How to Buy Rithm Capital Stock
Rithm Capital Corp
Rithm Capital is a mortgage REIT company located in New York, United States, which is part of the Real Estate sector, and is traded under the ticker RITM on the NYSE exchange.
Rithm Capital stock last closed at $11.08, up 1.28% from the previous day, and has increased 37.64% in one year. It has overperformed other stocks in the REIT - Mortgage industry by 0.4 percentage points. Rithm Capital stock is currently +46.08% from its 52-week low of $7.59, and -2.21% from its 52-week high of $11.33.
As of Apr 23, 2024, there are 483.23M RITM shares outstanding. The market cap of RITM is $5.35B. In the past 24 hours, 2.47M RITM shares were traded.
How to Buy Rithm Capital Stock
Not sure how to invest in Rithm Capital stock? Here's how.
- Figure out where to buy Rithm Capital stock: You need to pick a stock brokerage, but don't worry - we've researched dozens of online brokerages and apps to help you figure out where to buy Rithm Capital stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Put funds into your investment account: Pick your payment method and add your information.
- Evaluate Rithm Capital stock: The Rithm Capital ticker symbol is RITM. Is Rithm Capital stock a good investment? Should you buy shares of RITM? How do RITM's underlying business fundamentals look? Do top analysts think Rithm Capital is a good buy? Why has RITM's stock price moved recently? (Hint: Our stock analysis website can help you decide if RITM is a good stock to buy).
- Make your RITM trade: Decide if you will purchase RITM shares at the current market price or use a limit order to purchase RITM stock at a specific price.
- Get the latest scoop on your RITM position: Create a watchlist to important notifications about your position in Rithm Capital stock.
Step 1: Figure out where to buy Rithm Capital stock
You need an online brokerage account to access the NYSE market and buy RITM shares.
Our favorite brokerage: eToro
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Open eToro AccountStep 2: Create a brokerage account
Now that you've picked the best brokerage, it's time to fill out some personal info so you can buy RITM stock today.
How to Set Up a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to create your new trading account.
- Send your data by clicking the "Create Account" button. Get started with eToro today
Step 3: Put funds into your investment account
Now that you have finished signing up on a good online stock trading app, you need to deposit funds:
Watch the video below for more details transferring funds into your brokerage account.
Step 4: Evaluate Rithm Capital stock
After you have decided on the best place to buy Rithm Capital stock, it's crucial to research their stock before you buy, so you can wrap your head around the risk as well as the upside.
Rithm Capital Metrics
Rithm Capital Overview
WallStreetZen was designed to help part-time investors perform better fundamental analysis in less time.
You can view all of the due diligence checks on RITM's stock page.
Is RITM stock undervalued or overvalued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge RITM's true value.
Using relative valuations methods:
- RITM could be undervalued based on its P/E ratio of 9.98x, relative to REIT - Mortgage industry P/E ratio of 37.68x
- RITM could be overvalued based on its P/B ratio of 0.76x, relative to REIT - Mortgage industry P/B ratio of 0.72x
You can do additional valuation analysis on RITM's stock here.
RITM Financial Summary
Pros:
- RITM earnings of $744.42M is not enough to cover its interest payments.
- Total RITM debt is lower than 5 years ago, relative to shareholder equity.
Cons:
- RITM has a relatively high debt to equity ratio of 4.03.
- RITM's operating cash flow of $1.10B allows it to safely service it's debt of $25.74B.
- RITM profit margin has gone down from 18.8% to 14.4% in the past year.
Do Wall Street analysts think it's a good time to buy Rithm Capital stock
Out of 8 Wall Street analysts who monitor RITM, the consensus analyst rating on RITM is a Strong Buy
Please note that analyst forecasts are not recommendations, nor are they investment advice.
Most Recent RITM Analyst Recommendations
Matthew Erdner, a top 25% analyst from JonesTrading maintains RITM with a strong buy rating and raises their RITM price target from $11.00 to $12.00, on Feb 22, 2024.
Matthew Howlett, a bottom 8% analyst from B. Riley Securities maintains RITM with a strong buy rating and raises their RITM price target from $12.00 to $13.00, on Feb 21, 2024.
Douglas Harter, a top 20% analyst from UBS initiates coverage on RITM with a strong buy rating and announces their RITM price target of $12.50, on Dec 6, 2023.
You can dive deeper into what analysts are saying on the Rithm Capital stock forecast page.
RITM Momentum
Is RITM Making Money?
Last year, RITM earnings were $532.68M. In the last 5 year, RITM's earnings have increased by -17.01% per year. This was slower than the REIT - Mortgage industry average of -10.98%.
Last year, RITM revenue was $3.69B. In the past five year, RITM's revenue has grown by 9.75% per year. This was faster than the REIT - Mortgage industry average of 5.8%.
Find out more about RITM's earnings and revenue performance here.
Latest Insiders Trades at RITM
In the last 12 months, insiders at RITM have sold more shares than they have bought.
Michael Nierenberg, Chief Executive Officer of RITM, was the latest RITM insider to sell. They sold $846,653.80 worth of RITM stock on Mar 21, 2024.
Get more info about who owns RITM stock here.
Does RITM stock generate passive income?
Rithm Capital pays a dividend of 9.03%, compared to the REIT - Mortgage industry's average dividend yield of 13.57%. If you owned $1,000 worth of RITM stock, you would have received $90.25 in the past year.
Rithm Capital dividend payments have not consistently grown over the past decade and have not remained stable.
Find more info about Rithm Capital dividend yield and history here.
Get analysis from other investors
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Make your RITM trade
You have two main order types:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are usually fine. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a specific dollar amount limit, use a limit order.
Click the Open button and eToro will place your order.
If you require additional assistance buying stocks on eToro, watch the helpful video below:
Step 6: Get the latest scoop on your RITM position
Now that you own some RITM stock, you'll want to stay up-to-date on your new stock purchase.
Start a watchlist to get notified of the latest news about your RITM stock.
RITM Feed
How to Buy Stock in Rithm Capital
To summarize, here are the 6 steps to buy stock in Rithm Capital:
- Figure out where to buy Rithm Capital stock
- Create a brokerage account
- Put funds into your investment account
- Evaluate Rithm Capital stock
- Make your RITM trade
- Get the latest scoop on your RITM position
If you need a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to keep tabs on your new investment in Rithm Capital, click below.
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