After Hours
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. The stock was recently discussed on Yahoo Finance as it revealed that David Werner Real Estate Investments Secures Long-term Lease Extension with Dow at Collegeville, Pennsylvania Life Sciences Campus.
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Stocks Info
As a NYSE listed company, RITM falls under the Real Estate sector while operating within the REIT – Mortgage industry segment. The current market capitalization of Rithm Capital Corporation is $5.23B. A total of 3.28 million shares were traded on the day, compared to an average of 3.57M shares.
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, RITM has seen 3 BUY and 0 SELL insider trades, representing the acquisition of 15,548 and the disposition of 0 shares. Over the last 12 months, there were 18 BUYs and 1 SELLs from insiders. Insiders purchased 710,508 shares during that period but sold 106,545.
In the most recent transaction, Rithm Capital Corp. bought 29,664,827 shares of RITM for 12.70 per share on Nov 17. After the transaction, the 10% Owner now owns 1,000 company shares.
Dividend
Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Rithm Capital Corporation pays an annual dividend of $1.00, resulting in a dividend yield of 9.23%, and it has a price to earnings (P/E) ratio of 7.46. RITM’s most recent ex-dividend date was 12/28/2023 when it declared a $0.25 quarterly dividend that was paid in cash on 1/26/2024. Previously, the company paid the dividend on 10/27/2023 with an ex-dividend date of 9/28/2023. The RITM stock dividend was $0.25 per share in cash.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for RITM in the last 3 months, the mean price target is $11.85 with high estimates of $13.00 and low estimates of $10.50. In terms of 52-week highs and lows, RITM has a high of $11.15 and a low of $7.40.
As of this writing, RITM has an earnings estimate of $0.38 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $0.5 per share and a lower estimate of $0.32. The company reported an EPS of $0.62 in the last quarter, which was 77.10% higher than expectations of $0.35.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. Its Book Value Per Share was $12.32, while its Total Shareholder’s Equity was $6.67B.
Analysts Opinion
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for RITM is Buy with a score of 4.50.
