It’s Not Over Yet For Rithm Capital Corporation (NYSE: RITM)

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility.

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Stocks Info

Rithm Capital Corporation is listed on the NYSE in the Real Estate sector while operating in the REIT – Mortgage industry. At the end of the last regular session, the stock closed at $10.54 and fluctuated between $10.58 as its day high and $10.38 as its day low. The current market capitalization of Rithm Capital Corporation is $5.09B. A total of 2.68 million shares were traded on the day, compared to an average of 3.51M shares.

In the most recent transaction, Rithm Capital Corp. bought 29,664,827 shares of RITM for 12.70 per share on Nov 17 ’23. After the transaction, the 10% Owner now owns 1,000 company shares.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Rithm Capital Corporation pays an annual dividend of $1.00, resulting in a dividend yield of 9.49%, and it has a price to earnings (P/E) ratio of 9.57. RITM’s most recent ex-dividend date was 3/28/2024 when it declared a $0.25 quarterly dividend that was paid in cash on 4/26/2024. Previously, the company paid the dividend on 1/26/2024 with an ex-dividend date of 12/28/2023. The RITM stock dividend was $0.25 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, RITM has a high of $11.33 and a low of $7.59.

As of this writing, RITM has an earnings estimate of $Rhythm Pharmaceuticals, Inc. per share for the current quarter. EPS was calculated based on a consensus of Rithm Capital Corp. estimates, with a high estimate of $SiTime Corporation per share and a lower estimate of $ETF Series Solutions ETFB Green.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. Its Book Value Per Share was $11.90, while its Total Shareholder’s Equity was $6.67B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. 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.

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