Rithm Capital: 9% Yield, 53% Pay-Out Ratio, Growing BV
Rithm Capital Corporation easily earned $0.25 per share dividend in Q2 with strong financial results and book value growth. Anticipate Rithm Capital to make more acquisitions in asset management to diversify its portfolio and create new income streams. Rithm Capital offers a secure 9% yield with well-covered dividends, making it a buy for passive income investors.
Rithm: A Bargain With Rich Dividend Yields
RITM continues to deliver robust FQ2'24 earning results, while successfully executing its diversification into the Alternative Asset Management Business market. While its underwhelming EAD payout ratio may have contributed to the stock's discounted valuations, we believe that its dividend investment thesis remains safe during the transitory few years ahead. Capital appreciation remains possible as well, once RITM executes against its growth plan & subsequently grow its book value/ dividend payouts upon the normalization of the macroeconomic outlook.
Here's What Key Metrics Tell Us About Rithm (RITM) Q2 Earnings
Although the revenue and EPS for Rithm (RITM) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Rithm (RITM) Tops Q2 Earnings and Revenue Estimates
Rithm (RITM) came out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.62 per share a year ago.
Stay Ahead of the Game With Rithm (RITM) Q2 Earnings: Wall Street's Insights on Key Metrics
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 June 2024.
Rithm (RITM) Rises Yet Lags Behind Market: Some Facts Worth Knowing
Rithm (RITM) reachead $11.45 at the closing of the latest trading day, reflecting a +0.7% change compared to its last close.
Rithm (RITM) Advances While Market Declines: Some Information for Investors
Rithm (RITM) concluded the recent trading session at $11.60, signifying a +0.87% move from its prior day's close.
Rithm Capital (RITM) Up 15% in the Past Year: More Room to Run?
Rithm Capital (RITM) is expected to benefit from a strong origination and servicing platform, coupled with strategic initiatives and efficiencies.
Rithm Capital's Sector Comparative Analysis - Part 2 (Includes Q3 + Q4 2024 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 Q3 – Q4 2024.
Rithm (RITM) Laps the Stock Market: Here's Why
Rithm (RITM) reachead $11.26 at the closing of the latest trading day, reflecting a +1.26% change compared to its last close.
Rithm Capital's Updated Sector Comparative Analysis - Part 1 (Includes Recommendation For 19 Peers As Of 6/7/2024)
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 the second quarter of 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 Capital: A Deep-Value Investment With A 9% Yield
Rithm Capital is a strong income play with a 9% dividend yield and trades below book value. The company's focus is on mortgage servicing rights, which are pro-cyclical interest rate investments. Origination and servicing dominate the revenue mix.
