Rithm Capital Corp. (NYSE:RITM)

Rithm Capital Corp. RITM

Real Estate - REIT - Mortgage - NYSE - US

Watchlist

$ 10.72

-0.557 %

$ 5.57 B

Market Cap

10.94

P/E

1. INTRINSIC VALUE

Rithm Capital Corp. provides capital and services to the real estate and financial services sectors in the United States. Its investment portfolio comprises mortgage servicing related assets, residential securities and loans, and consumer loans. It qualifies as a real estate investment trust for federal income tax purposes. The company generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as New Residential Investment Corp. and changed its name to Rithm Capital Corp. in August 2022. Rithm Capital Corp. was incorporated in 2011 and is headquartered in New York, New York.[ Read More ]

The intrinsic value of one RITM stock under the base case scenario is HIDDEN Compared to the current market price of 10.7 USD, Rithm Capital Corp. is HIDDEN

RITM Intrinsic Value
HIDDEN

SHOW

2. FUNDAMENTAL ANALYSIS

Price Chart RITM

FINANCIALS

Annual
Quarterly

3.76 B REVENUE

Growth Rates

1Year -1.54%

3Years 462.59%

5Years 21.32%

7Years 24.23%

10Years 28.19%

2.15 B OPERATING INCOME

Growth Rates

1Year 19.68%

3Years 52.49%

5Years 7.55%

7Years 12.98%

10Years 22.59%

631 M NET INCOME

Growth Rates

1Year -35.86%

3Years 35.08%

5Years -8.89%

7Years 1.14%

10Years 9.03%

694 M OPERATING CASH FLOW

Growth Rates

1Year -89.91%

3Years -27.97%

5Years 20.72%

7Years 3.08%

10Years 16.32%

217 M INVESTING CASH FLOW

Growth Rates

1Year 9.32%

3Years -70.73%

5Years 15.35%

7Years 18.01%

10Years 8.29%

-843 M FINANCING CASH FLOW

Growth Rates

1Year 87.93%

3Years 56.32%

5Years -2.52%

7Years -17.71%

10Years -5.80%

-254 M REVENUE

Growth Rates

1Year -1.54%

3Years 462.59%

5Years 21.32%

7Years 24.23%

10Years 28.19%

-728 M OPERATING INCOME

Growth Rates

1Year 19.68%

3Years 52.49%

5Years 7.55%

7Years 12.98%

10Years 22.59%

-662 B NET INCOME

Growth Rates

1Year -35.86%

3Years 35.08%

5Years -8.89%

7Years 1.14%

10Years 9.03%

-5.36 M OPERATING CASH FLOW

Growth Rates

1Year -89.91%

3Years -27.97%

5Years 20.72%

7Years 3.08%

10Years 16.32%

-671 M INVESTING CASH FLOW

Growth Rates

1Year 9.32%

3Years -70.73%

5Years 15.35%

7Years 18.01%

10Years 8.29%

444 M FINANCING CASH FLOW

Growth Rates

1Year 87.93%

3Years 56.32%

5Years -2.52%

7Years -17.71%

10Years -5.80%

Balance Sheet Decomposition Rithm Capital Corp.

39.9 B ASSETS
32.8 B LIABILITIES

Current Assets	268 K
Cash & Short-Term Investments	268 K
Receivables	5.52 B
Other Current Assets	-5.52 B
Non-Current Assets	46.7 K
Long-Term Investments	0
PP&E	144 M
Other Non-Current Assets	-144 M

Current Liabilities	2.8 B
Accounts Payable	332 M
Short-Term Debt	41.5 M
Other Current Liabilities	2.42 B
Non-Current Liabilities	26.9 B
Long-Term Debt	26.9 B
Other Non-Current Liabilities	0

EFFICIENCY

Earnings Waterfall Rithm Capital Corp.

Revenue	3.76 B
Cost Of Revenue	3.25 B
Gross Profit	507 M
Operating Expenses	2.08 B
Operating Income	2.15 B
Other Expenses	1.52 B
Net Income	631 M

RATIOS

13.51% GROSS MARGIN

Averages

1Year 13.51%

3Years 48.17%

5Years 166.01%

7Years 142.86%

10Years 126.59%

57.34% OPERATING MARGIN

Averages

1Year 57.34%

3Years 45.04%

5Years 1341.72%

7Years 989.64%

10Years 730.40%

16.56% NET MARGIN

Averages

1Year 16.56%

3Years 22.32%

5Years 1293.97%

7Years 943.75%

10Years 682.07%

8.88% ROE

Averages

1Year 8.88%

3Years 11.44%

5Years 3.34%

7Years 7.59%

10Years 10.04%

1.56% ROA

Averages

1Year 1.56%

3Years 2.15%

5Years 0.72%

7Years 1.57%

10Years 1.98%

5.34% ROIC

Averages

1Year 5.34%

3Years 9.22%

5Years 5.38%

7Years 7.24%

10Years 7.47%

FREE CASH FLOW ANALYSIS

Free Cash Flow Analysis Rithm Capital Corp.

Net Income	631 M
Depreciation & Amortization	28.2 M
Capital Expenditures	0
Stock-Based Compensation	14.1 M
Change in Working Capital	-324 M
Others	-56.2 M
Free Cash Flow	694 M

3. WALL STREET ANALYSTS ESTIMATES

Wall Street Analysts Price Targets Rithm Capital Corp.

Wall Street analysts predict an average 1-year price target for RITM of $12.7 , with forecasts ranging from a low of $12.5 to a high of $13 .

RITM Lowest Price Target Wall Street Target

12.5 USD 16.60%

RITM Average Price Target Wall Street Target

12.7 USD 18.47%

RITM Highest Price Target Wall Street Target

13 USD 21.27%

4. DIVIDEND ANALYSIS

7.75% DIVIDEND YIELD

0.25 USD DIVIDEND PER SHARE

5. COMPETITION

Starwood Property Trust, Inc. operates as a real estate investment trust (REIT) in the United States, Europe, and Australia. It operates through four segments: Commercial and Residential Lending, Infrastructure Lending, Property, and Investing and Servicing segments.

21.6 USD

STWD

Undervalued 10.78%

AGNC Investment Corp. operates as a real estate investment trust (REIT) in the United States. The company invests in residential mortgage pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by the United States government-sponsored enterprise or by the United States government agency.

0.748 USD

AGNC

Overvalued 92.19%

Blackstone Mortgage Trust, Inc., a real estate finance company, originates senior loans collateralized by commercial properties in North America, Europe, and Australia.

17.6 USD

BXMT

Overvalued 1.26%

Ares Commercial Real Estate Corporation, a specialty finance company, originates and invests in commercial real estate (CRE) loans and related investments in the United States.

0.0105 USD

ACRE

Overvalued 99.85%

Two Harbors Investment Corp. operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS), non-agency securities, mortgage servicing rights, and other financial assets in the United States.

-11.6 USD

TWO

Overvalued 199.77%

Apollo Commercial Real Estate Finance, Inc. operates as a real estate investment trust (REIT) that originates, acquires, invests in, and manages commercial first mortgage loans, subordinate financings, and other commercial real estate-related debt investments in the United States.

-3.19 USD

ARI

Overvalued 135.12%

Ellington Financial Inc., through its subsidiary, Ellington Financial Operating Partnership LLC, acquires and manages mortgage-related, consumer-related, corporate-related, and other financial assets in the United States.

-8.28 USD

EFC

Overvalued 167.88%

Chimera Investment Corporation operates as a real estate investment trust (REIT) in the United States. The company, through its subsidiaries, invests in a portfolio of mortgage assets, including residential mortgage loans, agency and non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of residential, commercial mortgage loans, and other real estate related securities.

12.2 USD

CIM

Overvalued 16.76%

ARMOUR Residential REIT, Inc. invests in residential mortgage-backed securities (MBS) in the United States. The company's securities portfolio primarily consists of the United States Government-sponsored entity's (GSE) and the Government National Mortgage Administration's issued or guaranteed securities backed by fixed rate, hybrid adjustable rate, and adjustable-rate home loans, as well as unsecured notes and bonds issued by the GSE and the United States treasuries, as well as money market instruments.

-5.09 USD

ARR

Overvalued 127.08%

Orchid Island Capital, Inc., a specialty finance company, invests in residential mortgage-backed securities (RMBS) in the United States. The company's RMBS is backed by single-family residential mortgage loans, referred as Agency RMBS.

7.3 USD

ORC

Overvalued 6.48%

Invesco Mortgage Capital Inc. operates as a real estate investment trust (REIT) that primarily focuses on investing in, financing, and managing mortgage-backed securities and other mortgage-related assets.

0.0117 USD

IVR

Overvalued 99.86%

New York Mortgage Trust, Inc. acquires, invests in, finances, and manages mortgage-related single-family and multi-family residential assets in the United States.

1.8 USD

NYMT

Overvalued 69.88%

Annaly Capital Management, Inc., a diversified capital manager, engages in mortgage finance and corporate middle market lending. The company invests in agency mortgage-backed securities, mortgage servicing rights, Agency commercial mortgage-backed securities, non-Agency residential mortgage assets, residential mortgage loans, credit risk transfer securities, corporate debts, and other commercial real estate investments.

3.01 USD

NLY

Overvalued 84.70%

Arbor Realty Trust, Inc. invests in a diversified portfolio of structured finance assets in the multifamily, single-family rental, and commercial real estate markets in the United States.

-15.4 USD

ABR

Overvalued 205.46%

6. Ownership

Insider Ownership Rithm Capital Corp.

Summary
Transactions

Sold

0-3 MONTHS

0 USD 0

3-6 MONTHS

0 USD 0

6-9 MONTHS

0 USD 0

9-12 MONTHS

0 USD 0

Bought

0 USD 0

0-3 MONTHS

0 USD 0

3-6 MONTHS

0 USD 0

6-9 MONTHS

0 USD 0

9-12 MONTHS

Date	Value	Insider	Amount	Avg Price
2 years ago Nov 23, 2021	Bought 101 K USD	MCGINNIS ROBERT Director	+ 4000	25.1815 USD
3 years ago Apr 19, 2021	Bought 1.01 M USD	Nierenberg Michael Chairman, CEO & President	+ 100000	10.1 USD
4 years ago Jul 27, 2020	Bought 77.2 K USD	Tyson Alan L. Director	+ 10000	7.7184 USD
4 years ago May 29, 2020	Bought 8.77 K USD	Sloves Andrew Director	+ 1200	7.3108 USD
4 years ago May 29, 2020	Bought 8.73 K USD	Sloves Andrew Director	+ 1200	7.2772 USD
4 years ago May 29, 2020	Bought 8.75 K USD	Sloves Andrew Director	+ 1200	7.2888 USD
4 years ago Mar 19, 2020	Bought 55.3 K USD	LENEHAN PAMELA F Director	+ 10000	5.531 USD
4 years ago Mar 19, 2020	Bought 60.3 K USD	Sloves Andrew Director	+ 10000	6.0273 USD
4 years ago Mar 18, 2020	Bought 11 K USD	Sloves Andrew Director	+ 1000	11 USD
4 years ago Mar 18, 2020	Bought 50.1 K USD	Tyson Alan L. Director	+ 10000	5.01 USD
4 years ago Mar 18, 2020	Bought 51.8 K USD	MCGINNIS ROBERT Director	+ 10000	5.18 USD
4 years ago Mar 18, 2020	Bought 58.3 K USD	Sloves Andrew Director	+ 10000	5.83 USD
4 years ago Mar 18, 2020	Bought 292 K USD	SANTORO NICOLA JR CFO, CAO and Treasurer	+ 50000	5.84 USD
5 years ago Nov 06, 2019	Bought 15.9 K USD	Sloves Andrew Director	+ 1000	15.9295 USD
5 years ago Oct 30, 2019	Bought 70.8 K USD	MCGINNIS ROBERT Director	+ 4500	15.7283 USD
5 years ago May 14, 2019	Bought 16.6 K USD	Sloves Andrew Director	+ 1000	16.65 USD
5 years ago May 14, 2019	Bought 6.66 K USD	Sloves Andrew Director	+ 400	16.66 USD
5 years ago May 14, 2019	Bought 6.66 K USD	Sloves Andrew Director	+ 400	16.65 USD
5 years ago May 03, 2019	Bought 236 K USD	Saltzman David Director	+ 14174	16.66 USD
5 years ago Feb 22, 2019	Bought 990 K USD	Nierenberg Michael CEO and President	+ 60000	16.5 USD
6 years ago Jun 26, 2018	Sell 6.21 M USD	Nierenberg Michael CEO and President	- 339177	18.3 USD
7 years ago Feb 03, 2017	Bought 39 K USD	Nierenberg Michael Chairman, CEO & President	+ 2600	15 USD
7 years ago Feb 03, 2017	Bought 120 K USD	Nierenberg Michael Chairman, CEO & President	+ 8000	15 USD
7 years ago Feb 03, 2017	Bought 120 K USD	Nierenberg Michael Chairman, CEO & President	+ 8000	15 USD
8 years ago Nov 11, 2016	Bought 142 K USD	Sloves Andrew Director	+ 10000	14.23 USD
8 years ago Nov 11, 2016	Bought 21.3 K USD	Sloves Andrew Director	+ 1500	14.18 USD
8 years ago Nov 11, 2016	Bought 14.2 K USD	Sloves Andrew Director	+ 1000	14.17 USD
8 years ago Nov 11, 2016	Bought 9.97 K USD	Sloves Andrew Director	+ 700	14.24 USD
9 years ago Jun 15, 2015	Bought 125 K USD	Nierenberg Michael CEO and President	+ 7800	16.05 USD
9 years ago Jun 15, 2015	Bought 11.2 K USD	Nierenberg Michael CEO and President	+ 700	16.05 USD
9 years ago Jun 15, 2015	Bought 9.63 K USD	Nierenberg Michael CEO and President	+ 600	16.05 USD
9 years ago Jun 15, 2015	Sell 51.5 M USD	EDENS WESLEY R Director	- 3245764	15.88 USD
9 years ago Apr 13, 2015	Bought 3.34 M USD	Nierenberg Michael CEO and President	+ 219050	15.25 USD
10 years ago Aug 01, 2014	Bought 160 K USD	Nierenberg Michael CEO and President	+ 13246	12.076 USD
9 years ago Apr 13, 2015	Bought 239 K USD	Nierenberg Michael CEO and President	+ 15700	15.25 USD
9 years ago Apr 13, 2015	Bought 233 K USD	Nierenberg Michael CEO and President	+ 15250	15.25 USD
9 years ago May 13, 2015	Bought 337 K USD	Tyson Alan L. Director	+ 20000	16.8524 USD
9 years ago Apr 13, 2015	Sell 423 M USD	HOME LOAN SERVICING SOLUTIONS, LTD. 10 percent owner	- 28286980	14.945 USD
9 years ago Apr 13, 2015	Bought 3.81 M USD	Nierenberg Michael CEO and President	+ 250000	15.25 USD
10 years ago Aug 22, 2014	Sell 358 K USD	EDENS WESLEY R Director	- 56800	6.2963 USD
10 years ago Apr 30, 2014	Bought 6.1 M USD	Nierenberg Michael CEO and President	+ 1000000	6.1 USD

7. News

Rithm Capital Announces the Closing of Securitized Notes Backed by Mortgage Servicing Rights NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE: RITM, “Rithm Capital” or “Rithm”), a leading sponsor of structured MSR-backed capital market notes, today announced it has successfully closed NZES 2024-FNT1, a $461 million securitized financing note backed by mortgage servicing rights (“MSRs”). Leveraging Rithm's scale, strong servicing performance and high-quality collateral, this first-of-its-kind, single-tranche non-recourse transaction provides fixed financing over the term of the expe. businesswire.com - 2 days ago

Rithm Capital Up 3.3% Since Q3 Earnings Beat on Interest Income Growth RITM's third-quarter 2024 interest income jumps 19.1% year over year. zacks.com - 5 days ago

Rithm Capital and Newrez Pledge Support to Disaster Relief Efforts in Wake of Hurricanes Helene and Milton NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE: RITM, “Rithm Capital” or “Rithm”), a leading alternative asset manager, pledged a commitment of $500,000 to support disaster response efforts in the devastating wake of Hurricanes Helene and Milton through its wholly owned subsidiary Newrez LLC (“Newrez”), a leading mortgage lender and servicer. Funding will directly support Habitat for Humanity and the Newrez Employee Emergency and Disaster (NEED) Fund. “Our thoughts are with all those whos. businesswire.com - 1 week ago

3 Ultra-High-Yield Dividend Stocks to Buy in November and Hold Forever With yields above 9%, these stocks could accelerate your retirement timeline. fool.com - 2 weeks ago

Compared to Estimates, Rithm (RITM) Q3 Earnings: A Look at Key Metrics While the top- and bottom-line numbers for Rithm (RITM) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values. zacks.com - 2 weeks ago

Rithm Capital Corp. (RITM) Q3 2024 Earnings Call Transcript Rithm Capital Corp. (NYSE:RITM ) Q3 2024 Earnings Conference Call October 29, 2024 8:00 AM ET Company Participants Emma Bolla - Associate General Counsel Michael Nierenberg - Chairman, Chief Executive Officer and President Baron Silverstein - President, Newrez Conference Call Participants Bose George - KBW Stephen Laws - Raymond James Eric Hagen - BTIG Kenneth Lee - RBC Capital Markets Crispin Love - Piper Sandler Jason Weaver - Jones Trading Trevor Cranston - Citizens JMP Operator Good day and welcome to the Rithm Capital Third Quarter 2024 Earnings Conference Call. All participants are in listen-only mode. seekingalpha.com - 2 weeks ago

Rithm (RITM) Q3 Earnings Surpass Estimates Rithm (RITM) came out with quarterly earnings of $0.54 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.58 per share a year ago. zacks.com - 2 weeks ago

Rithm Capital Corp. Elects Ranjit Kripalani and William Addas to the Board of Directors NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE:RITM, “Rithm Capital” or the “Company”) announced today that the Board of Directors of the Company (the “Board”) has elected Ranjit Kripalani and William Addas as independent members of the Board, each effective as of November 1, 2024. “We are extremely excited to announce Ron and Will as new additions to our Board of Directors during an exciting time in Rithm Capital's growth as an asset manager,” said Michael Nierenberg, Chairman, Chief Exe. businesswire.com - 2 weeks ago

Rithm Capital Corp. Announces Third Quarter 2024 Results NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE: RITM; “Rithm Capital,” “Rithm” or the “Company”) today reported the following information for the third quarter ended September 30, 2024: Third Quarter 2024 Financial Highlights: GAAP net income of $97.0 million, or $0.20 per diluted common share(1) Earnings available for distribution of $270.3 million, or $0.54 per diluted common share(1)(2) Common dividend of $129.9 million, or $0.25 per common share Book value per common share of $12.31(1. businesswire.com - 2 weeks ago

Exploring Analyst Estimates for Rithm (RITM) Q3 Earnings, Beyond Revenue and EPS Beyond analysts' top -and-bottom-line estimates for Rithm (RITM), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2024. zacks.com - 2 weeks ago

Here's How Rithm Capital Can Afford Its 9.5% Dividend Yield Some might call it a mortgage REIT, but there's much more to this expanding finance business. fool.com - 2 weeks ago

Can Rithm Capital Navigate Lower Servicing Revenues in Q3 Earnings? RITM's third-quarter earnings are likely to have been affected by higher expenses and lower asset management revenues. zacks.com - 3 weeks ago

8. Profile Summary

Rithm Capital Corp. RITM

COUNTRY US

INDUSTRY REIT - Mortgage

MARKET CAP $ 5.57 B

Dividend Yield 7.75%

Description Rithm Capital Corp. provides capital and services to the real estate and financial services sectors in the United States. Its investment portfolio comprises mortgage servicing related assets, residential securities and loans, and consumer loans. It qualifies as a real estate investment trust for federal income tax purposes. The company generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as New Residential Investment Corp. and changed its name to Rithm Capital Corp. in August 2022. Rithm Capital Corp. was incorporated in 2011 and is headquartered in New York, New York.

Contact 799 Broadway, New York, NY, 10003 https://www.rithmcap.com

IPO Date May 2, 2013

Employees 6570

Officers Mr. Michael Nierenberg Chairman, President & Chief Executive Officer Mr. David Craig Zeiden Chief Legal Officer Mr. Martin Migliara Managing Director Mr. Nicola Santoro Jr., CPA Chief Financial Officer, Chief Accounting Officer & Treasurer Varun Wadhawan Managing Director Charles Sorrentino Managing Director Mr. Kenneth Matthew Bruce Managing Director Mr. Satish Motilal Mansukhani Managing Director of Investment Strategy Mr. Philip Matthew Sivin C.F.A. MD & Chief Counsel for M&A and strategic transactions Sanjeev Khanna Managing Director

Price Chart RITM

Rithm Capital Corp. RITM

Premium Plan

Unlimited Plan