Rithm Capital Corp. (RITM)
Rithm Capital's Sector Comparative Analysis - Part 2 (Includes Q3 + Q4 2024 Dividend Projection)
This article compares RITM's recent dividend per share rates, yield percentages, and several dividend sustainability metrics to 19 mREIT peers. This includes an analysis of RITM's quarterly core earnings/earnings available for distribution (“EAD”) which directly impacts the company's dividend sustainability. This article also projects RITM's dividend sustainability for Q3 – Q4 2024.
Rithm (RITM) Laps the Stock Market: Here's Why
Rithm (RITM) reachead $11.26 at the closing of the latest trading day, reflecting a +1.26% change compared to its last close.
Rithm Capital's Updated Sector Comparative Analysis - Part 1 (Includes Recommendation For 19 Peers As Of 6/7/2024)
Part 1 of this article compares RITM's recent investment composition, leverage, hedging coverage ratio, quarterly BV, economic return (loss), and current valuation to 19 mREIT peers. 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).
Rithm Capital: A Deep-Value Investment With A 9% Yield
Rithm Capital is a strong income play with a 9% dividend yield and trades below book value. The company's focus is on mortgage servicing rights, which are pro-cyclical interest rate investments. Origination and servicing dominate the revenue mix.
2 Rithm Capital Preferred Stocks Poised For Big Returns
Rithm Capital has been the best performing mortgage REIT of late and also has 4 preferred stocks. This article focuses on 2 fixed-to-floating rate preferred stocks, symbols RITM-A and RITM-B, which will either be called fairly soon or become floating rate preferred stocks. At RITM-B's current price, its yield-to-call is 9.53% and if it is not called, it will float with a huge 11.38% yield at the current 3 month SOFR interest rate.
Rithm Capital: Irresistible Value Proposition
Rithm Capital Corp. is a well-managed mortgage REIT with strong earnings and a low dividend payout ratio. The company has considerable investments in Mortgage Servicing Rights, which benefit from higher interest rates. With inflation on the rise, Rithm Capital is poised to benefit from a higher-for-longer interest rate environment.
Rithm: Get Paid 8.79% As Investors Await Its Transition
Despite the uncertain macroeconomic outlook, Rithm continues to execute its mortgage portfolio well enough while generating robust profitability. The mREIT also offers a compelling dividend investment thesis, with reasonable EAD payout ratio and rich forward yields. Combined with the management's strategic acquisitions, we may see RITM generate improved bottom-line numbers from FQ2'24 onwards.
