Rithm: A Bargain With Rich Dividend Yields

T petekarici We previously covered Rithm Capital Corp. (NYSE:NYSE:RITM) in May 2024, discussing its excellent mortgage portfolio execution and robust profitability despite the challenging macroeconomic outlook. Combined with the management's strategic diversification into the Alternative Asset Management Business [AAMB] through the acquisition of Sculptor Capital Management in November 2023, amongst others, and the still rich dividend investment thesis, we had rated the mREIT as a Buy then. Since then, RITM ...