Rithm Capital's Updated Sector Comparative Analysis - Part 1 (Includes Recommendation For 19 Peers As Of 6/7/2024) [Seeking Alpha]
Rithm Capital Corp. (RITM)
Company Research
Source: Seeking Alpha
Due to what has occurred during the second quarter of 2024 (fluctuating rates/yields), understanding the composition of RITM's MSR/investment and derivatives portfolio is crucial in understanding current/future performance. My current RITM BV projection and updated price target is in the “Conclusions Drawn” section. RITM is currently deemed undervalued (buy recommendation). I also provide a list of the mREIT covered stocks I currently believe are undervalued (a buy recommendation), overvalued (a sell recommendation), or appropriately valued (a hold recommendation). Part1 also performs a detailed analysis of RITM's MSR and derivatives portfolios as of 3/31/2024. This includes RITM's projected performance during the second quarter of 2024 (through 6/7/2024). 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) peer
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RITM
News
- Rithm Capital Corp. Declares Second Quarter 2024 Common and Preferred Dividends [Yahoo! Finance]Yahoo! Finance
- Rithm Capital Corp. Declares Second Quarter 2024 Common and Preferred DividendsBusiness Wire
- Rithm (RITM) Laps the Stock Market: Here's Why [Yahoo! Finance]Yahoo! Finance
- Newrez mortgage review 2024 [Yahoo! Finance]Yahoo! Finance
- Newrez Sweeps All Four Eligible Military Friendly® Awards for Second Consecutive Year [Yahoo! Finance]Yahoo! Finance
RITM
Earnings
- 4/30/24 - Beat
RITM
Sec Filings
- 6/25/24 - Form 3
- 6/24/24 - Form 4
- 5/29/24 - Form 4
- RITM's page on the SEC website