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Rithm Capital's Updated Sector Comparative Analysis - Part 1 (Includes Recommendation For 19 Peers As Of 6/7/2024)
Seeking Alpha· 2024-06-12 03:37
Colonial HD E t H the state the first the first 4000 t 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 compar ...
Rithm Capital: A Deep-Value Investment With A 9% Yield
Seeking Alpha· 2024-06-03 04:29
Zephyr18 Rithm Capital (NYSE:RITM) is growing its business, seeing solid earnings available for distribution strength and supplying a well-supported dividend for investors. The company has evolved drastically in the last couple of years, broadening its investment scope and portfolio footprint, although Rithm Capital is still heavily focused on one of its original investment premises: mortgage servicing rights. I believe Rithm Capital is a truly outstanding income play with a 9% dividend yield and shares con ...
2 Rithm Capital Preferred Stocks Poised For Big Returns
seekingalpha.com· 2024-05-29 16:30
nicolamargaret Rithm Capital Company Web Site Rithm Capital (NYSE:RITM) is a residential mortgage REIT (mREIT), at least for tax purposes. But it is much more diversified than some other mREITs, many of which simply purchase mortgages. RITM, however, calls itself a global asset manager. Yes, it has investments in mortgages and real estate loans, but it also has a large investment in mortgage service rights (MSRs). Other real estate investments include single family homes, title insurance, appraisals and a m ...
Rithm Capital: Irresistible Value Proposition
seekingalpha.com· 2024-05-22 04:59
Dragon Claws Rithm Capital Corp. (NYSE:RITM) is a well-managed mortgage real estate investment trust with strong distributable earnings results for the first quarter and a low dividend pay-out ratio. Furthermore, Rithm Capital has considerable investments in Mortgage Servicing Rights, whose values benefit from higher interest rates. With inflation seeing a bit of a resurgence in early 2024, I think the market is set to face a higher-for-longer interest rate environment, which would benefit Rithm Capital. Si ...
Rithm: Get Paid 8.79% As Investors Await Its Transition
seekingalpha.com· 2024-05-16 20:00
We Are This mREIT Investment Thesis Remains Robust, If Intermediate-Term Expectations Are Tempered RITM's Business Model Rithm 2.0 Lays the Foundation for Growth We are in the early stages of our transformation into a leading global asset manager 2013 - 2018 2019 - 2024 Future State ore Strategy Sculptor adoor ! undine Seeking Alpha Rithm Capital Corp. (NYSE:RITM) is a company that initially started as an owner of excess Mortgage Scriving Rights [MSR] and eventually evolved to an asset manager company focus ...
Rithm (RITM) Rises 1.6% Since Q1 Earnings Beat: Growth Ahead?
Zacks Investment Research· 2024-05-15 18:11
Shares of Rithm Capital Corp. (RITM) have gained 1.6% since it reported strong first-quarter 2024 results on Apr 30, 2024. The quarterly results were supported by a solid performance of its servicing portfolio. Gain on sale margins exhibited signs of recovery during the quarter, although there is still some ground to cover to reach their levels from a year ago. The growing strength of the Newrez business in the first quarter contributed to the positive results. The increasing market share of Newrez's origin ...
Rithm Capital (RITM) - 2024 Q1 - Quarterly Report
2024-05-03 00:06
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 March 31, 2024 or Rithm Capital Corp. (Exact name of registrant as specified in its charter) | Delaware | | 45-3449660 | | --- | --- | --- | | (State or other jurisdiction of incorporation or organization) | | (I.R.S. Employer Identification No.) | | 799 Broadway New York | NY | 10003 | | (Address of princip ...
Rithm Capital (RITM) - 2024 Q1 - Earnings Call Transcript
2024-04-30 14:15
Rithm Capital Corp. (NYSE:RITM) Q1 2024 Earnings Conference Call April 30, 2024 8:00 AM ET Company Participants Emma Bolla - Associate General Counsel Michael Nierenberg - Chairman, CEO and President Baron Silverstein - President, Newrez Conference Call Participants Bose George - KBW Eric Hagen - BTIG Doug Harter - UBS Stephen Laws - Raymond James Jason Weaver - Jones Trading Trevor Cranston - JMP Securities Crispin Love - Piper Sandler Operator Hello and welcome to the Rithm Capital First Quarter 2024 Earn ...
Rithm Capital (RITM) - 2024 Q1 - Earnings Call Presentation
2024-04-30 11:48
Quarterly Supplement FORWARD-LOOKING STATEMENTS. Certain statements regarding Rithm Capital Corp. (together with its subsidiaries, "Rithm," "Rithm Capital," the "Company" or "we") in this Presentation may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, the ability to complete the acquisition of Computershare Mortgage Services Inc. and certain affiliated companies, including Specialized Loan Servicing LLC ("SLS") ...
Rithm Capital (RITM) - 2024 Q1 - Quarterly Results
2024-04-30 10:47
Exhibit 99.1 Rithm Capital Corp. Announces First Quarter 2024 Results NEW YORK - (BUSINESS WIRE) — Rithm Capital Corp. (NYSE: RITM; "Rithm Capital," "Rithm" or the "Company") today reported the following information for the first quarter ended March 31, 2024: First Quarter 2024 Financial Highlights: | | Q1 2024 | | Q4 2023 | | | --- | --- | --- | --- | --- | | Summary Operating Results: | | | | | | (1) GAAP Net (Loss) Income per Diluted Common Share | $ | 0.54 | $ | (0.18) | | GAAP Net (Loss) Income | $ | 2 ...