| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/6/2023 | $12.50 | Buy | UBS |
| 12/16/2022 | $12.00 | Buy | B. Riley Securities |
| 9/30/2022 | $10.00 → $9.00 | Underweight → Neutral | Piper Sandler |
3 - Rithm Capital Corp. (0001556593) (Issuer)
3 - Rithm Capital Corp. (0001556593) (Issuer)
4 - Rithm Capital Corp. (0001556593) (Issuer)
4 - Rithm Capital Corp. (0001556593) (Issuer)
4 - Rithm Capital Corp. (0001556593) (Issuer)
4 - Rithm Capital Corp. (0001556593) (Issuer)
4 - Rithm Capital Corp. (0001556593) (Issuer)
4 - Rithm Capital Corp. (0001556593) (Issuer)
3 - Rithm Capital Corp. (0001556593) (Issuer)
4 - Rithm Capital Corp. (0001556593) (Issuer)
4 - Rithm Capital Corp. (0001556593) (Reporting)
UBS initiated coverage of Rithm Capital with a rating of Buy and set a new price target of $12.50
B. Riley Securities initiated coverage of Rithm Capital with a rating of Buy and set a new price target of $12.00
Piper Sandler upgraded Rithm Capital from Underweight to Neutral and set a new price target of $9.00 from $10.00 previously
Great Ajax Corp. (NYSE:AJX, "Great Ajax" or the "Company")) today announced it will complete its previously announced name change and rebrand to Rithm Property Trust Inc. on December 2, 2024. In conjunction with the rebrand, the Company's common stock will begin trading on the New York Stock Exchange at the market open on December 3, 2024, under the Company's new name and new ticker symbol of "RPT". This will replace the Company's current ticker symbol, "AJX." The CUSIP for the Company's common stock will not change, and shareholders do not need to take any action as a result of the name change. The Company's new website will be www.rithmpropertytrust.com. The rebranding initiative highligh
$461 Million Non-Recourse Fixed Note Offering Represents Another Innovation in MSR Financing Rithm Capital Corp. (NYSE:RITM, "Rithm Capital" or "Rithm")), a leading sponsor of structured MSR-backed capital market notes, today announced it has successfully closed NZES 2024-FNT1, a $461 million securitized financing note backed by mortgage servicing rights ("MSRs"). Leveraging Rithm's scale, strong servicing performance and high-quality collateral, this first-of-its-kind, single-tranche non-recourse transaction provides fixed financing over the term of the expected life of the assets of 3 years. The $461 million transaction was over-subscribed and represents a significant increase from an
Commitment of $500,000 to support Habitat for Humanity and Newrez Employee Emergency Disaster Fund Newrez Joins Relief Efforts Led by Dave Matthews Band, Warren Haynes Band and Other Artists as a Corporate Sponsor of Upcoming SOULSHINE Concert Rithm Capital Corp. (NYSE:RITM, "Rithm Capital" or "Rithm")), a leading alternative asset manager, pledged a commitment of $500,000 to support disaster response efforts in the devastating wake of Hurricanes Helene and Milton through its wholly owned subsidiary Newrez LLC ("Newrez"), a leading mortgage lender and servicer. Funding will directly support Habitat for Humanity and the Newrez Employee Emergency and Disaster (NEED) Fund. "Our thoughts are
Rithm Capital Corp. (NYSE:RITM, "Rithm Capital, " "Rithm" or the "Company")) today reported the following information for the third quarter ended September 30, 2024: Third Quarter 2024 Financial Highlights: GAAP net income of $97.0 million, or $0.20 per diluted common share(1) Earnings available for distribution of $270.3 million, or $0.54 per diluted common share(1)(2) Common dividend of $129.9 million, or $0.25 per common share Book value per common share of $12.31(1) Q3 2024 Q2 2024 Summary Operating Results: GAAP Net Income per Diluted Common Share(1) $ 0.20 $ 0.43 GAAP Net Income $ 97.0 mil
Addition of Ranjit Kripalani and William Addas to the Board of Directors adds further depth to the Board's financial services, corporate advisory, strategic planning and public board experience Mr. Kripalani will be a member of the Board of Director's Nominating and Corporate Governance Committee and Chair of the Mortgage and Regulatory Compliance Committee Mr. Addas will be a member of the Board of Director's Audit Committee and Compensation Committee Rithm Capital Corp. (NYSE:RITM, "Rithm Capital" or the "Company")) announced today that the Board of Directors of the Company (the "Board") has elected Ranjit Kripalani and William Addas as independent members of the Board, each effect
Rithm Capital Corp. (NYSE:RITM, "Rithm Capital, " "Rithm" or the "Company"))) announced today that it will release its third quarter 2024 financial results for the period ended September 30, 2024 on Tuesday, October 29, 2024 prior to the opening of the New York Stock Exchange. In addition, management will host a conference call on Tuesday, October 29, 2024 at 8:00 A.M. Eastern Time. A copy of the earnings release will be posted to the Investors – News section of the Company's website, www.rithmcap.com. The conference call may be accessed by dialing 1-833-974-2382 (from within the U.S.) or 1-412-317-5787 (from outside of the U.S.) ten minutes prior to the scheduled start of the call; please
Offering is the Second Largest Rated RTL Securitization and First Three-Year Transaction for the Industry Genesis Capital LLC ("Genesis"), a Rithm Capital (NYSE:RITM) company and a leading business purpose lender providing innovative financing solutions to professional real estate developers for new acquisition, renovation, ground-up construction, and long-term rental hold projects across the residential spectrum, today announced it has successfully closed NRMLT 2024-RTL2, a $450 million rated securitization backed by residential transitional loans ("RTLs"). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240925130955/en/ As the
Rithm Capital Corp. (NYSE:RITM, "Rithm" or the "Company"))) announced today that it priced its underwritten public offering of 30,000,000 shares of its common stock for gross proceeds of approximately $342.9 million, before deducting estimated underwriting discounts and commissions and estimated offering expenses. In connection with the offering, the Company has granted the underwriters an option for a period of 30 days to purchase up to an additional 4,500,000 shares of common stock. The underwriters may offer the shares from time to time for sale in negotiated transactions or otherwise, at market prices prevailing at the time of sale, at prices related to such prevailing market prices or
Rithm Capital Corp. (NYSE:RITM, "Rithm" or the "Company"))) announced today the commencement of a public offering of 30,000,000 shares of its common stock, subject to market conditions. In connection with the offering, the Company expects to grant the underwriters an option for a period of 30 days to purchase up to an additional 4,500,000 shares of common stock. The Company intends to use the net proceeds from this offering for general corporate purposes. The underwriters may offer the shares from time to time for sale in negotiated transactions or otherwise, at market prices prevailing at the time of sale, at prices related to such prevailing market prices or at negotiated prices. Citigro
Rithm Capital Corp. (NYSE:RITM, "Rithm Capital" or the "Company"))) announced today that its Board of Directors (the "Board") has declared third quarter 2024 common and preferred stock dividends. Common Stock Dividend The Board declared a dividend of $0.25 per share of common stock for the third quarter 2024. The third quarter common stock dividend is payable on November 1, 2024, to shareholders of record on October 1, 2024. Preferred Stock Dividends In accordance with the terms of Rithm Capital's Series A Cumulative Redeemable Preferred Stock ("Series A"), the Board declared a Series A dividend for the third quarter 2024 of $0.6988563 per share, which reflects a rate of 11.182%. The Se
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Great Ajax Corp. (NYSE:AJX, the "Company"))), a real estate investment trust, announced today that its board of directors has fixed a record date of April 22, 2024 for its 2024 meeting of stockholders (the "Meeting") to, among other things, consider and vote upon certain matters relating to the previously announced strategic transaction (the "Transaction") by and between the Company and Rithm Capital Corp. (together with its subsidiaries, "Rithm"). At the Meeting, the Company will seek stockholder approval for the following actions: (1) the issuance of common stock to certain exchanging investors in excess of the 19.99% cap imposed by the New York Stock Exchange rules; (2) the issuance of
10-Q - Rithm Capital Corp. (0001556593) (Filer)
8-K - Rithm Capital Corp. (0001556593) (Filer)
8-K - Rithm Capital Corp. (0001556593) (Filer)
424B5 - Rithm Capital Corp. (0001556593) (Filer)
424B5 - Rithm Capital Corp. (0001556593) (Filer)
NT 10-Q - Rithm Capital Corp. (0001556593) (Filer)
10-Q - Rithm Capital Corp. (0001556593) (Filer)
10-Q/A - Rithm Capital Corp. (0001556593) (Filer)
10-K/A - Rithm Capital Corp. (0001556593) (Filer)
8-K - Rithm Capital Corp. (0001556593) (Filer)
In the latest quarter, 5 analysts provided ratings for Rithm Capital (NYSE:RITM), showcasing a mix of bullish and bearish perspectives. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 3 1 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 1 2 1 0 0 Analysts have set 12-month price targets for Rithm Capital, revealing an average target of $12.9, a high estimate of $14.00, and a low estimate of $12.50. Surpassing the previous average price target of $11.90, the
JMP Securities analyst Trevor Cranston maintains Rithm Capital (NYSE:RITM) with a Market Outperform and raises the price target from $11 to $12.5.
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Below are some instances of options activity happening in the Financials sector: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume HOOD CALL TRADE NEUTRAL 01/17/25 $25.00 $65.6K 54.9K 1.7K RITM CALL TRADE BEARISH 01/1
Piper Sandler analyst Kevin Barker maintains Rithm Capital (NYSE:RITM) with a Neutral and raises the price target from $10.5 to $12.5.
11 analysts have expressed a variety of opinions on Rithm Capital (NYSE:RITM) over the past quarter, offering a diverse set of opinions from bullish to bearish. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 7 0 0 0 Last 30D 1 0 0 0 0 1M Ago 0 5 0 0 0 2M Ago 0 1 0 0 0 3M Ago 3 1 0 0 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $12.32, with a high estimate of $14.00 and a low estimate of $11.00. This upward trend is apparent, with
B. Riley Securities analyst Matt Howlett reiterates Rithm Capital (NYSE:RITM) with a Buy and raises the price target from $13 to $14.
Wedbush analyst Jay McCanless reiterates Rithm Capital (NYSE:RITM) with a Outperform and maintains $13 price target.
Keefe, Bruyette & Woods analyst Bose George maintains Rithm Capital (NYSE:RITM) with a Outperform and raises the price target from $12 to $12.5.
Rithm Capital (NYSE:RITM) reported quarterly earnings of $0.48 per share which beat the analyst consensus estimate of $0.37 by 29.73 percent.
JMP Securities analyst Trevor Cranston reiterates Rithm Capital (NYSE:RITM) with a Market Outperform and maintains $11 price target.
$461 Million Non-Recourse Fixed Note Offering Represents Another Innovation in MSR Financing Rithm Capital Corp. (NYSE:RITM, "Rithm Capital" or "Rithm")), a leading sponsor of structured MSR-backed capital market notes, today announced it has successfully closed NZES 2024-FNT1, a $461 million securitized financing note backed by mortgage servicing rights ("MSRs"). Leveraging Rithm's scale, strong servicing performance and high-quality collateral, this first-of-its-kind, single-tranche non-recourse transaction provides fixed financing over the term of the expected life of the assets of 3 years. The $461 million transaction was over-subscribed and represents a significant increase from an
Commitment of $500,000 to support Habitat for Humanity and Newrez Employee Emergency Disaster Fund Newrez Joins Relief Efforts Led by Dave Matthews Band, Warren Haynes Band and Other Artists as a Corporate Sponsor of Upcoming SOULSHINE Concert Rithm Capital Corp. (NYSE:RITM, "Rithm Capital" or "Rithm")), a leading alternative asset manager, pledged a commitment of $500,000 to support disaster response efforts in the devastating wake of Hurricanes Helene and Milton through its wholly owned subsidiary Newrez LLC ("Newrez"), a leading mortgage lender and servicer. Funding will directly support Habitat for Humanity and the Newrez Employee Emergency and Disaster (NEED) Fund. "Our thoughts are
Rithm Capital Corp. (NYSE:RITM, "Rithm Capital, " "Rithm" or the "Company")) today reported the following information for the third quarter ended September 30, 2024: Third Quarter 2024 Financial Highlights: GAAP net income of $97.0 million, or $0.20 per diluted common share(1) Earnings available for distribution of $270.3 million, or $0.54 per diluted common share(1)(2) Common dividend of $129.9 million, or $0.25 per common share Book value per common share of $12.31(1) Q3 2024 Q2 2024 Summary Operating Results: GAAP Net Income per Diluted Common Share(1) $ 0.20 $ 0.43 GAAP Net Income $ 97.0 mil
Addition of Ranjit Kripalani and William Addas to the Board of Directors adds further depth to the Board's financial services, corporate advisory, strategic planning and public board experience Mr. Kripalani will be a member of the Board of Director's Nominating and Corporate Governance Committee and Chair of the Mortgage and Regulatory Compliance Committee Mr. Addas will be a member of the Board of Director's Audit Committee and Compensation Committee Rithm Capital Corp. (NYSE:RITM, "Rithm Capital" or the "Company")) announced today that the Board of Directors of the Company (the "Board") has elected Ranjit Kripalani and William Addas as independent members of the Board, each effect
Rithm Capital Corp. (NYSE:RITM, "Rithm Capital, " "Rithm" or the "Company"))) announced today that it will release its third quarter 2024 financial results for the period ended September 30, 2024 on Tuesday, October 29, 2024 prior to the opening of the New York Stock Exchange. In addition, management will host a conference call on Tuesday, October 29, 2024 at 8:00 A.M. Eastern Time. A copy of the earnings release will be posted to the Investors – News section of the Company's website, www.rithmcap.com. The conference call may be accessed by dialing 1-833-974-2382 (from within the U.S.) or 1-412-317-5787 (from outside of the U.S.) ten minutes prior to the scheduled start of the call; please
Offering is the Second Largest Rated RTL Securitization and First Three-Year Transaction for the Industry Genesis Capital LLC ("Genesis"), a Rithm Capital (NYSE:RITM) company and a leading business purpose lender providing innovative financing solutions to professional real estate developers for new acquisition, renovation, ground-up construction, and long-term rental hold projects across the residential spectrum, today announced it has successfully closed NRMLT 2024-RTL2, a $450 million rated securitization backed by residential transitional loans ("RTLs"). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240925130955/en/ As the
Rithm Capital Corp. (NYSE:RITM, "Rithm Capital" or the "Company"))) announced today that its Board of Directors (the "Board") has declared third quarter 2024 common and preferred stock dividends. Common Stock Dividend The Board declared a dividend of $0.25 per share of common stock for the third quarter 2024. The third quarter common stock dividend is payable on November 1, 2024, to shareholders of record on October 1, 2024. Preferred Stock Dividends In accordance with the terms of Rithm Capital's Series A Cumulative Redeemable Preferred Stock ("Series A"), the Board declared a Series A dividend for the third quarter 2024 of $0.6988563 per share, which reflects a rate of 11.182%. The Se
Rithm Capital Corp. (NYSE:RITM, "Rithm Capital, " "Rithm" or the "Company"))) today reported the following information for the second quarter ended June 30, 2024: Second Quarter 2024 Financial Highlights: GAAP net income of $213.2 million, or $0.43 per diluted common share(1) Earnings available for distribution of $231.1 million, or $0.47 per diluted common share(1)(2) Common dividend of $122.4 million, or $0.25 per common share Book value per common share of $12.39(1) Q2 2024 Q1 2024 Summary Operating Results: GAAP Net (Loss) Income per Diluted Common Share(1) $ 0.43
Rithm Capital Corp. (NYSE:RITM, "Rithm Capital, " "Rithm" or the "Company"))) announced today that it will release its second quarter 2024 financial results for the period ended June 30, 2024 on Wednesday, July 31, 2024 prior to the opening of the New York Stock Exchange. In addition, management will host a conference call on Wednesday, July 31, 2024 at 8:00 A.M. Eastern Time. A copy of the earnings release will be posted to the Investors – News section of the Company's website, www.rithmcap.com. The conference call may be accessed by dialing 1-833-974-2382 (from within the U.S.) or 1-412-317-5787 (from outside of the U.S.) ten minutes prior to the scheduled start of the call; please refe
Rithm Capital Corp. (NYSE:RITM, "Rithm Capital" or the "Company"))) announced today that its Board of Directors (the "Board") has declared second quarter 2024 common and preferred stock dividends. Common Stock Dividend The Board declared a dividend of $0.25 per share of common stock for the second quarter 2024. The second quarter common stock dividend is payable on July 26, 2024, to shareholders of record on July 1, 2024. Preferred Stock Dividends In accordance with the terms of Rithm Capital's 7.50% Series A Cumulative Redeemable Preferred Stock ("Series A"), the Board declared a Series A dividend for the second quarter 2024 of $0.4687500 per share. In accordance with the terms o