NYSE:RITM opened at $11.19 on Tuesday. The company has a market capitalization of $5.81 billion, a PE ratio of 11.30 and a beta of 1.80. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.35 and a current ratio of 1.35. The stock has a fifty day moving average of $10.84 and a 200-day moving average of $11.13. Rithm Capital has a one year low of $9.97 and a one year high of $12.02.

Institutional Trading of Rithm Capital

Several institutional investors have recently added to or reduced their stakes in RITM. Azora Capital LP increased its holdings in Rithm Capital by 107.6% in the 3rd quarter. Azora Capital LP now owns 4,383,821 shares of the real estate investment trust’s stock valued at $49,756,000 after buying an additional 2,271,671 shares during the period. Soros Fund Management LLC bought a new position in Rithm Capital in the third quarter valued at approximately $23,835,000. Seven Grand Managers LLC acquired a new position in Rithm Capital during the third quarter valued at approximately $11,918,000. Maven Securities LTD bought a new stake in Rithm Capital during the third quarter worth $11,350,000. Finally, Wellington Management Group LLP boosted its holdings in shares of Rithm Capital by 37.8% in the 3rd quarter. Wellington Management Group LLP now owns 3,567,917 shares of the real estate investment trust’s stock valued at $40,496,000 after purchasing an additional 978,954 shares in the last quarter. 44.92% of the stock is currently owned by institutional investors.

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 dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 8.94%. Rithm Capital’s dividend payout ratio is 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.