Rithm Capital Corp.
- Open
- 9.38
- Day high
- 9.50
- Day low
- 9.29
- Prev close
- 9.39
- Volume
- 3.2M
- Mkt cap
- $5.3B
- P/E (TTM)
- 8.5
- EPS (TTM)
- $1.11
- P/B
- 0.6
- P/S
- 0.9
- Yield
- 7.97%
- Per share
- $0.75
- ▼Insiders net selling -$748K over the last 3 months (0 open-market buys, 2 sales)
- 🏛Institutions accumulating (13F)
Rithm Capital Corp. (RITM) is a Real Estate company listed on NYSE. The stock is down 18% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 2 sales (SEC Form 4).
Rithm Capital Corp. (RITM) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 9 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
RITM earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 28, 2026 | $0.53 | $0.51 | -3.8% | $1.4B | +8.7% |
| Feb 3, 2026 | $0.55 | $0.74 | +34.5% | $1.7B | +36.6% |
| Oct 30, 2025 | $0.54 | $0.54 | +0.0% | $1.3B | +7.2% |
| Apr 25, 2025 | $0.45 | $0.52 | +15.6% | $493M | -57.6% |
| Feb 6, 2025 | $0.44 | $0.60 | +36.4% | $1.1B | -10.2% |
| Jul 31, 2024 | $0.42 | $0.47 | +11.9% | $1.1B | +129.4% |
| Apr 30, 2024 | $0.37 | $0.48 | +29.7% | $554M | +12.8% |
| Feb 7, 2024 | $0.35 | $0.51 | +45.7% | $16M | -96.4% |
| Oct 26, 2023 | $0.34 | $0.58 | +70.6% | $650M | +67.5% |
| Aug 2, 2023 | $0.35 | $0.62 | +77.1% | $814M | +117.7% |
| May 4, 2023 | $0.32 | $0.35 | +9.4% | $429M | +14.6% |
| Feb 8, 2023 | $0.29 | $0.33 | +13.8% | $485M | -36.9% |
RITM insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| May 27, 2026 | Saltzman Daviddirector | Grant | 17,279 | — |
| May 27, 2026 | Hebard Peggy Hwandirector | Grant | 17,279 | — |
| May 27, 2026 | Finnerty Kevin Jdirector | Grant | 16,739 | — |
| May 27, 2026 | Addas William Deandirector | Grant | 16,199 | — |
| May 27, 2026 | Kripalani Ranjit Mdirector | Grant | 16,739 | — |
| May 27, 2026 | Le Melle Patrice Mdirector | Grant | 16,199 | — |
| May 22, 2026 | Saltzman Daviddirector | Sell | 66,748 | $9.26 |
| May 22, 2026 | Saltzman Daviddirector | Sell | 14,174 | $9.19 |
| Mar 9, 2026 | Zeiden Davidofficer: Chief Legal Officer | Grant | 30,718 | — |
| Mar 9, 2026 | SANTORO NICOLA JRofficer: Chief Financial Officer | Grant | 82,703 | — |
| Mar 9, 2026 | Nierenberg Michaeldirector, officer: Chief Executive Officer | Grant | 283,554 | — |
| Mar 3, 2026 | Zeiden Davidofficer: Chief Legal Officer | Sell | 9,217 | $10.11 |
| Mar 3, 2026 | Zeiden Davidofficer: Chief Legal Officer | Option | 9,217 | — |
| Feb 25, 2026 | Nierenberg Michaeldirector, officer: Chief Executive Officer | Tax | 771,688 | $10.45 |
| Feb 25, 2026 | SANTORO NICOLA JRofficer: Chief Financial Officer | Tax | 100,886 | $10.45 |
Source: RITM SEC Form 4 filings, latest May 27, 2026. For informational purposes only — not investment advice.
See the full RITM insider & 13F page →Rithm Capital Corp. company profile
Overview
Rithm Capital Corp. (NYSE:RITM) is a diversified financial services company and real estate investment trust (REIT) that was founded in 2011 and went public in 2013. Originally known as New Residential Investment Corp., the company rebranded to Rithm Capital in August 2022 to reflect its evolution from a mortgage-focused REIT into a broader alternative asset management platform. Headquartered in New York, Rithm has transformed from managing $1 billion in permanent capital in 2013 to overseeing approximately $80 billion in assets under management across multiple business segments. The company has paid over $5.4 billion in dividends to shareholders while expanding its operations through strategic acquisitions, including the notable purchase of Sculptor Asset Management in 2023.
Business
Rithm Capital operates as a diversified financial services company with three primary business segments that collectively manage approximately $80 billion in assets. The company's core business revolves around mortgage servicing rights (MSRs), which are financial assets that represent the right to collect monthly payments from homeowners and manage their mortgage loans on behalf of investors who own the underlying mortgages. The largest segment is Newrez, a mortgage company that services $844 billion in residential mortgages and originated $59 billion in new loans in 2024. Mortgage servicing is a fee-based business where companies collect monthly payments from borrowers, handle customer service, manage escrow accounts for taxes and insurance, and process foreclosures when necessary. Newrez also originates new mortgages through retail, wholesale, and correspondent channels, earning fees on loan production and potentially selling loans to investors while retaining servicing rights. Genesis Capital represents the company's direct lending business, focusing on transitional and bridge financing primarily for real estate projects. This segment originated $3.6 billion in loans in 2024, typically offering floating-rate loans with an average loan-to-value ratio of 64%. These loans generally carry higher interest rates than traditional mortgages due to their shorter-term nature and higher risk profile. The third major segment is Sculptor Asset Management, acquired in 2023, which manages $35 billion in assets across hedge funds, private equity, and credit strategies. Sculptor operates various investment funds including multi-strategy hedge funds, real estate funds, and credit funds, earning management fees and performance-based carried interest from institutional investors and high-net-worth individuals. Revenue distribution is approximately 60-65% from Newrez mortgage operations, 15-20% from Genesis Capital direct lending, and 15-20% from Sculptor asset management, though these percentages fluctuate based on market conditions and transaction timing.
Revenue model
Rithm Capital generates revenue through multiple complementary business models across its three main segments. The mortgage servicing business produces steady fee-based income by collecting servicing fees (typically 0.25% annually) on the outstanding principal balance of mortgages in its portfolio. This creates a relatively predictable revenue stream as homeowners make monthly payments, though income can be affected by prepayment rates when borrowers refinance their mortgages. The mortgage origination business earns money through loan production fees, gain-on-sale margins when selling mortgages to investors, and by retaining valuable servicing rights. However, this business is highly cyclical and dependent on interest rate environments, housing market activity, and refinancing volumes. Genesis Capital's direct lending generates income primarily through interest payments on loans, typically earning 8-12% annual returns. The business also collects origination fees and may earn additional returns through loan modifications or early payoffs. Sculptor Asset Management operates on the traditional "2 and 20" model, earning management fees (typically 1-2% of assets under management) and performance fees (typically 15-20% of profits above certain hurdle rates). This creates both steady fee income and potentially significant performance-based compensation during strong market periods. Several factors significantly impact Rithm's profitability margins. Interest rate movements are perhaps the most critical, as rising rates reduce mortgage refinancing activity (hurting origination volumes but helping MSR values), while falling rates have the opposite effect. Housing market conditions directly affect both origination volumes and the credit quality of serviced loans. Regulatory changes in mortgage servicing standards can increase compliance costs. Competition from other mortgage servicers and lenders can compress margins, while technology investments in automation and digital platforms can reduce operational costs over time. The company's diversification across multiple business lines helps mitigate some of these risks, as different segments may perform well in different market environments.
Competitive moat
Rithm Capital's competitive moat is moderate but multifaceted, stemming primarily from the operational complexity and regulatory barriers in mortgage servicing, combined with its diversified platform approach. The mortgage servicing business benefits from significant barriers to entry, including substantial regulatory compliance requirements, complex operational infrastructure needs, and the capital requirements to purchase MSR portfolios. Once established, servicing relationships tend to be sticky since borrowers rarely switch servicers, and the business generates relatively predictable cash flows over the life of the underlying mortgages. The company's scale advantages are meaningful, as Newrez's $844 billion servicing portfolio provides operational leverage and negotiating power with technology vendors, regulators, and counterparties. The integration of origination and servicing operations creates operational synergies and cross-selling opportunities that smaller competitors cannot easily replicate. However, the moat faces several challenges. The mortgage industry is highly competitive with numerous large players including banks, credit unions, and other non-bank servicers. Regulatory risks are substantial, as changes in government policy regarding mortgage markets, consumer protection, or REIT taxation could significantly impact profitability. The business is also highly cyclical and sensitive to interest rate movements, which can dramatically affect both origination volumes and MSR valuations. The Sculptor asset management business operates in an extremely competitive industry where performance is paramount and investor capital can be withdrawn relatively quickly. While Sculptor has established relationships and track records in certain strategies, asset management firms generally have limited moats beyond their investment performance and reputation. Genesis Capital's direct lending business competes in a crowded market of alternative lenders, private credit funds, and banks, with limited differentiation beyond pricing and execution speed. Overall, while Rithm has built a diversified platform with some operational advantages, its moat is not exceptionally wide and requires continuous investment in technology, talent, and regulatory compliance to maintain competitiveness.
Risks & safety
Rithm Capital presents a moderate margin of safety with some concerning leverage metrics but strong liquidity position and reasonable valuation. • Liquidity and Cash Position: Strong with $1.49 billion in cash and short-term investments, providing substantial operational flexibility and acquisition capacity • Debt and Leverage: High debt-to-equity ratio of 4.17x indicates significant financial leverage, though this is partly structural due to REIT financing of mortgage assets. Total liabilities of $37.2 billion against $45.3 billion in assets • Solvency Risk: Moderate given the asset-liability matching in mortgage business, but elevated due to high leverage and interest rate sensitivity • Valuation Metrics: - P/E ratio of 23.7x appears elevated but reflects recent quarter volatility - Price-to-book ratio of 0.77x suggests trading below book value - Current dividend yield of approximately 8.7% • Operational Cash Flow: Positive $1.42 billion in Q1 2025, though historically volatile due to mortgage market dynamics • Other Considerations: REIT structure requires 90% of taxable income distribution, limiting capital retention; significant interest rate and regulatory exposure; diversification across three business segments provides some risk mitigation
Recent development
Over the past few years, Rithm Capital has undergone a significant strategic transformation from a mortgage-focused REIT into a diversified alternative asset management platform. The most pivotal move was the acquisition of Sculptor Asset Management in November 2023, adding $35 billion in assets under management and establishing Rithm as a major player in hedge funds, private equity, and credit strategies. The company has been actively expanding its direct lending capabilities through Genesis Capital, which grew originations from approximately $2 billion in 2022 to $3.6 billion in 2024. Genesis has also expanded its sponsor relationships, adding 33 new sponsors in Q1 2025 alone, and is exploring expansion into energy infrastructure and other alternative asset-based finance sectors. Technology and operational efficiency have been major focus areas, with Newrez completing the integration of SLS Mortgage Company and investing heavily in digital platforms to reduce operational costs. The mortgage servicing portfolio has grown substantially to $844 billion through both organic growth and strategic acquisitions of MSR portfolios. Management has been actively exploring capital structure optimization, including the potential public listing of Newrez as a separate entity in 2025, conversion to a C-Corporation structure, and the launch of third-party MSR funds to move assets off the balance sheet while retaining management fees. The company is also developing new investment verticals in energy, infrastructure, and commercial real estate. Recent strategic initiatives include expanding the asset management platform with plans to launch a global energy infrastructure platform and grow third-party capital raising across all business segments. The company has maintained an active M&A pipeline, seeking opportunities to expand its credit capabilities and alternative asset management footprint while focusing on performance-driven growth rather than pure asset accumulation.
RITM company profile · for informational purposes only — not investment advice.
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