Rithm Capital CFO Santoro sells $951,000 in common stock
Investing.com ·
Rithm Capital CFO Santoro sells $951,000 in common stock
Nicola Santoro Jr., Chief Financial Officer of Rithm Capital Corp. (NASDAQ:RITM), sold 100,000 shares of the company’s common stock on November 4, 2026. The transactions totaled $951,000.
The shares were sold at prices ranging from $9.4900 to $9.5500 per share, with a weighted average price of $9.51. Following these sales, Mr. Santoro directly holds 81,281 shares of Rithm Capital Corp. common stock.The sale comes as Rithm Capital trades at $9.45, below InvestingPro’s Fair Value estimate, suggesting the stock may be undervalued. According to InvestingPro Tips, the company pays a significant dividend to shareholders with a yield of 10.58% and has maintained dividend payments for 14 consecutive years. For deeper insights into RITM’s valuation and financial health, investors can access the comprehensive Pro Research Report, available for this and 1,400+ other US equities.
In other recent news, Rithm Capital reported third-quarter earnings that surpassed Wall Street expectations, driven by robust servicing income and strong credit performance. The company announced earnings available for distribution of $0.55 per share, exceeding the analyst forecast of $0.49. Revenue also outperformed expectations, reaching $1.76 billion compared to the projected $1.47 billion. Following these results, Keefe, Bruyette & Woods raised its price target for Rithm Capital to $13.00 from $12.50, while maintaining an Outperform rating. The firm also adjusted its forward earnings estimates, increasing the fiscal 2026 estimate to $2.28 from $2.20. Further projections for fiscal 2027 and 2028 were raised to $2.27 and $2.50, respectively, reflecting positive trends observed in the company’s performance. These developments highlight Rithm Capital’s ability to exceed financial expectations and the subsequent positive outlook from analysts.
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