Rithm Capital Corp. (RITM)
Rithm Capital's Sector Comparative Analysis - Part 2 (Includes Q1 + Q2 2025 Dividend Projection)
This article compares RITM's recent dividend per share rates, yield percentages, and several dividend sustainability metrics to 19 mREIT peers. This includes an analysis of RITM's quarterly core earnings/earnings available for distribution (“EAD”) which directly impacts the company's dividend sustainability. This article also projects RITM's dividend sustainability for Q1 – Q2 2025.
Why Rithm (RITM) Dipped More Than Broader Market Today
Rithm (RITM) closed at $10.67 in the latest trading session, marking a -0.28% move from the prior day.
Rithm Capital: 9% Yield, 2.2x Dividend Coverage, Upside
Rithm Capital offers a stable 9% yield, a strong dividend coverage profile, and a diversified revenue stream. The REIT has expanded through acquisitions, diversifying its portfolio beyond mortgage investments to include significant asset management operations. With a dividend coverage ratio of 2.2x, RITM provides a high safety margin for dividend investors, supporting its 9% yield.
Rithm (RITM) Rises As Market Takes a Dip: Key Facts
Rithm (RITM) reachead $11.16 at the closing of the latest trading day, reflecting a +0.09% change compared to its last close.
Rithm Capital's Updated Sector Comparative Analysis - Part 1 (Includes Recommendation For 19 Peers As Of 12/6/2024)
Part 1 of this article compares RITM's recent investment composition, leverage, hedging coverage ratio, quarterly BV, economic return (loss), and current valuation to 19 mREIT peers. Due to what has occurred during Q4 2024 (fluctuating rates/yields), understanding the composition of RITM's MSR/investment and derivatives portfolio is crucial in understanding current/future performance. My current RITM BV projection and updated price target is in the “Conclusions Drawn” section. RITM is currently deemed undervalued (buy recommendation).
Rithm: The 9% Yield Is Still Dirt Cheap
Rithm Capital investors have underperformed the market recently, even as the S&P 500 surged to new records. RITM's attractive dividend yield of 9% attracted dip-buying at its November lows as investors reacted to a higher-for-longer interest rate outlook. The return of the Trump adminstration is expected to be inflationary, potentially lifting Rithm's MSR portfolio.
Rithm Capital: A Strong And Cheap 9% Yielder
Rithm Capital Corp. offers a 9% dividend yield with strong coverage and potential upside, performing well in both rising and declining interest rate environments. The company's diversified strategy, including mortgage servicing rights and mortgage origination, positions it well against interest rate fluctuations, unlike many other mREITs. Recent results show strong profitability with an earnings yield close to 20%, and a growing cash position providing flexibility for future investments.
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.
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.
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.
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.
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.
