6-Jan-2025
3 Best Dividend Stocks, According to Analysts, 1/6/2025
TipRanks (Mon, 6-Jan 6:28 AM ET)
Rithm Capital Corp. Declares Fourth Quarter 2024 Common and Preferred Dividends
Business Wire (Mon, 16-Dec 4:33 PM ET)
KBRA Assigns Preliminary Ratings to New Residential Mortgage Loan Trust 2024-NQM3 (NRMLT 2024-NQM3)
Business Wire (Tue, 3-Dec 4:06 PM ET)
Great Ajax Establishes Effective Date of Previously Announced Rebrand to Rithm Property Trust
Business Wire (Wed, 20-Nov 4:15 PM ET)
Rithm Capital Announces the Closing of Securitized Notes Backed by Mortgage Servicing Rights
Business Wire (Thu, 14-Nov 4:15 PM ET)
Business Wire (Mon, 4-Nov 4:05 PM ET)
Rithm Capital Corp. Announces Third Quarter 2024 Results
Business Wire (Tue, 29-Oct 6:45 AM ET)
Rithm Capital Corp. Elects Ranjit Kripalani and William Addas to the Board of Directors
Business Wire (Tue, 29-Oct 6:45 AM ET)
Rithm Capital Corp. Schedules Third Quarter 2024 Earnings Release and Conference Call
Business Wire (Tue, 15-Oct 4:15 PM ET)
Rithm Capital Corp operates as a real estate investment trust that provides capital and services to the real estate and financial services industries. The company's mission is to generate attractive risk-adjusted returns in all interest-rate environments through a complementary portfolio of investments and operating businesses. Rithm Capital's investment portfolio is composed of mortgage servicing-related assets (full and excess MSRs and servicer advances), residential securities (and associated call rights) loans (including single-family rental), and consumer loans.
Rithm Capital Corp. trades on the NYSE stock market under the symbol RITM.
As of January 6, 2025, RITM stock price declined to $11.06 with 4,060,538 million shares trading.
RITM has a beta of 0.48, meaning it tends to be less sensitive to market movements. RITM has a correlation of 0.11 to the broad based SPY ETF.
RITM has a market cap of $5.75 billion. This is considered a Mid Cap stock.
Last quarter Rithm Capital Corp. reported $551 million in Revenue and $.54 earnings per share. This beat revenue expectation by $82 million and exceeded earnings estimates by $.12.
The top ETF exchange traded funds that RITM belongs to (by Net Assets): VTI, VB, VBR, VXF, REM.
RITM has underperformed the market in the last year with a return of +16.0%, while SPY returned +28.7%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in RITM shares. However, RITM has outperformed the market in the last 3 month and 2 week periods, returning +4.6% and +3.7%, while SPY returned +4.2% and +0.1%, respectively. This indicates RITM has been having a stronger performance recently.
RITM support price is $11.01 and resistance is $11.30 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RITM shares will trade within this expected range on the day.