RITM - Rithm Capital Corp. Stock Price, Fair Value and News

11.22USD-0.09 (-0.80%)Delayed as of 08 May 2024, 01:03 pm ET

Market Summary

USD11.22-0.09

Delayedas of 08 May 2024, 01:03 pm

-0.80%

RITM Alerts

Big jump in Revenue (Y/Y)

Big jump in Earnings (Y/Y)

RITM Stock Price

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RITM RSI Chart

RITM Valuation

Market Cap

5.5B

Price/Earnings (Trailing)

6.6

Price/Sales (Trailing)

1.27

EV/EBITDA

1.54

Price/Free Cashflow

-4.47

RITM Price/Sales (Trailing)

RITM Profitability

EBT Margin

24.66%

Return on Equity

11.43%

Return on Assets

1.97%

Free Cashflow Yield

-22.38%

RITM Fundamentals

RITM Revenue

Revenue (TTM)

4.3B

Rev. Growth (Yr)

64.19%

Rev. Growth (Qtr)

44.99%

RITM Earnings

Earnings (TTM)

828.2M

Earnings Growth (Yr)

219.61%

Earnings Growth (Qtr)

528.12%

Breaking Down RITM Revenue

52 Week Range

11.27

(Low)(High)

Last 7 days

1.7%

Last 30 days

4.1%

Last 90 days

11.1%

How does RITM drawdown profile look like?

RITM Financial Health

RITM Investor Care

Dividend Yield

8.84%

Dividend/Share (TTM)

Shares Dilution (1Y)

0.10%

Diluted EPS (TTM)

-438.06

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	4.3B	0	0	0
2023	4.0B	3.7B	3.9B	3.8B
2022	4.4B	5.3B	5.2B	5.0B
2021	2.6B	2.6B	2.9B	3.8B
2020	1.8B	1.8B	1.9B	1.8B
2019	1.7B	1.7B	1.9B	2.0B
2018	1.6B	1.5B	1.6B	1.7B
2017	1.2B	1.4B	1.5B	1.5B
2016	750.7M	850.0M	950.1M	1.1B
2015	359.7M	445.3M	530.0M	645.1M
2014	142.9M	212.5M	288.2M	346.9M
2013	47.9M	66.4M	76.0M	87.6M
2012	0	0	0	33.8M
2011	0	0	0	0

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Rithm Capital Corp.

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 26, 2024	nierenberg michael	acquired	-	-	7,580	chief executive officer
Apr 26, 2024	santoro nicola jr	acquired	-	-	1,082	chief financial officer
Apr 26, 2024	sivin philip m	acquired	-	-	216	chief legal officer
Mar 21, 2024	nierenberg michael	sold (taxes)	-846,654	10.6	-79,873	chief executive officer
Feb 23, 2024	sivin philip m	sold (taxes)	-20,744	10.6	-1,957	chief legal officer
Feb 23, 2024	santoro nicola jr	sold (taxes)	-142,326	10.6	-13,427	chief financial officer
Feb 23, 2024	sivin philip m	sold (taxes)	-18,560	10.6	-1,751	chief legal officer
Feb 23, 2024	santoro nicola jr	sold (taxes)	-131,387	10.6	-12,395	chief financial officer
Jan 26, 2024	nierenberg michael	acquired	-	-	11,341	chief executive officer
Jan 26, 2024	santoro nicola jr	acquired	-	-	1,620	chief financial officer

Which funds bought or sold RITM recently?

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Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 06, 2024	DUALITY ADVISERS, LP	new	-	397,597	397,597	0.04%
May 06, 2024	Advisors Capital Management, LLC	reduced	-0.54	924,000	24,474,000	0.45%
May 06, 2024	Jefferies Financial Group Inc.	reduced	-15.37	-3,269	117,729	-%
May 06, 2024	SG Americas Securities, LLC	sold off	-100	-995,000	-	-%
May 06, 2024	Advisory Services Network, LLC	sold off	-100	-54,746	-	-%
May 06, 2024	Schechter Investment Advisors, LLC	added	4.68	10,027	116,934	0.01%
May 06, 2024	TEACHER RETIREMENT SYSTEM OF TEXAS	added	1.66	125,000	2,132,000	0.01%
May 06, 2024	AIA Group Ltd	new	-	1,864,230	1,864,230	0.06%
May 06, 2024	Parallel Advisors, LLC	added	6.82	32,411	311,515	0.01%
May 06, 2024	HighTower Advisors, LLC	added	18.25	303,000	1,589,000	-%

Are Funds Buying or Selling RITM?

Are funds buying RITM calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own RITM

No. of Funds

Unveiling Rithm Capital Corp.'s Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	canyon capital advisors llc	0.00%	0	SC 13G/A
Feb 13, 2024	vanguard group inc	9.40%	45,436,921	SC 13G/A
Jan 29, 2024	blackrock inc.	5.7%	27,642,103	SC 13G
Feb 10, 2023	fortress investment group llc	4.0%	19,512,751	SC 13G/A

Recent SEC filings of Rithm Capital Corp.

View All Filings

Date Filed	Form Type	Document
May 03, 2024	10-Q	Quarterly Report
May 01, 2024	8-K	Current Report
Apr 30, 2024	4	Insider Trading
Apr 30, 2024	4	Insider Trading
Apr 30, 2024	4	Insider Trading
Apr 30, 2024	8-K	Current Report
Apr 11, 2024	ARS	ARS
Apr 11, 2024	DEF 14A	DEF 14A
Apr 11, 2024	DEFA14A	DEFA14A
Mar 22, 2024	4	Insider Trading

Peers (Alternatives to Rithm Capital Corp.)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AMT	84.7B	11.2B	-4.62%	-6.12%	42.91	7.56	3.63%	50.79%
CCI	41.8B	6.8B	-4.58%	-17.37%	29.96	6.1	-2.39%	-16.60%
AVB	27.9B	2.8B	8.20%	8.63%	29.16	9.93	5.72%	-6.47%
ARE	20.9B	3.0B	-3.93%	-2.18%	106.61	7.09	10.44%	-73.79%
AMH	13.4B	-	1.39%	3.90%	31.65	8.24	8.93%	11.87%
REG	11.0B	1.4B	1.05%	-0.44%	29.39	8.02	10.48%	-2.93%
BXP	9.6B	3.3B	-0.78%	19.54%	50.23	2.92	5.31%	-77.32%
MID-CAP
FRT	8.5B	1.2B	3.38%	9.20%	35.86	7.43	5.48%	-38.69%
SLG	3.3B	892.3M	-0.89%	140.04%	-6.5	3.73	-5.33%	-307.54%
MAC	3.3B	884.1M	-5.40%	54.41%	-12	3.72	2.90%	-314.82%
SMALL-CAP
AAT	1.3B	444.1M	6.11%	16.74%	19.54	3.02	3.54%	8.91%
AIV	1.2B	198.2M	5.61%	1.35%	-7.62	5.71	-43.33%	-270.70%
MFA	1.1B	650.2M	-3.45%	1.92%	35.5	1.67	27.93%	140.31%
NYMT	562.0M	285.4M	-13.60%	-37.59%	-4.08	1.97	11.05%	83.70%
IVR	442.4M	277.9M	3.16%	-10.49%	-27.9	1.59	44.33%	96.06%

Rithm Capital Corp. News

Latest updates

Rithm Capital Corp. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	45.0%	1,286	887	1,089	1,038	783	992	911	1,321	1,729	1,261	953	427	1,145	330	694	447	287	463	628	432	439
Operating Expenses	3.8%	845	815	759	700	665	681	724	1,137	803	899	716	498	504	327	498	432	514	336	496	430	180
S&GA Expenses	-100.0%	-	192	190	182	167	189	215	225	246	290	237	173	164	-98.02	178	293	275	28.00	194	119	99.00
EBITDA Margin	6.7%	0.59*	0.56*	0.52*	0.50*	0.33*	0.41*	0.39*	0.38*	0.45*	0.39*	0.47*	0.51*	-	-	-	-	-	-	-	-	-
Interest Expenses	-10.3%	420	468	269	338	286	265	189	147	133	140	130	107	129	48.00	131	116	217	216	246	228	226
Income Taxes	212.9%	93.00	30.00	53.00	57.00	-16.81	-18.05	22.00	73.00	203	29.00	32.00	-1.08	98.00	66.00	101	17.00	-166	23.00	-5.44	-21.58	46.00
Earnings Before Taxes	1121.1%	381	-37.30	274	443	73.00	88.00	176	106	893	217	202	145	400	167	205	62.00	-1,774	253	239	-46.60	202
EBT Margin	24.4%	0.25*	0.20*	0.22*	0.21*	0.11*	0.25*	0.27*	0.27*	0.33*	0.25*	0.32*	0.35*	-	-	-	-	-	-	-	-	-
Net Income	528.1%	287	-67.15	221	387	90.00	106	154	33.00	690	188	171	146	301	102	104	44.00	-1,607	230	245	-25.02	156
Net Income Margin	16.0%	0.19*	0.17*	0.21*	0.20*	0.10*	0.20*	0.20*	0.21*	0.27*	0.21*	0.25*	0.25*	-	-	-	-	-	-	-	-	-
Free Cashflow	-102.2%	-1,144	-565	435	51.00	1,181	142	1,377	1,465	3,890	3,570	328	-519	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	19.3%	42,121	35,312	34,746	33,858	31,819	32,479	35,335	34,554	37,869	39,742	41,604	37,250	35,184	33,252	30,406	23,752	24,193	44,863	41,348	36,792	34,242
Cash Equivalents	18.9%	1,531	1,287	1,217	1,369	1,435	1,337	1,950	1,945	1,966	1,528	1,367	956	1,038	1,080	1,022	1,152	508	691	901	565	509
Goodwill	0%	132	132	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25.00	-
Liabilities	23.6%	34,878	28,211	27,478	26,663	24,864	25,469	28,273	27,491	30,684	33,073	34,977	31,084	29,562	27,822	24,978	18,363	18,863	37,627	34,086	29,992	27,797
Shareholder's Equity	3.4%	7,243	7,007	7,208	7,195	6,955	6,943	7,062	7,063	7,185	6,669	6,627	6,166	5,622	5,430	5,429	5,389	5,330	7,236	7,262	6,801	6,912
Retained Earnings	37.8%	-232	-373	-164	-236	-470	-418	-381	-387	-267	-813	-856	-886	-914	-1,108	-1,094	-1,110	-1,059	550	546	529	769
Additional Paid-In Capital	0.0%	6,075	6,074	6,071	6,069	6,062	6,062	6,061	6,061	6,060	6,060	6,058	6,059	5,548	5,547	5,555	5,555	5,500	5,498	5,498	5,498	5,498
Shares Outstanding	0.1%	483	483	483	483	483	474	467	467	467	451	467	436	-	-	-	-	-	-	-	-	-
Minority Interest	-0.3%	94.00	94.00	60.00	60.00	60.00	67.00	71.00	69.00	62.00	65.00	71.00	94.00	99.00	109	99.00	97.00	67.00	79.00	84.00	83.00	90.00
Float	-	-	-	-	4,500	-	-	-	4,300	-	-	-	5,200	-	-	-	3,100	-	-	-	4,700	-

Cashflow (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-102.2%	-1,144	-565	435	51.00	1,181	142	1,377	1,465	3,890	3,570	328	-519	-495	-12.16	-880	1,455	1,311	718	467	-2,482	-300
Share Based Compensation	-	-	-	-	-	-	-	-	-	0.00	-	-	1.00	1.00	-	-	1.00	1.00	-	-	1.00	0.00
Cashflow From Investing	-337.5%	-4,053	1,706	-627	-236	-590	1,053	-1,320	1,202	-736	-500	5,181	-1,575	-798	-2,340	-5,395	-297	16,661	-5,721	-1,773	-724	-2,752
Cashflow From Financing	579.9%	5,056	-1,053	89.00	74.00	-407	-1,526	-51.94	-2,688	-2,716	-3,102	-5,142	2,115	1,388	2,411	6,145	-513	-18,155	4,793	1,643	3,263	3,147
Dividend Payments	-	-	-	143	143	141	-	139	139	139	74.00	108	112	83.00	62.00	42.00	21.00	208	208	208	208	185
Buy Backs	-	-	-	-	-	-	1.00	-	-	4.00	-	-	-	-	-	-	-	-	-	-	-	-

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RITM Income Statement

2024-03-31

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate	$ 1,210,450	$ 841,561
Total revenues	1,286,310	841,561
Expenses
Interest expense and warehouse line fees	414,365	309,068
General and administrative	195,118	167,155
Compensation and benefits	235,778	188,880
Total operating expenses	845,261	665,103
Other Income (Loss)
Realized and unrealized gains (losses), net	(68,134)	(78,149)
Other income (loss), net	7,984	(25,166)
Total other income (loss)	(60,150)	(103,315)
Income (loss) before income taxes	380,899	73,143
Income tax expense (benefit)	93,412	(16,806)
Net income (loss)	287,487	89,949
Noncontrolling interests in income (loss) of consolidated subsidiaries	3,452	(1,300)
Dividends on preferred stock	22,395	22,395
Net income (loss) attributable to common stockholders - basic	$ 261,640	$ 68,854
Net Income (loss) per share of common stock
Basic (in dollars per share)	$ 0.54	$ 0.14
Diluted (in dollars per share)	$ 0.54	$ 0.14
Weighted average number of shares of common stock outstanding
Basic (in shares)	483,336,777	478,167,178
Diluted (in shares)	485,931,501	482,846,911
Dividends declared per share of common stock (in dollars per share)	$ 0.25	$ 0.25
Servicing fee revenue, net and interest income from MSRs and MSR financing receivables
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate	$ 470,203	$ 469,839
Change in fair value of MSRs and MSR financing receivables (includes realization of cash flows of $(116,839) and $(105,691) respectively)
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate	84,175	(142,304)
Servicing revenue, net
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate	554,378	327,535
Interest income
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate	448,179	346,614
Gain on originated residential mortgage loans, held-for-sale, net
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate	149,545	109,268
Other revenues
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate	58,348	58,144
Asset management revenues
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate
Total revenues	$ 75,860	$ 0

RITM Balance Sheet

2024-03-31

CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands

Mar. 31, 2024

Dec. 31, 2023

Assets

Mortgage servicing rights and mortgage servicing rights financing receivables, at fair value

$ 8,706,723

$ 8,405,938

Real estate and other securities (includes $15,289,314 and $9,757,664 at fair value, respectively)

15,314,199

9,782,217

Residential mortgage loans, held-for-investment, at fair value

365,398

379,044

Residential mortgage loans, held-for-sale (includes $3,691,700 and $2,461,865 at fair value, respectively)

^[1]

3,766,115

2,540,742

Consumer loans, held-for-investment, at fair value

^[1]

1,103,799

1,274,005

Single-family rental properties

1,007,172

1,001,928

Mortgage loans receivable, at fair value

^[1]

2,384,744

2,232,913

Residential mortgage loans subject to repurchase

^[2]

1,845,889

1,782,998

Cash and cash equivalents

^[1]

1,136,437

1,287,199

Restricted cash

^[1]

394,546

385,620

Servicer advances receivable

2,586,409

2,760,250

Other assets (includes $1,525,970 and $1,489,419 at fair value, respectively)

^[1]

3,509,497

3,478,931

Total assets

42,120,928

35,311,785

Liabilities

Secured financing agreements

^[1]

18,271,046

12,561,283

Secured notes and bonds payable (includes $545,984 and $554,800 at fair value, respectively)

^[1]

10,045,375

10,679,186

Residential mortgage loan repurchase liability

^[2]

1,845,889

1,782,998

Unsecured notes, net of issuance costs

1,205,411

719,004

Payable for investments purchased

1,271,542

Dividends payable

135,695

135,897

Accrued expenses and other liabilities (includes $251,709 and $333,688 at fair value, respectively)

^[1]

2,102,598

2,332,379

Total liabilities

34,877,556

28,210,747

Commitments and Contingencies (Note 22)

Equity

Preferred stock, $0.01 par value, 100,000,000 shares authorized, 51,964,122 and 51,964,122 issued and outstanding, $1,299,104 and $1,299,104 aggregate liquidation preference, respectively

1,257,254

Common stock, $0.01 par value, $2,000,000,000 shares authorized, $483,477,713 and $483,226,239 issued and outstanding, respectively

4,836

4,833

Additional paid-in capital

6,075,080

6,074,322

Retained earnings (accumulated deficit)

(232,119)

(373,141)

Accumulated other comprehensive income

44,501

43,674

Total Rithm Capital stockholders’ equity

7,149,552

7,006,942

Noncontrolling interests in equity of consolidated subsidiaries

^[3]

93,820

94,096

Total equity

7,243,372

7,101,038

Liabilities and Equity

$ 42,120,928

$ 35,311,785

[1]	The Company's Consolidated Balance Sheets include assets of consolidated variable interest entities (“VIEs”) that can only be used to settle obligations and liabilities of the VIE for which creditors do not have recourse to the primary beneficiary (Rithm Capital Corp.). As of March 31, 2024 and December 31, 2023, total assets of consolidated VIEs were $2.6 billion and $2.5 billion, respectively, and total liabilities of consolidated VIEs were $2.1 billion and $2.1 billion, respectively. See Note 20 for further details.
[2]	See Note 5 for details.
[3]	See Note 20 for details.

About Rithm Capital Corp.

Rithm Capital Corp. operates as an investment manager that operates a vertically integrated mortgage platform and invests in real estate and related properties in the United States and Europe. The company provides capital and services to the real estate and financial services sectors. Its investment portfolio comprises mortgage servicing related assets, residential securities and loans, and single-family rental loans. The company qualifies as a real estate investment trust for federal income tax purposes. It 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.

CEO	Mr. Michael Nierenberg
WEBSITE	rithmcap.com
INDUSTRY	REIT Mortgage
EMPLOYEES	5870

Rithm Capital Corp. Frequently Asked Questions

What is the ticker symbol for Rithm Capital Corp.? What does RITM stand for in stocks?

RITM is the stock ticker symbol of Rithm Capital Corp.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Rithm Capital Corp. (RITM)?

As of Tue May 07 2024, market cap of Rithm Capital Corp. is 5.47 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of RITM stock?

You can check RITM's fair value in chart for subscribers.

What is the fair value of RITM stock?

You can check RITM's fair value in chart for subscribers. The fair value of Rithm Capital Corp. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Rithm Capital Corp. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for RITM so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Rithm Capital Corp. a good stock to buy?

The fair value guage provides a quick view whether RITM is over valued or under valued. Whether Rithm Capital Corp. is cheap or expensive depends on the assumptions which impact Rithm Capital Corp.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for RITM.

What is Rithm Capital Corp.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue May 07 2024, RITM's PE ratio (Price to Earnings) is 6.6 and Price to Sales (PS) ratio is 1.27. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. RITM PE ratio will change depending on the future growth rate expectations of investors.