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 |
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
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
Rithm Capital Corp. (NYSE:RITM, "Rithm"))), a global asset manager focused on real estate, credit and financial services, and Great Ajax Corp. (NYSE:AJX, "Great Ajax"))), a real estate investment trust, today completed their previously announced transaction. As part of the transaction, Great Ajax has entered into a management agreement with an affiliate of Rithm to serve as Great Ajax's external manager. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240610363273/en/ The transaction marks a significant milestone for Great Ajax, with plans to transition the company from a legacy residential loan platform into an opportunistic veh
Rithm Capital Corp. (NYSE:RITM, "Rithm Capital"))) today completed its previously announced acquisition of Computershare Mortgage Services Inc. and certain affiliated companies, including Specialized Loan Servicing LLC ("SLS"). Immediately following the closing of the acquisition, SLS merged into Newrez LLC ("Newrez"). Transaction highlights: Adds ~$149b in unpaid principal balance of servicing UPB, of which $104b third-party and other servicing to Newrez portfolio Adds new third-party clients and increases existing client wallet share, significantly expanding Newrez's subservicing and special servicing businesses Adds co-issue MSR acquisition capabilities to Newrez originations
Rithm Capital Corp. (NYSE:RITM, "Rithm Capital, " "Rithm" or the "Company"))) today reported the following information for the first quarter ended March 31, 2024: First Quarter 2024 Financial Highlights: GAAP net income of $261.6 million, or $0.54 per diluted common share(1) Earnings available for distribution of $233.2 million, or $0.48 per diluted common share(1)(2) Common dividend of $120.9 million, or $0.25 per common share Book value per common share of $12.19(1) Q1 2024 Q4 2023 Summary Operating Results: GAAP Net (Loss) Income per Diluted Common Share(1) $ 0.54 $
Rithm Capital Corp. (NYSE:RITM, "Rithm Capital, " "Rithm" or the "Company"))) announced today that it will release its first quarter 2024 financial results for the period ended March 31, 2024 on Tuesday, April 30, 2024 prior to the opening of the New York Stock Exchange. In addition, management will host a conference call on Tuesday, April 30, 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 refere
Sculptor's Latest US CLO XXIII Closes with $406m Further Expanding Sculptor's $15bn AUM Institutional Credit Strategies Sculptor Capital Management, Inc. ("Sculptor") today announced the launch of Sculptor Loan Financing Partners, the firm's captive CLO equity investment platform, anchored by a commitment from Rithm Capital Corp. (NYSE:RITM, "Rithm"))). Sculptor Loan Financing Partners will manage investments in the equity tranches of Sculptor managed CLOs in the US and Europe, and expands the firm's Institutional Credit Strategies business, which oversees approximately $15 billion in assets under management. This press release features multimedia. View the full release here: https://w
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
Offering Received Broad Participation From 46 Investors Genesis Capital LLC ("Genesis"), a leading business purpose lender that provides innovative debt 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 completed a $500 million rated securitization backed by residential transition loans ("RTL"). The transaction, which received support from 46 investors, represents the largest-ever rated residential transition loan securitization and the first rated transaction focused on ground-up construction. This press release features multimedia. View the
4 - Rithm Capital Corp. (0001556593) (Reporting)
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
Rithm Capital Corp. (NYSE:RITM, "Rithm"))), a global asset manager focused on real estate, credit and financial services, and Great Ajax Corp. (NYSE:AJX, "Great Ajax"))), a real estate investment trust, today completed their previously announced transaction. As part of the transaction, Great Ajax has entered into a management agreement with an affiliate of Rithm to serve as Great Ajax's external manager. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240610363273/en/ The transaction marks a significant milestone for Great Ajax, with plans to transition the company from a legacy residential loan platform into an opportunistic veh
Rithm Capital Corp. (NYSE:RITM, "Rithm Capital"))) today completed its previously announced acquisition of Computershare Mortgage Services Inc. and certain affiliated companies, including Specialized Loan Servicing LLC ("SLS"). Immediately following the closing of the acquisition, SLS merged into Newrez LLC ("Newrez"). Transaction highlights: Adds ~$149b in unpaid principal balance of servicing UPB, of which $104b third-party and other servicing to Newrez portfolio Adds new third-party clients and increases existing client wallet share, significantly expanding Newrez's subservicing and special servicing businesses Adds co-issue MSR acquisition capabilities to Newrez originations
Rithm Capital Corp. (NYSE:RITM, "Rithm Capital, " "Rithm" or the "Company"))) today reported the following information for the first quarter ended March 31, 2024: First Quarter 2024 Financial Highlights: GAAP net income of $261.6 million, or $0.54 per diluted common share(1) Earnings available for distribution of $233.2 million, or $0.48 per diluted common share(1)(2) Common dividend of $120.9 million, or $0.25 per common share Book value per common share of $12.19(1) Q1 2024 Q4 2023 Summary Operating Results: GAAP Net (Loss) Income per Diluted Common Share(1) $ 0.54 $
Rithm Capital Corp. (NYSE:RITM, "Rithm Capital, " "Rithm" or the "Company"))) announced today that it will release its first quarter 2024 financial results for the period ended March 31, 2024 on Tuesday, April 30, 2024 prior to the opening of the New York Stock Exchange. In addition, management will host a conference call on Tuesday, April 30, 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 refere
Sculptor's Latest US CLO XXIII Closes with $406m Further Expanding Sculptor's $15bn AUM Institutional Credit Strategies Sculptor Capital Management, Inc. ("Sculptor") today announced the launch of Sculptor Loan Financing Partners, the firm's captive CLO equity investment platform, anchored by a commitment from Rithm Capital Corp. (NYSE:RITM, "Rithm"))). Sculptor Loan Financing Partners will manage investments in the equity tranches of Sculptor managed CLOs in the US and Europe, and expands the firm's Institutional Credit Strategies business, which oversees approximately $15 billion in assets under management. This press release features multimedia. View the full release here: https://w
Rithm Capital Corp. (NYSE:RITM, "Rithm Capital" or the "Company"))) announced today that its Board of Directors (the "Board") has declared first 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 first quarter 2024. The first quarter common stock dividend is payable on April 26, 2024 to shareholders of record on April 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 first quarter 2024 of $0.4687500 per share. In accordance with the terms of R
Rithm Capital Corp. (NYSE:RITM, "Rithm"))) announced today the early tender results of the previously announced cash tender offer (the "Tender Offer") to purchase up to $275 million aggregate principal amount (the "Tender Cap") of Rithm's outstanding 6.250% Senior Unsecured Notes due 2025 (the "2025 Notes"), on the terms and subject to the conditions set forth in the Offer to Purchase, dated March 4, 2024, as amended (the "Offer to Purchase"). According to D.F. King & Co., Inc., the tender and information agent for the Tender Offer, as of 5:00 p.m., New York City time, on March 15, 2024 (the "Early Tender Deadline"), $483,626,000 aggregate principal amount of the outstanding 2025 Notes we
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.
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
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