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Rithm Capital CorpRITMTOP PICKAug 04, 2026Stock price when the opinion was issued
As of Aug 21, 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)
They do a lot of asset management now, so lots of recurring revenue. They do not only mortgages. Also have a property management business. Trades at a huge discount to book value and pays a 10% dividend.
(Analysts’ price target is $13.09)