UBS initiated coverage on Rithm Capital with a new price target
$RITM
Real Estate Investment Trusts
Real Estate
UBS initiated coverage of Rithm Capital with a rating of Buy and set a new price target of $12.50
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/6/2023 | $12.50 | Buy | UBS |
| 12/16/2022 | $12.00 | Buy | B. Riley Securities |
| 9/30/2022 | $10.00 → $9.00 | Underweight → Neutral | Piper Sandler |
Rithm Capital Corp. (NYSE:RITM, "Rithm Capital" or the "Company")) announced today that its Board of Directors (the "Board") has declared fourth quarter 2024 common and preferred stock dividends. Common Stock Dividend The Board declared a dividend of $0.25 per share of common stock for the fourth quarter 2024. The fourth quarter common stock dividend is payable on January 31, 2025, to shareholders of record on December 31, 2024. Preferred Stock Dividends In accordance with the terms of Rithm Capital's Series A Cumulative Redeemable Preferred Stock ("Series A"), the Board declared a Series A dividend for the fourth quarter 2024 of $0.6763961 per share, which reflects a rate of 10.587
$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
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
Great Ajax Corp. (NYSE:AJX, the "Company"))), a real estate investment trust, announced today that its board of directors has fixed a record date of April 22, 2024 for its 2024 meeting of stockholders (the "Meeting") to, among other things, consider and vote upon certain matters relating to the previously announced strategic transaction (the "Transaction") by and between the Company and Rithm Capital Corp. (together with its subsidiaries, "Rithm"). At the Meeting, the Company will seek stockholder approval for the following actions: (1) the issuance of common stock to certain exchanging investors in excess of the 19.99% cap imposed by the New York Stock Exchange rules; (2) the issuance of
4 - Rithm Capital Corp. (0001556593) (Issuer)
3 - Rithm Capital Corp. (0001556593) (Issuer)
3 - Rithm Capital Corp. (0001556593) (Issuer)
4 - Rithm Capital Corp. (0001556593) (Reporting)
10-Q - Rithm Capital Corp. (0001556593) (Filer)
8-K - Rithm Capital Corp. (0001556593) (Filer)
8-K - Rithm Capital Corp. (0001556593) (Filer)
UBS initiated coverage of Rithm Capital with a rating of Buy and set a new price target of $12.50
B. Riley Securities initiated coverage of Rithm Capital with a rating of Buy and set a new price target of $12.00
Piper Sandler upgraded Rithm Capital from Underweight to Neutral and set a new price target of $9.00 from $10.00 previously
Rithm Capital Corp. (NYSE:RITM, "Rithm Capital" or the "Company")) announced today that its Board of Directors (the "Board") has declared fourth quarter 2024 common and preferred stock dividends. Common Stock Dividend The Board declared a dividend of $0.25 per share of common stock for the fourth quarter 2024. The fourth quarter common stock dividend is payable on January 31, 2025, to shareholders of record on December 31, 2024. Preferred Stock Dividends In accordance with the terms of Rithm Capital's Series A Cumulative Redeemable Preferred Stock ("Series A"), the Board declared a Series A dividend for the fourth quarter 2024 of $0.6763961 per share, which reflects a rate of 10.587
KBRA assigns preliminary ratings to 8 classes of mortgage-backed notes from New Residential Mortgage Loan Trust 2024-NQM3 (NRMLT 2024-NQM3), a $272.5 million non-prime RMBS transaction sponsored by Rithm Capital Corp. (formerly New Residential Investment Corp.), a publicly traded (NYSE:RITM) real estate investment trust (REIT). The underlying mortgages in the subject pool were originated by NewRez LLC (71.4%) and Champions Funding, LLC (12.2%). In addition, all loans will be serviced by NewRez LLC d/b/a Shellpoint Mortgage Servicing. NRMLT 2024-NQM3 is collateralized by a pool of 538 residential mortgages. Borrowers in NRMLT 2024-NQM3 possess a non-zero WA original credit score of 751 and
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
SC 13G/A - Rithm Capital Corp. (0001556593) (Subject)
SC 13G/A - Rithm Capital Corp. (0001556593) (Subject)
SC 13G - Rithm Capital Corp. (0001556593) (Subject)