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 |
3 - Rithm Capital Corp. (0001556593) (Reporting)
4 - Rithm Capital Corp. (0001556593) (Issuer)
4 - Rithm Capital Corp. (0001556593) (Issuer)
4 - Rithm Capital Corp. (0001556593) (Issuer)
4 - Rithm Capital Corp. (0001556593) (Issuer)
4 - Rithm Capital Corp. (0001556593) (Issuer)
4 - Rithm Capital Corp. (0001556593) (Issuer)
4 - Rithm Capital Corp. (0001556593) (Issuer)
4 - Rithm Capital Corp. (0001556593) (Issuer)
4 - Rithm Capital Corp. (0001556593) (Issuer)
4 - Rithm Capital Corp. (0001556593) (Reporting)
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
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Non-recourse $878 Million Note Sets New Benchmark for Innovation in MSR Financing Rithm Capital Corp. (NYSE:RITM, "Rithm Capital, " "Rithm" or the "Company")) today announced it has successfully closed NZES 2025-FHT1, an $878 million mortgage servicing rights (MSR) backed securitized note. The single-tranche transaction is the largest MSR debt issuance ever, marking a significant milestone in the evolution of MSR-backed financing structures. The market's second-ever non-recourse MSR securitization, NZES 2025-FHT1 provides fixed financing over the term of the expected life of the assets of 3 years. It builds on the Company's track record of pioneering structured MSR financings and follows
Rithm Capital Corp. (NYSE:RITM, "Rithm Capital" or the "Company")) announced today that its Board of Directors (the "Board") has declared first quarter 2025 common and preferred stock dividends. Common Stock Dividend The Board declared a dividend of $0.25 per share of common stock for the first quarter 2025. The first quarter common stock dividend is payable on April 30, 2025, to shareholders of record on March 31, 2025. 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 first quarter 2025 of $0.6419490 per share, which reflects a rate of 10.387%. The Series
Rithm Capital Corp. (NYSE:RITM; "Rithm Capital" or the "Company"), "Rithm Capital" or the "Company") announced today that it will redeem $50,000,000, or 2,000,000 shares, of the Company's outstanding 6,210,000 shares of 7.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the "Series A Shares") at a redemption price equal to $25.00 per Series A Share in cash, plus $0.274091 per Series A Share of accumulated and unpaid distributions thereon to, but not including, the redemption date of March 28, 2025 (the "Redemption"). The Series A Shares trade under the ticker symbol "RITM PR A." A Notice of Partial Redemption for the Series A Shares describing the Redemption proc
Rithm Capital Corp. (NYSE:RITM, "Rithm Capital, " "Rithm" or the "Company")) today reported the following information for the fourth quarter ended and full year ended December 31, 2024: Fourth Quarter 2024 Financial Highlights: GAAP net income of $263.2 million, or $0.50 per diluted common share(1) Earnings available for distribution of $315.8 million, or $0.60 per diluted common share(1)(2) Common dividend of $130.2 million, or $0.25 per common share Book value per common share of $12.56(1) Full Year 2024 Financial Highlights: GAAP net income of $835.0 million, or $1.67 per diluted common share(1) Earnings available for distribution of $1.1 billion, or $2.10 per dilu
Rithm Capital Corp. (NYSE:RITM, "Rithm Capital" or the "Company")) today announced the tax treatment of its common and preferred stock dividends deemed taxable in 2024. Common Stock Dividends During 2024, taxable dividends for Rithm Capital's common stock (CUSIP #64828T201) were approximately $1.00000 per share. The following table summarizes the tax treatment for common stock distributions. Record Pay Ordinary Qualified Section 199A Long-Term Return of Date Date(1) Form Dividend Dividend(3) Dividend(4) Capital Gain Capital Total Q1'24 04/01/24
Rithm Property Trust Inc. (formerly known as Great Ajax Corp.) (NYSE:RPT, "Rithm Property Trust" or the "Company")) today announced the following financial results for the quarter ended December 31, 2024. Fourth Quarter Financial Highlights: GAAP net income attributable to common stockholders of $2.9 million, or $0.06 per diluted share1 Earnings available for distribution of $0.3 million or $0.01 per diluted common share1,2 Book value per common share of $5.44 at December 31, 20241 Paid a common dividend of $2.8 million, or $0.06 per common share Q4 2024 Q3 2024 Summary of Operating Results:
Rithm Property Trust (NYSE:RPT, "RPT" or the "Company")) today announced the tax treatment of its 2024 common stock distributions. Common Stock Dividends During 2024, Rithm Property Trust's common stock (CUSIP #38983D300) distributions were $0.28000 per share and the distributions consisted of a return of capital. The following table summarizes the tax treatment for 2024 common stock distributions. Record Date Pay Date Form Ordinary Dividend Qualified Dividend Section 199A Dividend Long-Term Capital Gain Return of Capital Total Q1'24 03/15/24 03/29/24 Cash $0.00000 $0.00000
Rithm Capital Corp. (NYSE:RITM, "Rithm Capital, " "Rithm" or the "Company")) announced today that it will release its fourth quarter and full year 2024 financial results for the period ended December 31, 2024 on Thursday, February 6, 2025 prior to the opening of the New York Stock Exchange. In addition, management will host a conference call on Thursday, February 6, 2025 at 8:00 A.M. Eastern Time. A copy of the earnings release will be posted to the Investors – News section of the Company's website, www.rithmcap.com. The conference call may be accessed by dialing 1-833-974-2382 (from within the U.S.) or 1-412-317-5787 (from outside of the U.S.) ten minutes prior to the scheduled start of
Rithm Property Trust Inc. (NYSE:RPT, "Rithm Property Trust" or the "Company")) announced today that it will release its fourth quarter 2024 financial results for the period ended December 31, 2024 on Thursday, January 30, 2025 prior to the opening of the New York Stock Exchange. In addition, management will host a conference call on Thursday, January 30, 2025 at 8:00 A.M. Eastern Time. A copy of the earnings release will be posted to the News & Events – Press Releases section of the Company's website, www.rithmpropertytrust.com. The conference call may be accessed by dialing 1-888-596-4144 (from within the U.S.) or 1-646-968-2525 (from outside of the U.S.) ten minutes prior to the schedul
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
10-K - Rithm Capital Corp. (0001556593) (Filer)
8-K - Rithm Capital Corp. (0001556593) (Filer)
10-Q - Rithm Capital Corp. (0001556593) (Filer)
8-K - Rithm Capital Corp. (0001556593) (Filer)
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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
KBRA assigns preliminary ratings to 8 classes of mortgage-backed notes from New Residential Mortgage Loan Trust 2025-NQM2 (NRMLT 2025-NQM2), a $325.7 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 Champions Funding, LLC (43.5%) and NewRez LLC (41.5%). In addition, all loans will be serviced by Shellpoint Mortgage Servicing, a brand of NewRez LLC. NRMLT 2025-NQM2 is collateralized by a pool of 631 residential mortgages. Borrowers in NRMLT 2025-NQM2 possess a non-zero WA original credit score of 74
Non-recourse $878 Million Note Sets New Benchmark for Innovation in MSR Financing Rithm Capital Corp. (NYSE:RITM, "Rithm Capital, " "Rithm" or the "Company")) today announced it has successfully closed NZES 2025-FHT1, an $878 million mortgage servicing rights (MSR) backed securitized note. The single-tranche transaction is the largest MSR debt issuance ever, marking a significant milestone in the evolution of MSR-backed financing structures. The market's second-ever non-recourse MSR securitization, NZES 2025-FHT1 provides fixed financing over the term of the expected life of the assets of 3 years. It builds on the Company's track record of pioneering structured MSR financings and follows
Rithm Capital Corp. (NYSE:RITM, "Rithm Capital" or the "Company")) announced today that its Board of Directors (the "Board") has declared first quarter 2025 common and preferred stock dividends. Common Stock Dividend The Board declared a dividend of $0.25 per share of common stock for the first quarter 2025. The first quarter common stock dividend is payable on April 30, 2025, to shareholders of record on March 31, 2025. 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 first quarter 2025 of $0.6419490 per share, which reflects a rate of 10.387%. The Series
Rithm Property Trust Inc. (NYSE:RPT, "RPT" or the "Company")) today announced the sale of an additional 84,232 shares of the Company's 9.875% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the "Series C Preferred Stock") pursuant to the partial exercise of the over-allotment option granted to the underwriters of its previously announced public offering, for additional gross proceeds of $2,105,800, before deducting underwriting discounts and offering expenses. The Company intends to use the net proceeds from the offering for investments and general corporate and working capital purposes. The Series C Preferred Stock began trading on the New York Stock Exchange under
Rithm Property Trust Inc. (formerly known as Great Ajax Corp.) (NYSE:RPT, "RPT" or the "Company")) announced today that its 9.875% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the "Series C Preferred Stock") has been approved for listing on the New York Stock Exchange under the symbol "RPT PRC". Trading is expected to commence on March 12, 2025. This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisd
Rithm Property Trust Inc. (formerly known as Great Ajax Corp.) (NYSE:RPT, "RPT" or the "Company")) announced today the pricing of a public offering of 2,000,000 shares of its 9.875% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the "Series C Preferred Stock") with a $25.00 per share liquidation preference, for gross proceeds of $50,000,000, before deducting underwriting discounts and offering expenses. The Company has granted the underwriters an option for a period of 30 days to purchase up to an additional 300,000 shares of the Series C Preferred Stock to cover over-allotments, if any. The offering is subject to customary closing conditions and is expected to clos
Rithm Capital Corp. (NYSE:RITM; "Rithm Capital" or the "Company"), "Rithm Capital" or the "Company") announced today that it will redeem $50,000,000, or 2,000,000 shares, of the Company's outstanding 6,210,000 shares of 7.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the "Series A Shares") at a redemption price equal to $25.00 per Series A Share in cash, plus $0.274091 per Series A Share of accumulated and unpaid distributions thereon to, but not including, the redemption date of March 28, 2025 (the "Redemption"). The Series A Shares trade under the ticker symbol "RITM PR A." A Notice of Partial Redemption for the Series A Shares describing the Redemption proc
Rithm Property Trust Inc. (formerly known as Great Ajax Corp.) (NYSE:RPT, "RPT" or the "Company")) announced today the commencement of a public offering of shares of the Company's Series C Fixed-to-Floating Cumulative Redeemable Preferred Stock (the "Series C Preferred Stock") with a $25.00 per share liquidation preference. In connection with the offering, the Company expects to grant the underwriters an option for a period of 30 days to purchase additional shares of Series C Preferred Stock solely to cover over-allotments. The Company intends to use the net proceeds from the offering for investments and general corporate and working capital purposes. Following the offering, the Company i
Rithm Capital Corp. (NYSE:RITM, "Rithm Capital, " "Rithm" or the "Company")) today reported the following information for the fourth quarter ended and full year ended December 31, 2024: Fourth Quarter 2024 Financial Highlights: GAAP net income of $263.2 million, or $0.50 per diluted common share(1) Earnings available for distribution of $315.8 million, or $0.60 per diluted common share(1)(2) Common dividend of $130.2 million, or $0.25 per common share Book value per common share of $12.56(1) Full Year 2024 Financial Highlights: GAAP net income of $835.0 million, or $1.67 per diluted common share(1) Earnings available for distribution of $1.1 billion, or $2.10 per dilu
Rithm Capital Corp. (NYSE:RITM, "Rithm Capital" or the "Company")) today announced the tax treatment of its common and preferred stock dividends deemed taxable in 2024. Common Stock Dividends During 2024, taxable dividends for Rithm Capital's common stock (CUSIP #64828T201) were approximately $1.00000 per share. The following table summarizes the tax treatment for common stock distributions. Record Pay Ordinary Qualified Section 199A Long-Term Return of Date Date(1) Form Dividend Dividend(3) Dividend(4) Capital Gain Capital Total Q1'24 04/01/24