Rithm Capital, Great Ajax Enter Strategic Transaction; Great Ajax Enters One-year Term Loan Agreement With Subsidiary Of Rithm For Up To $70M

2/26/24 5:58:42 PM ET

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Subject to the receipt of shareholder approval, Great Ajax will enter into a management agreement with an affiliate of Rithm to serve as its external manager. The transaction will enable Great Ajax to shift its strategic direction and capitalize on commercial real estate investment opportunities.

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Recent Analyst Ratings for
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$RITM

Company	Date	Price Target	Rating	Analyst
Great Ajax Corp. $AJX	9/10/2024		Neutral	BTIG Research
Great Ajax Corp. $AJX	1/12/2024		Mkt Outperform → Mkt Perform	JMP Securities
Rithm Capital Corp. $RITM	12/6/2023	$12.50	Buy	UBS
Rithm Capital Corp. $RITM	12/16/2022	$12.00	Buy	B. Riley Securities
Rithm Capital Corp. $RITM	9/30/2022	$10.00 → $9.00	Underweight → Neutral	Piper Sandler
Great Ajax Corp. $AJX	5/18/2022	$16.00	Neutral → Buy	Compass Point
Great Ajax Corp. $AJX	4/8/2022	$11.00	Buy → Neutral	Compass Point
Great Ajax Corp. $AJX	10/18/2021	$12.50 → $15.00	Market Outperform	JMP Securities

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$AJX
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Financials

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Rithm Capital Announces the Closing of Securitized Notes Backed by Mortgage Servicing Rights
$461 Million Non-Recourse Fixed Note Offering Represents Another Innovation in MSR Financing Rithm Capital Corp. (NYSE:RITM, "Rithm Capital" or "Rithm")), a leading sponsor of structured MSR-backed capital market notes, today announced it has successfully closed NZES 2024-FNT1, a $461 million securitized financing note backed by mortgage servicing rights ("MSRs"). Leveraging Rithm's scale, strong servicing performance and high-quality collateral, this first-of-its-kind, single-tranche non-recourse transaction provides fixed financing over the term of the expected life of the assets of 3 years. The $461 million transaction was over-subscribed and represents a significant increase from an
11/14/24 4:15:00 PM ET
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Real Estate Investment Trusts
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Rithm Capital and Newrez Pledge Support to Disaster Relief Efforts in Wake of Hurricanes Helene and Milton
Commitment of $500,000 to support Habitat for Humanity and Newrez Employee Emergency Disaster Fund Newrez Joins Relief Efforts Led by Dave Matthews Band, Warren Haynes Band and Other Artists as a Corporate Sponsor of Upcoming SOULSHINE Concert Rithm Capital Corp. (NYSE:RITM, "Rithm Capital" or "Rithm")), a leading alternative asset manager, pledged a commitment of $500,000 to support disaster response efforts in the devastating wake of Hurricanes Helene and Milton through its wholly owned subsidiary Newrez LLC ("Newrez"), a leading mortgage lender and servicer. Funding will directly support Habitat for Humanity and the Newrez Employee Emergency and Disaster (NEED) Fund. "Our thoughts are
11/4/24 4:05:00 PM ET
$RITM
Real Estate Investment Trusts
Real Estate
Rithm Capital Corp. Announces Third Quarter 2024 Results
Rithm Capital Corp. (NYSE:RITM, "Rithm Capital, " "Rithm" or the "Company")) today reported the following information for the third quarter ended September 30, 2024: Third Quarter 2024 Financial Highlights: GAAP net income of $97.0 million, or $0.20 per diluted common share(1) Earnings available for distribution of $270.3 million, or $0.54 per diluted common share(1)(2) Common dividend of $129.9 million, or $0.25 per common share Book value per common share of $12.31(1) Q3 2024 Q2 2024 Summary Operating Results: GAAP Net Income per Diluted Common Share(1) $ 0.20 $ 0.43 GAAP Net Income $ 97.0 mil
10/29/24 6:45:00 AM ET
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Great Ajax Establishes Effective Date of Previously Announced Rebrand to Rithm Property Trust
Great Ajax Corp. (NYSE:AJX, "Great Ajax" or the "Company")) today announced it will complete its previously announced name change and rebrand to Rithm Property Trust Inc. on December 2, 2024. In conjunction with the rebrand, the Company's common stock will begin trading on the New York Stock Exchange at the market open on December 3, 2024, under the Company's new name and new ticker symbol of "RPT". This will replace the Company's current ticker symbol, "AJX." The CUSIP for the Company's common stock will not change, and shareholders do not need to take any action as a result of the name change. The Company's new website will be www.rithmpropertytrust.com. The rebranding initiative highligh
11/20/24 4:15:00 PM ET
$AJX
$RITM
Real Estate Investment Trusts
Real Estate
Rithm Capital Announces the Closing of Securitized Notes Backed by Mortgage Servicing Rights
$461 Million Non-Recourse Fixed Note Offering Represents Another Innovation in MSR Financing Rithm Capital Corp. (NYSE:RITM, "Rithm Capital" or "Rithm")), a leading sponsor of structured MSR-backed capital market notes, today announced it has successfully closed NZES 2024-FNT1, a $461 million securitized financing note backed by mortgage servicing rights ("MSRs"). Leveraging Rithm's scale, strong servicing performance and high-quality collateral, this first-of-its-kind, single-tranche non-recourse transaction provides fixed financing over the term of the expected life of the assets of 3 years. The $461 million transaction was over-subscribed and represents a significant increase from an
11/14/24 4:15:00 PM ET
$RITM
Real Estate Investment Trusts
Real Estate
Rithm Capital and Newrez Pledge Support to Disaster Relief Efforts in Wake of Hurricanes Helene and Milton
Commitment of $500,000 to support Habitat for Humanity and Newrez Employee Emergency Disaster Fund Newrez Joins Relief Efforts Led by Dave Matthews Band, Warren Haynes Band and Other Artists as a Corporate Sponsor of Upcoming SOULSHINE Concert Rithm Capital Corp. (NYSE:RITM, "Rithm Capital" or "Rithm")), a leading alternative asset manager, pledged a commitment of $500,000 to support disaster response efforts in the devastating wake of Hurricanes Helene and Milton through its wholly owned subsidiary Newrez LLC ("Newrez"), a leading mortgage lender and servicer. Funding will directly support Habitat for Humanity and the Newrez Employee Emergency and Disaster (NEED) Fund. "Our thoughts are
11/4/24 4:05:00 PM ET
$RITM
Real Estate Investment Trusts
Real Estate

Rithm Capital, Great Ajax Enter Strategic Transaction; Great Ajax Enters One-year Term Loan Agreement With Subsidiary Of Rithm For Up To $70M

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Recent Analyst Ratings for $AJX$RITM

$AJX$RITM SEC Filings

SEC Form EFFECT filed by Great Ajax Corp.

Amendment: SEC Form S-3/A filed by Great Ajax Corp.

SEC Form 10-Q filed by Rithm Capital Corp.

$AJX$RITM Large Ownership Changes

This live feed shows all institutional transactions in real time.

Amendment: SEC Form SC 13G/A filed by Great Ajax Corp.

Amendment: SEC Form SC 13G/A filed by Great Ajax Corp.

Amendment: SEC Form SC 13G/A filed by Great Ajax Corp.

$AJX$RITM Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

New insider Addas William Dean claimed no ownership of stock in the company (SEC Form 3)

New insider Kripalani Ranjit M claimed no ownership of stock in the company (SEC Form 3)

Chief Financial Officer Santoro Nicola Jr was granted 1,210 shares, increasing direct ownership by 1% to 113,821 units (SEC Form 4)

$AJX$RITM Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Rithm Capital Corp. bought $376,743,303 worth of shares (29,664,827 units at $12.70) (SEC Form 4)

$AJX$RITM Financials

Live finance-specific insights

Rithm Capital Announces the Closing of Securitized Notes Backed by Mortgage Servicing Rights

Rithm Capital and Newrez Pledge Support to Disaster Relief Efforts in Wake of Hurricanes Helene and Milton

Rithm Capital Corp. Announces Third Quarter 2024 Results

$AJX$RITM Analyst Ratings

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BTIG Research resumed coverage on Great Ajax

Great Ajax downgraded by JMP Securities

UBS initiated coverage on Rithm Capital with a new price target

$AJX$RITM Press Releases

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Great Ajax Establishes Effective Date of Previously Announced Rebrand to Rithm Property Trust

Rithm Capital Announces the Closing of Securitized Notes Backed by Mortgage Servicing Rights

Rithm Capital and Newrez Pledge Support to Disaster Relief Efforts in Wake of Hurricanes Helene and Milton

$AJX$RITM Leadership Updates

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Great Ajax Corp. Announces Record Date for Stockholders Meeting to Approve Strategic Transaction With Rithm Capital Corp.

$AJX$RITM Market Insights

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Great Ajax Q2 2024 Adj EPS $(0.24) Misses $(0.15) Estimate, Sales $(8.958M) Miss $4.983M Estimate

Decoding 5 Analyst Evaluations For Rithm Capital

JMP Securities Maintains Market Outperform on Rithm Capital, Raises Price Target to $12.5

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