Why Is RITHM CAPITAL CORP REIT (RITM) Stock Up Today?

RITM stock rose 6.26% to $9.80 in morning trade on Monday, driven by the release of Rithm Capital's second-quarter 2026 earnings results. The company reported record asset management growth and strong operational returns, with non-GAAP earnings per share of $0.60 beating estimates by $0.10. Assets under management reached $61 billion, reflecting a significant increase in inflows.

What Happened

Rithm Capital announced robust second-quarter 2026 results, including a surge in asset management revenue and notable operational returns across lending and real estate. The firm's non-GAAP earnings per share of $0.60 exceeded expectations, while revenue of $1.28 billion fell short by $140 million. Despite the revenue miss, the company's return on equity increased, and it reported strong distribution to shareholders. The SEC 8-K filing confirmed the results, with financial statements and operational details disclosed. Analysts from Piper Sandler, BTIG, and Citizens adjusted their price targets, maintaining or raising their outlooks on the stock.

What The Data Shows

The stock opened with a 0.8% gap up at $9.30, following a prior close of $9.23. It reached an intraday high of $9.82 at 9:40 AM ET, with the last trade at $9.80. The session volume of 1.9 million shares is 0.3 times the 3-month daily average. Rithm Capital has a market cap of $5.1 billion, a P/E ratio of 8.6, and a trailing twelve-month revenue growth of 20.1%. The company's net margin is 17.0%, and it offers a dividend yield of 10.96%. The stock is currently trading within its 52-week range of $8.43 to $12.74.

What To Watch

Rithm Capital has no upcoming earnings date in the provided data. Investors should monitor the breadth of analyst coverage and any further adjustments to price targets in the coming weeks.