NYSE:RITMMortgage REITs
Rithm Capital (RITM) Stock Rises As Dividend Cover Outruns Thin Profit
Rithm Capital stock was edging higher in regular trading on Tuesday, up a little over 1% around US$9.90, even as the headline earnings print looked soft. Net income came in at US$20.2 million for the quarter and basic earnings per share landed near US$0.04, a much thinner result than recent quarters.
The market’s first take is mild relief rather than excitement. For long term investors, the focus now shifts to whether this mortgage and real estate platform can protect margins and support its...