The price of Rithm Capital Corporation (NYSE:RITM) shares last traded on Wall Street rose 0.85% to $9.47.
RITM stock price is now -5.23% away from the 50-day moving average and 5.57% away from the 200-day moving average. The market capitalization of the company currently stands at $4.58B.
With the price target of $12, B. Riley Securities recently initiated with Buy rating for Rithm Capital Corporation (NYSE: RITM).
A total of 0.57% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in RITM stock. A new stake in Rithm Capital Corporation shares was purchased by HSBC HOLDINGS PLC during the first quarter worth $8,049,000. GREAT LAKES ADVISORS, LLC invested $4,205,000 in shares of RITM during the first quarter. In the first quarter, FOUNDRY PARTNERS, LLC acquired a new stake in Rithm Capital Corporation valued at approximately $3,241,000. SLAGLE FINANCIAL, LLC acquired a new stake in RITM for approximately $2,140,000. BECK CAPITAL MANAGEMENT, LLC purchased a new stake in RITM valued at around $1,596,000 in the second quarter. In total, there are 505 active investors with 46.58% ownership of the company’s stock.
A candlestick chart of Rithm Capital Corporation (NYSE: RITM) showed a price of $9.46 on Wednesday morning. During the past 12 months, Rithm Capital Corporation has had a low of $6.86 and a high of $10.45. The fifty day moving average price for RITM is $9.99 and a two-hundred day moving average price translates $8.97 for the stock.
The latest earnings results from Rithm Capital Corporation (NYSE: RITM) was released for Jun, 2023. According to the REIT – Mortgage Company, earnings per share came in at $0.62, beating analysts’ expectations of $0.35 by 0.27. This compares to -$0.01 EPS in the same period last year. The net profit margin was 35.16% and return on equity was 10.22% for RITM. The company reported revenue of $886.38 million for the quarter, compared to $1.02 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -12.74 percent. For the current quarter, analysts expect RITM to generate $385.16M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/28/2023. Investors who held shares on 07/03/2023 were paid a $0.25 dividend. On an annualized basis, this represents a $1.00 dividend and a 10.56% percent yield. There was an ex-dividend date of 06/30/2023 for this dividend. In terms of dividend payout ratio, RITM is presently at 55.69%.
