Rithm CapitalRITM
About: Rithm Capital Corp operates as a real estate investment trust that provides capital and services to the real estate and financial services industries. The company's mission is to generate attractive risk-adjusted returns in all interest-rate environments through a complementary portfolio of investments and operating businesses. Rithm Capital's investment portfolio is composed of mortgage servicing-related assets (full and excess MSRs and servicer advances), residential securities (and associated call rights) loans (including single-family rental), and consumer loans.
Employees: 6,570
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
48% more first-time investments, than exits
New positions opened: 77 | Existing positions closed: 52
15% more repeat investments, than reductions
Existing positions increased: 158 | Existing positions reduced: 137
6% more funds holding
Funds holding: 440 [Q1] → 465 (+25) [Q2]
0.47% more ownership
Funds ownership: 46.58% [Q1] → 47.04% (+0.47%) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 5 [Q1] → 5 (+0) [Q2]
1% less capital invested
Capital invested by funds: $2.51B [Q1] → $2.48B (-$29M) [Q2]
38% less call options, than puts
Call options by funds: $28.3M | Put options by funds: $45.9M
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Wedbush Jay McCanless 61% 1-year accuracy 42 / 69 met price target | 23%upside $13 | Outperform Reiterated | 16 Aug 2024 |
RBC Capital Kenneth Lee 82% 1-year accuracy 51 / 62 met price target | 23%upside $13 | Outperform Reiterated | 13 Aug 2024 |
Financial journalist opinion
Based on 9 articles about RITM published over the past 30 days