Rithm Capital Corp. reports voting results from annual meeting

On Thursday, Rithm Capital Corp., a real estate investment trust with a market capitalization of approximately $6 billion and a notable 9% dividend yield, disclosed the outcomes of its 2025 Annual Meeting of Stockholders held on May 22, 2025. According to InvestingPro data, the company has maintained consistent dividend payments for 13 consecutive years. During the meeting, shareholders elected two Class III directors to serve until the 2028 Annual Meeting and ratified the appointment of Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025.

The elected directors are Peggy Hwan Hebard and Ranjit M. Kripalani. Hebard received 189,282,256 votes in her favor and 55,251,169 votes withheld, with 140,980,175 broker non-votes. Kripalani received 239,554,089 votes in favor and 4,979,336 votes withheld, along with the same number of broker non-votes.

Additionally, the stockholders approved the compensation of the company’s named executive officers, with 195,367,077 votes in favor, 46,074,544 against, 3,091,804 abstentions, and 140,980,175 broker non-votes.

Ernst & Young LLP’s appointment was approved with a significant majority, receiving 372,714,616 votes for, 11,117,549 against, and 1,681,434 abstentions. No other matters were voted upon at the meeting.

These results are based on a press release statement and the details of the voting have been filed with the U.S. Securities and Exchange Commission. With five analysts recently revising earnings estimates upward and a consensus "Buy" rating, detailed analysis of Rithm Capital’s prospects is available in the comprehensive Pro Research Report, accessible through InvestingPro.

In other recent news, Rithm Capital Corp. reported its first-quarter 2025 earnings, with earnings per share (EPS) of $0.52, exceeding analyst expectations of $0.47. Despite this positive earnings result, the company’s revenue of $768.38 million fell short of the anticipated $1.24 billion. Piper Sandler upgraded Rithm Capital’s stock rating from Neutral to Overweight, raising the price target to $14.00, citing the company’s strong servicing fee income and a robust 17% core return on equity. Piper Sandler noted that Rithm Capital is trading at a discount to its book value and projects continued high returns on equity. The firm also highlighted the potential for a 40%+ total return on shares over the next 12 months. Rithm Capital is actively pursuing strategic initiatives, including potential mergers and acquisitions in the mortgage and asset management sectors. The company also launched several new funds and expanded its financial services, maintaining its position as a top U.S. mortgage servicer and originator.

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