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Rithm Capital Corp. - $RITM STOCK NEWS

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

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'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's position in the market.

Rhea-AI Summary
Sculptor Capital Management rejects revised proposals from a consortium of bidders
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0.39%
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Genesis Capital provides $86.4M loan for BTR townhome development in Ashburn, Virginia
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0.21%
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Rhea-AI Summary
Rithm Capital Corp. (NYSE: RITM) reported strong Q2 2023 results, with GAAP net income of $357.4 million, earnings available for distribution of $297.9 million, and a common dividend of $120.8 million. The company's highlights include substantial growth in book value, consumer loan acquisitions, and the acquisition of Sculptor Capital Management.
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End-of-Day
1.49%
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Rithm Capital Corp. is set to acquire Sculptor Capital Management Inc. in a deal valued at approximately $639 million. The transaction will significantly expand Rithm's capabilities in the alternative asset management sector and create a world-class asset management business. The acquisition is expected to be funded from Rithm's cash on hand and available liquidity and is projected to be accretive to Rithm shareholders in 2025.
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5.45%
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0.31%
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KBRA affirms the Issuer rating of BB+ for Rithm Capital Corp. and its subsidiaries, NewRez LLC and Caliber Home Loans, Inc. The ratings are supported by the company's scale as a 'Top 5' mortgage servicer, strong capitalization, favorable liquidity, and solid operating performance. The recent acquisition of Caliber is expected to drive earnings. Rithm has managed well through challenging periods and has a more durable funding profile. A refined MSR hedging program would be viewed favorably. Consistent operating performance could lead to positive rating momentum.
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1.98%
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Rithm Capital Corp. has declared second quarter 2023 dividends for common and preferred stock.
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dividends earnings
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2.92%
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Satish Mansukhani joins Rithm Capital as Managing Director in Investment Strategy. He will lead research and strategic positioning for the company's investment portfolio. Mansukhani brings decades of expertise and industry knowledge to expand Rithm's growth opportunities.
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-1.74%
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Rithm Capital Corp.

NYSE:RITM

RITM Rankings

RITM Stock Data

5.51B
480.37M
0.46%
47.88%
1.57%
Other Financial Vehicles
Finance and Insurance
Link
United States of America
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