Rithm Capital's Sector Comparative Analysis - Part 2 (Includes Q2 2024 + Q3 2024 Dividend Projection) [Seeking Alpha]
Rithm Capital Corp. (RITM)
Company Research
Source: Seeking Alpha
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 Q2 – Q3 2024. Even with the market's recent rally, RITM remains within my/our undervalued range. RITM's recommendation and per share ranges are provided in the article. My current RITM buy, sell, or hold recommendation (based on a valuation methodology) and current BV projection are stated in the “Conclusions Drawn” section. I do much more than just articles at The REIT Forum: Members get access to model portfolios, regular updates, a chat room, and more. Learn More » Focus of Article: The focus of this two-part article is to provide a very detailed analysis comparing Rithm Capital Corp. ( NYSE: RITM ) to 19 other mortgage real estate investment trust (mREIT) peers I currently fully cover. I am writing this two-part article due to the continued req
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RITM
News
- Rithm Capital Corp. (NYSE: RITM) had its price target raised by analysts at Keefe, Bruyette & Woods from $12.00 to $12.50. They now have an "outperform" rating on the stock.MarketBeat
- Rithm Capital Corp. Completes Acquisition of Computershare Mortgage Services Inc., Expanding Newrez LLC's Servicing Portfolio and Subservicing Platform [Yahoo! Finance]Yahoo! Finance
- Rithm Capital Corp. Completes Acquisition of Computershare Mortgage Services Inc., Expanding Newrez LLC’s Servicing Portfolio and Subservicing PlatformBusiness Wire
- Rithm Capital Corp. (NYSE:RITM) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Compared to Estimates, Rithm (RITM) Q1 Earnings: A Look at Key Metrics [Yahoo! Finance]Yahoo! Finance
RITM
Earnings
- 4/30/24 - Beat
RITM
Sec Filings
- 5/3/24 - Form 10-Q
- 5/1/24 - Form 8-K
- 4/30/24 - Form 4
- RITM's page on the SEC website