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Stockchase Opinions

Mike Vinokur, CFA, CMT, and CFPRithm Capital CorpRITMHOLDOct 05, 2026

Hit so badly because of interest rates. Mortgage rates in the US have gone up a huge amount. As rates rise, their existing paper goes down in value. Their spread is actually quite good. Book value should still hold in above $12.50. 

Nothing wrong with the business. Cashflow should still be quite robust, and should still continue paying the very good dividend of 11%.

$8.74

Stock price when the opinion was issued

$8.61

As of Oct 08, 2026. Market Open.

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TOP PICK

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)
TOP PICK

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)
DON'T BUY

We don't know what it owns. Too risky.