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

11.12USD-0.01 (-0.09%)Delayed

Market Summary

USD11.12-0.01

Delayed

-0.09%

RITM Stock Price

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RITM RSI Chart

RITM Valuation

Market Cap

5.4B

Price/Earnings (Trailing)

8.52

Price/Sales (Trailing)

1.41

EV/EBITDA

1.93

Price/Free Cashflow

4.88

RITM Price/Sales (Trailing)

RITM Profitability

EBT Margin

19.82%

Return on Equity

Return on Assets

1.79%

Free Cashflow Yield

20.5%

RITM Fundamentals

RITM Revenue

Revenue (TTM)

3.8B

Rev. Growth (Yr)

-10.58%

Rev. Growth (Qtr)

-18.57%

RITM Earnings

Earnings (TTM)

630.7M

Earnings Growth (Yr)

-163.45%

Earnings Growth (Qtr)

-130.36%

Breaking Down RITM Revenue

Last 7 days

4.4%

Last 30 days

0.3%

Last 90 days

1.2%

How does RITM drawdown profile look like?

RITM Financial Health

RITM Investor Care

Dividend Yield

8.99%

Dividend/Share (TTM)

Shares Dilution (1Y)

2.00%

Diluted EPS (TTM)

-438.46

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
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
Mar 21, 2024	nierenberg michael	sold (taxes)	-846,654	10.6	-79,873	chief executive officer
Feb 23, 2024	santoro nicola jr	sold (taxes)	-131,387	10.6	-12,395	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)	-142,326	10.6	-13,427	chief financial officer
Feb 23, 2024	sivin philip m	sold (taxes)	-20,744	10.6	-1,957	chief legal officer
Jan 26, 2024	nierenberg michael	acquired	-	-	11,341	chief executive officer
Jan 26, 2024	santoro nicola jr	acquired	-	-	1,620	chief financial officer
Jan 26, 2024	sivin philip m	acquired	-	-	323	chief legal officer
Dec 29, 2023	sloves andrew	acquired	-	-	12,178	-
Oct 27, 2023	nierenberg michael	acquired	-	-	13,273	chief executive officer

Which funds bought or sold RITM recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 24, 2024	Carmichael Hill & Associates, Inc.	unchanged	-	167	3,895	-%
Apr 24, 2024	WESPAC Advisors, LLC	added	5.88	149,712	1,557,410	0.91%
Apr 24, 2024	Robeco Institutional Asset Management B.V.	sold off	-100	-2,627	-	-%
Apr 24, 2024	PSI Advisors, LLC	unchanged	-	302	7,020	-%
Apr 24, 2024	Cambridge Investment Research Advisors, Inc.	added	2.36	197,000	3,024,000	0.01%
Apr 24, 2024	RAYMOND JAMES TRUST N.A.	reduced	-1.37	6,038	203,447	-%
Apr 24, 2024	LEAVELL INVESTMENT MANAGEMENT, INC.	added	3.81	24,000	311,000	0.02%
Apr 24, 2024	Newbridge Financial Services Group, Inc.	reduced	-64.16	-31,669	18,961	0.01%
Apr 24, 2024	AlphaCentric Advisors LLC	added	4.99	415,664	4,697,980	2.83%
Apr 24, 2024	Spire Wealth Management	new	-	11,160	11,160	-%

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
Apr 11, 2024	ARS	ARS
Apr 11, 2024	DEF 14A	DEF 14A
Apr 11, 2024	DEFA14A	DEFA14A
Mar 22, 2024	4	Insider Trading
Mar 21, 2024	4/A	Insider Trading
Mar 21, 2024	4/A	Insider Trading
Mar 19, 2024	4	Insider Trading
Mar 19, 2024	8-K	Current Report
Mar 15, 2024	8-K	Current Report
Mar 06, 2024	8-K	Current Report

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	80.6B	11.1B	-10.93%	-13.71%	58.97	7.23	4.04%	-19.43%
CCI	40.9B	7.0B	-7.55%	-21.57%	27.25	5.86	-0.07%	-10.36%
AVB	27.2B	2.8B	5.99%	11.94%	29.29	9.83	6.73%	-18.30%
ARE	19.9B	3.0B	-5.56%	-2.28%	103.23	6.73	10.44%	-74.28%
AMH	12.9B	1.6B	0.42%	10.98%	29.97	8.06	7.80%	39.39%
REG	10.9B	1.3B	0.22%	-0.72%	29.89	8.24	8.04%	-24.50%
BXP	9.7B	3.3B	1.39%	20.98%	51.1	2.97	5.31%	-77.32%
MID-CAP
FRT	8.5B	1.1B	3.80%	8.31%	35.91	7.52	5.38%	-38.52%
MAC	3.3B	884.1M	-7.80%	63.34%	-12.11	3.75	2.90%	-314.82%
SLG	3.3B	899.4M	0.34%	130.33%	-5.84	3.67	-0.45%	-623.11%
SMALL-CAP
AAT	1.3B	441.2M	0.71%	18.73%	19.99	2.93	4.38%	15.77%
AIV	1.2B	198.2M	0.50%	5.01%	-7.34	5.71	-43.33%	-270.70%
MFA	1.1B	605.6M	-7.13%	4.35%	13.43	1.78	25.53%	134.62%
NYMT	636.8M	258.7M	1.45%	-29.99%	-13.09	2.46	0.11%	83.70%
IVR	408.5M	277.9M	-9.26%	-18.00%	-25.76	1.47	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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	-18.6%	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	451
Operating Expenses	7.3%	815	759	700	665	681	724	1,137	803	899	716	498	504	327	498	432	514	336	496	430	180	190
S&GA Expenses	0.6%	192	190	182	167	189	215	225	246	290	237	173	164	-98.02	178	293	275	28.00	194	119	99.00	303
EBITDA Margin	6.7%	0.56*	0.52*	0.53*	0.35*	0.42*	0.40*	0.39*	0.47*	0.41*	0.47*	0.51*	0.48*	-	-	-	-	-	-	-	-	-
Interest Expenses	74.1%	468	269	338	286	265	189	147	133	140	130	107	129	48.00	131	116	217	216	246	228	226	266
Income Taxes	-43.2%	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	-67.47
Earnings Before Taxes	-113.6%	-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	-58.62
EBT Margin	-11.9%	0.20*	0.22*	0.22*	0.12*	0.27*	0.28*	0.28*	0.35*	0.27*	0.32*	0.35*	0.32*	-	-	-	-	-	-	-	-	-
Net Income	-130.4%	-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	9.00
Net Income Margin	-19.4%	0.17*	0.21*	0.21*	0.10*	0.21*	0.21*	0.21*	0.28*	0.22*	0.25*	0.25*	0.21*	-	-	-	-	-	-	-	-	-
Free Cashflow	-230.0%	-565	435	51.00	1,181	142	1,377	1,465	3,890	3,570	328	-519	-495	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	1.6%	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	31,691
Cash Equivalents	5.7%	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	415
Liabilities	2.7%	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	25,603
Shareholder's Equity	-2.8%	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	6,088
Retained Earnings	-127.5%	-373	-164	-236	-470	-418	-381	-387	-267	-813	-856	-886	-914	-1,108	-1,094	-1,110	-1,059	550	546	529	769	831
Additional Paid-In Capital	0.1%	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	4,746
Shares Outstanding	0.0%	483	483	483	483	474	467	467	467	451	467	436	415	-	-	-	-	-	-	-	-	-
Minority Interest	57.1%	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	91.00
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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-230.0%	-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	-1,153
Share Based Compensation	-	-	-	-	-	-	-	-	0.00	-	-	1.00	1.00	-	-	1.00	1.00	-	-	1.00	0.00	0.00
Cashflow From Investing	372.1%	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	-146
Cashflow From Financing	-1284.3%	-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	1,229
Dividend Payments	-100.0%	-	143	143	141	-	139	139	139	74.00	108	112	83.00	62.00	42.00	21.00	208	208	208	208	185	170
Buy Backs	-	-	-	-	-	1.00	-	-	4.00	-	-	-	-	-	-	-	-	-	-	-	-	-

RITM Income Statement

2023-12-31

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues	$ 3,715,496	$ 4,952,416	$ 3,785,076
Total revenues	3,798,177	4,952,416	3,785,076
Expenses
Interest expense and warehouse line fees	1,421,254	791,001	497,308
General and administrative	730,752	875,428	864,028
Compensation and benefits	787,092	1,231,446	1,159,810
Management fee to affiliate	0	46,174	95,926
Termination fee to affiliate	0	400,000	0
Total operating expenses	2,939,098	3,344,049	2,617,072
Other income (loss)
Realized and unrealized gains (losses), net	(37,236)	(200,181)	(207,437)
Other income (loss), net	(69,010)	(145,385)	3,241
Total other income (loss)	(106,246)	(345,566)	(204,196)
Income (loss) before income taxes	752,833	1,262,801	963,808
Income tax expense	122,159	279,516	158,226
Net income (loss)	630,674	983,285	805,582
Noncontrolling interests in income of consolidated subsidiaries	8,417	28,766	33,356
Dividends on preferred stock	89,579	89,726	66,744
Net income (loss) attributable to common stockholders - basic	532,678	864,793	705,482
Net income (loss) attributable to common stockholders - diluted	$ 532,678	$ 864,793	$ 705,482
Net income (loss) per share of common stock
Basic (in dollars per share)	$ 1.11	$ 1.84	$ 1.56
Diluted (in dollars per share)	$ 1.10	$ 1.80	$ 1.51
Weighted average number of shares of common stock outstanding
Basic (in shares)	481,934,951	468,836,718	451,276,742
Diluted (in shares)	483,716,715	481,636,125	467,665,006
Dividends declared per share of common stock (in dollars per share)	$ 1.00	$ 1.00	$ 0.90
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 revenues	$ 1,860,255	$ 1,831,964	$ 1,559,554
Change in fair value of MSRs and MSR financing receivables (includes realization of cash flows of $(518,978), $(631,120) and $(1,192,646), respectively)
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues	(565,684)	727,334	(577,763)
Servicing revenue, net
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues	1,294,571	2,559,298	981,791
Interest income
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues	1,676,324	1,075,981	810,896
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 revenues	508,434	1,086,232	1,826,909
Other revenues
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate revenues	236,167	230,905	165,480
Asset management revenues
Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable and Corporate
Total revenues	$ 82,681	$ 0	$ 0

RITM Balance Sheet

2023-12-31

CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands

Dec. 31, 2023

Dec. 31, 2022

Assets

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

^[1]

$ 8,405,938

$ 8,889,403

Real estate and other securities (includes $9,757,664 and 8,289,277 at fair value, respectively)

9,782,217

8,289,277

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

379,044

452,519

Residential mortgage loans, held-for-sale ([$2,461,865] and $3,297,271 at fair value, respectively)

^[1]

2,540,742

3,398,298

Consumer loans held-for-investment, at fair value

^[1]

1,274,005

363,756

Single-family rental properties

1,001,928

971,313

Mortgage loans receivable, at fair value

^[1]

2,232,913

2,064,028

Residential mortgage loans subject to repurchase

^[2]

1,782,998

1,219,890

Cash and cash equivalents

^[1]

1,287,199

1,336,508

Restricted cash

^[1]

385,620

281,126

Servicer advances receivable

2,760,250

2,825,485

Receivable for investments sold

473,126

Other assets ([$1,489,419] and [$921,373] at fair value, respectively)

^[1]

3,478,931

1,914,607

Total assets

35,311,785

32,479,336

Liabilities

Secured financing agreements

^[1]

12,561,283

11,257,736

Secured notes and bonds payable ([$554,800] and $632,404 at fair value, respectively)

^[1]

10,679,186

10,098,943

Residential mortgage loan repurchase liability

^[2]

1,782,998

1,219,890

Unsecured notes, net of issuance costs

719,004

545,056

Payable for investments purchased

731,216

Dividends payable

135,897

129,760

Accrued expenses and other liabilities ([$333,688] and [$18,064] at fair value, respectively)

^[1]

2,332,379

1,486,667

Total liabilities

28,210,747

25,469,268

Commitments and Contingencies

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, 483,226,239 and 473,715,100 issued and outstanding, respectively

4,833

4,739

Additional paid-in capital

6,074,322

6,062,019

Retained earnings (accumulated deficit)

(373,141)

(418,662)

Accumulated other comprehensive income

43,674

37,651

Total Rithm Capital stockholders’ equity

7,006,942

6,943,001

Noncontrolling interests in equity of consolidated subsidiaries

^[1]

94,096

67,067

Total equity

7,101,038

7,010,068

Liabilities and Equity

$ 35,311,785

$ 32,479,336

[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). As of December 31, 2023, and December 31, 2022, total assets of consolidated VIEs were $2.5 billion and $2.3 billion, respectively, and total liabilities of consolidated VIEs were $2.1 billion and $1.8 billion, respectively. See Note 21 for further details.

[2]

See Note 6 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 Thu Apr 25 2024, market cap of Rithm Capital Corp. is 5.37 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 Thu Apr 25 2024, RITM's PE ratio (Price to Earnings) is 8.52 and Price to Sales (PS) ratio is 1.41. 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.