Rithm Capital CorpRITMDON'T BUYJan 30, 2026Stock price when the opinion was issued
As of Jun 02, 2026. Market Open.
They are converting from a REIT into a diversified asset management business, like Blackstone. Cheap at 4x PE and pays an 11% dividend with 200% coverage. At 30% discount to book value. When they convert the PE should reach 8-9x. Shares will double in 1-2 years. Great balance sheet.
(Analysts’ price target is $13.44)
We don't know what it owns. Too risky.