Rithm (RITM) closed the latest trading day at $11.42, indicating a -1.38% change from the previous session's end. The stock trailed the S&P 500, which registered a daily gain of 1.07%. Meanwhile, the Dow gained 0.31%, and the Nasdaq, a tech-heavy index, added 2.17%. Heading into today, shares of the real estate investment trust had gained 4.04% over the past month, lagging the Finance sector's gain of 4.06% and outpacing the S&P 500's gain of 2.92% in that time. The investment community will be paying close ...

Recent remarks from Federal Reserve Chairman Powell have me thinking interest rate cuts may finally be on the horizon. A core theme of the economy over the last couple of years is abnormally high inflation. While politicians are often criticized or cheered for the current state of the economy, the Federal Reserve is actually the institution responsible for setting monetary policy. In an effort to combat inflation, the Federal Reserve raised interest rates 11 times throughout 2022 and 2023. In finance jargon ...

Rithm (RITM) closed the latest trading day at $11.61, indicating no change from the previous session's end. This change was narrower than the S&P 500's daily loss of 0.3%. On the other hand, the Dow registered a loss of 0.54%, and the technology-centric Nasdaq increased by 0.25%. Coming into today, shares of the real estate investment trust had gained 6.22% in the past month. In that same time, the Finance sector gained 6.22%, while the S&P 500 gained 3.42%. The investment community will be paying close att ...

08 금 Intel Zerbor Rithm: Solid Recovery Over The Past Few Weeks Rithm Capital Corp. (NYSE:RITM) investors have witnessed a solid recovery as RITM broke to a new recent high last week. As a result, investors experienced four consecutive weeks of recovery before selling pressure emerged this week. The leading mREIT has continued to diversify its business beyond its core MSR business. As a result, the company attempts to transition into other business segments that could improve its valuation multiples over ti ...

Tony Anderson Focus of Article: The focus of PART 1 of this article is to analyze Rithm Capital Corp.'s (NYSE:RITM) recent results and compare several of the company's metrics to 19 mortgage real estate investment trust (mREIT) peers. This analysis will show past and current data with supporting documentation. Table 1a will compare RITM's investment composition, recent leverage, hedging coverage ratio, and change in investment portfolio size to the 19 mREIT peers. Table 1b will compare RITM's BV, economic r ...

JamesBrey Rithm Capital (NYSE:RITM) represents a promising high-yielding investment opportunity in the mortgage REIT business as the company supports its earnings available for distribution and is growing its business in new areas. Considering that the REIT delivered 1.88X distribution coverage in the second-quarter and that Rithm Capital's shares are undeservedly trading at an 11% discount to book value, I believe the risk profile for Rithm Capital is skewed to the upside. I am also upgrading my rating on ...

Shares of Rithm Capital Corp. (RITM) have declined 3.2% since it reported better-than-expected secondquarter 2024 results on Jul 31, 2024, before the opening bell. The quarterly results were supported by an improving performance in its Mortgage Loans Receivable business and solid Asset Management unit. Growth in interest income was a major tailwind in the second quarter. However, rising expenses partially offset the positives. Investors seem to be concerned about its declining servicing revenues, which is l ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________to________________ Commission File Number: 001-35777 | --- | --- | --- | |-------------------------------------------------------------------------------- ...

filo Rithm Capital Corporation (NYSE:RITM) continued to earn its $0.25 per share per quarter dividend easily with distributable earnings in the second quarter. Rithm Capital also grew its book value and disclosed solid financial results, driven by gains in the Mortgage Servicing Rights portfolio. I anticipate Rithm Capital to do more acquisitions moving forward, particularly in the asset management business, in order to diversify its mortgage-heavy investment portfolio and create new income streams. From a ...

T petekarici We previously covered Rithm Capital Corp. (NYSE:NYSE:RITM) in May 2024, discussing its excellent mortgage portfolio execution and robust profitability despite the challenging macroeconomic outlook. Combined with the management's strategic diversification into the Alternative Asset Management Business [AAMB] through the acquisition of Sculptor Capital Management in November 2023, amongst others, and the still rich dividend investment thesis, we had rated the mREIT as a Buy then. Since then, RITM ...