NYSE:RITMMortgage REITs
Will Wedbush’s Crestline-Fueled Asset Management Call Change Rithm Capital’s (RITM) Narrative?
Earlier this week, Wedbush initiated coverage on Rithm Capital Corp. with an Outperform rating, pointing to its valuation, consistent dividend history, and the recent Crestline Management acquisition that lifted its investable assets to about US$102 billion.
The endorsement also drew attention to the firm’s growing investment advisor arm and expansion in alternative lending, reinforcing Rithm’s push to become a broader real-asset and credit manager rather than a traditional mortgage REIT...