STOCK TITAN

Rithm Capital Corporation - RITM STOCK NEWS

Welcome to our dedicated news page for Rithm Capital Corporation (Ticker: RITM), a resource for investors and traders seeking the latest updates and insights on Rithm Capital Corporation.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Rithm Capital Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Rithm Capital Corporation's position in the market.

Rhea-AI Summary
Rithm Capital Corp. (NYSE:RITM) declares first quarter 2024 dividends for common and preferred stocks. Common stock dividend set at $0.25 per share, payable on April 26, 2024. Preferred stock dividends for Series A, B, C, and D also announced.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.99%
Tags
dividends earnings
-
Rhea-AI Summary
Rithm Capital Corp. (NYSE: RITM) announced the results of its cash tender offer to purchase up to $275 million of its 6.250% Senior Unsecured Notes due 2025. Over $483 million of notes were tendered, exceeding the cap, resulting in a prorated acceptance. The settlement date is expected on March 19, 2024, with a total consideration of $1,000 per $1,000 principal amount of notes accepted for purchase.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.46%
Tags
none
-
Rhea-AI Summary
Rithm Capital Corp. (NYSE: RITM) announces the pricing of $775 million senior unsecured notes due 2029 to reduce indebtedness and for general corporate purposes. The offering will close on March 19, 2024, targeting qualified institutional buyers in the U.S. and international buyers under Regulation S.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.37%
Tags
none
Rhea-AI Summary
Rithm Capital Corp. (RITM) plans to offer $775 million in senior unsecured notes due 2029 to reduce indebtedness and for general corporate purposes. The notes are not registered under the U.S. Securities Act and will be offered to qualified institutional buyers in the U.S. and under Regulation S outside the U.S.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.64%
Tags
none
-
Rhea-AI Summary
Rithm Capital Corp. (NYSE: RITM) has initiated a cash tender offer for up to $275 million of its $550 million outstanding 6.250% Senior Unsecured Notes due 2025. The Tender Offer expires on April 1, 2024, with the option to amend or terminate. Holders who participate may receive a total consideration of $970.00 per $1,000 principal amount of notes, including an early tender payment of $30.00. The Offer also includes accrued and unpaid interest. Rithm reserves the right to accept early tenders before the Expiration Time. The company's obligation is subject to certain conditions, including completing a debt financing.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.64%
Tags
none
-
Rhea-AI Summary
Rithm Capital Corp. and Great Ajax Corp. have entered into a strategic transaction where Great Ajax will receive a $70 million term loan from Rithm to repay its outstanding convertible notes. Great Ajax plans to shift its strategic direction by working with Rithm to capitalize on commercial real estate investment opportunities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-13.88%
Tags
none
Rhea-AI Summary
Rithm Capital Corp. and Great Ajax Corp. have entered into a strategic transaction where Great Ajax will receive a $70 million term loan from Rithm to repay its outstanding convertible notes. Great Ajax plans to shift its strategic direction by working with Rithm to capitalize on commercial real estate investment opportunities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.65%
Tags
none
-
Rhea-AI Summary
KBRA assigns preliminary ratings to 6 classes of mortgage-backed notes from NRMLT 2024-NQM1 sponsored by Rithm Capital Corp. The non-prime RMBS transaction is worth $281.9 million, collateralized by 610 residential mortgages with borrowers possessing a non-zero WA original credit score of 739. The loans are seasoned approximately five months, with 98.9% fixed-rate mortgages and 1.1% adjustable-rate mortgages. NRMLT 2024-NQM1 has a WA original loan-to-value (LTV) of 73.6% and 8.4% of the pool has an initial interest-only period.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.28%
Tags
none
-
Rhea-AI Summary
Rithm Capital Corp. (NYSE: RITM) reported a GAAP net loss of ($87.5) million for the fourth quarter of 2023, with a full year GAAP net income of $532.7 million. The company also announced a new stock repurchase program of up to $200 million of common stock and up to $100 million of preferred stock through December 31, 2024. Rithm Capital's acquisition of Sculptor Capital and the agreement with Computershare Limited are key highlights.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.78%
Tags
earnings
Rhea-AI Summary
Rithm Capital Corp. (NYSE:RITM) will release its Q4 and full year 2023 financial results on February 7, 2024. A conference call will be hosted by management, and a webcast will be available to the public. Interested parties can access the call and earnings release on the company's website. A telephonic replay will also be available for a limited time.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.64%
Tags
earnings
Rithm Capital Corporation

NYSE:RITM

RITM Rankings

RITM Stock Data

5.47B
480.37M
0.66%
47.93%
1.43%
Other Financial Vehicles
Finance and Insurance
Link
US
New York

About RITM

new residential investment corp. (nyse: nrz) is a real estate investment trust that focuses on opportunistically investing in, and actively managing, investments primarily related to residential real estate. we target investments in: (1) excess mortgage servicing rights (“excess msrs”), (2) residential mortgage backed securities (“rmbs”), (3) residential mortgage loans and (4) other opportunistic investments. we believe that unfolding developments in the approximately $19 trillion u.s. residential housing market are generating significant investment opportunities. for example, in the aftermath of the u.s. financial crisis, the residential mortgage industry is undergoing major structural changes that are transforming the way mortgages are originated, owned and serviced. these changes are creating a compelling set of investment opportunities. we believe that new residential is one of only a select number of market participants that have the combination of capital, industry experience and