Shares of Rithm Capital have moved -1.2% today, and are now trading at a price of $9.81. In contrast, the S&P 500 index saw a -1.0% change. Today's trading volume is 635,005 compared to the stock's average volume of 3,711,328.
Rithm Capital Corp. operates as an investment manager that operates a vertically integrated mortgage platform and invests in real estate and related properties in the United States and Europe. Based in New York, United States the company has 5,870 full time employees and a market cap of $4,741,379,072. Rithm Capital currently offers its equity investors a dividend that yields 10.1% per year.
The company is now trading -15.5% away from its average analyst target price of $11.61 per share. The 9 analysts following the stock have set target prices ranging from $10.5 to $13.0, and on average give Rithm Capital a rating of buy.
Over the last 52 weeks, RITM stock has risen 24.0%, which amounts to a 7.0% difference compared to the S&P 500. The stock's 52 week high is $10.45 whereas its 52 week low is $6.86 per share. With its net margins declining an average -30.9% over the last 2 years, Rithm Capital may not have a strong enough profitability trend to support its stock price.
| Date Reported | Total Revenue ($ k) | Net Profit ($ k) | Net Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2023-02-17 | 2,564,714 | 954,519 | 37 | -52.56 |
| 2022-02-17 | 984,201 | 772,226 | 78 |
