JamesBrey Rithm Capital (NYSE:RITM) represents a promising high-yielding investment opportunity in the mortgage REIT business as the company supports its earnings available for distribution and is growing its business in new areas. Considering that the REIT delivered 1.88X distribution coverage in the second-quarter and that Rithm Capital's shares are undeservedly trading at an 11% discount to book value, I believe the risk profile for Rithm Capital is skewed to the upside. I am also upgrading my rating on ...

Shares of Rithm Capital Corp. (RITM) have declined 3.2% since it reported better-than-expected secondquarter 2024 results on Jul 31, 2024, before the opening bell. The quarterly results were supported by an improving performance in its Mortgage Loans Receivable business and solid Asset Management unit. Growth in interest income was a major tailwind in the second quarter. However, rising expenses partially offset the positives. Investors seem to be concerned about its declining servicing revenues, which is l ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________to________________ Commission File Number: 001-35777 | --- | --- | --- | |-------------------------------------------------------------------------------- ...

filo Rithm Capital Corporation (NYSE:RITM) continued to earn its $0.25 per share per quarter dividend easily with distributable earnings in the second quarter. Rithm Capital also grew its book value and disclosed solid financial results, driven by gains in the Mortgage Servicing Rights portfolio. I anticipate Rithm Capital to do more acquisitions moving forward, particularly in the asset management business, in order to diversify its mortgage-heavy investment portfolio and create new income streams. From a ...

T petekarici We previously covered Rithm Capital Corp. (NYSE:NYSE:RITM) in May 2024, discussing its excellent mortgage portfolio execution and robust profitability despite the challenging macroeconomic outlook. Combined with the management's strategic diversification into the Alternative Asset Management Business [AAMB] through the acquisition of Sculptor Capital Management in November 2023, amongst others, and the still rich dividend investment thesis, we had rated the mREIT as a Buy then. Since then, RITM ...

Rithm Capital Corp. (NYSE:RITM) Q2 2024 Earnings Conference Call July 31, 2024 8:00 AM ET Company Participants Emma Bolla - Associate General Counsel Michael Nierenberg - Chairman, CEO and President Baron Silverstein - President, Newrez Conference Call Participants Eric Hagen - BTIG Bose George - KBW Stephen Laws - Raymond James Crispin Love - Piper Sandler Trevor Cranston - JMP Securities Operator Good morning and welcome to the Rithm Capital Second Quarter 2024 Earnings Call. All participants will be in l ...

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Rithm: mixed. While the magnitude and direction of estimate revisions could change following the company's just-release ...

Q2 2024 Quarterly Supplement Rithm Capital Quarterly Supplement Q2 2024 Disclaimers IN GENERAL. This disclaimer applies to this document and the verbal or written comments of any person presenting it. This document, taken together with any such verbal or written comments, is referred to herein as the "Presentation." FORWARD-LOOKING STATEMENTS. Certain statements regarding Rithm Capital Corp. (together with its subsidiaries, "Rithm," "Rithm Capital," the "Company" or "we") in this Presentation may constitute ...

rithm (1) • GAAP net income of $213.2 million, or $0.43 per diluted common share • Earnings available for distribution of $231.1 million, or $0.47 per diluted common share • Common dividend of $122.4 million, or $0.25 per common share • Book value per common share of $12.39 (1)(2) (1) Exhibit 99.1 NEW YORK - (BUSINESS WIRE) — Rithm Capital Corp. (NYSE: RITM; "Rithm Capital," "Rithm" or the "Company") today reported the following information for the second quarter ended June 30, 2024: | --- | --- | --- | --- ...

Wall Street analysts expect Rithm (RITM) to post quarterly earnings of $0.42 per share in its upcoming report, which indicates a year-over-year decline of 32.3%. Revenues are expected to be $1.13 billion, up 8.9% from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe. Before a company announces its earnings, it is essential ...