new residential investment corp. (nyse: nrz) is a real estate investment trust that focuses on opportunistically investing in, and actively managing, investments primarily related to residential real estate. we target investments in: (1) excess mortgage servicing rights (“excess msrs”), (2) residential mortgage backed securities (“rmbs”), (3) residential mortgage loans and (4) other opportunistic investments. we believe that unfolding developments in the approximately $19 trillion u.s. residential housing market are generating significant investment opportunities. for example, in the aftermath of the u.s. financial crisis, the residential mortgage industry is undergoing major structural changes that are transforming the way mortgages are originated, owned and serviced. these changes are creating a compelling set of investment opportunities. we believe that new residential is one of only a select number of market participants that have the combination of capital, industry experience and
Company profile
Ticker
RITM, RITM-PA, RITM-PB, RITM-PC, RITM-PD
Exchange
Website
CEO
Michael Nierenberg
Employees
Location
Fiscal year end
Industry (SIC)
Former names
New Residential Investment Corp., Spinco Inc.
SEC CIK
Corporate docs
Subsidiaries
120 Fifth Holdings LLC • 55 Juneau LLC • ADOOR HOLDINGS LLC • ADOOR LLC • Adoor Management LLC • Advance Purchaser LLC • Aim High Mortgage, LLC • Avenue 365 Lender Services, LLC • Avenue Title Agency, LLC • Blackwell Properties LLC ...
IRS number
453449660
RITM stock data
Latest filings (excl ownership)
8-K
Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review
22 Jul 24
8-K
Submission of Matters to a Vote of Security Holders
23 May 24
10-Q
2024 Q1
Quarterly report
2 May 24
8-K
Regulation FD Disclosure
1 May 24
8-K
Rithm Capital Corp. Announces First Quarter 2024 Results
30 Apr 24
ARS
2023 FY
Annual report to shareholders
11 Apr 24
DEFA14A
Additional proxy soliciting materials
11 Apr 24
DEF 14A
Definitive proxy
11 Apr 24
8-K
Rithm Capital Corp. Announces Early Tender Results for its 6.250% Senior Unsecured Notes Due 2025
19 Mar 24
8-K
Departure of Directors or Certain Officers
15 Mar 24
Transcripts
RITM
Earnings call transcript
2024 Q1
30 Apr 24
RITM
Earnings call transcript
2023 Q4
7 Feb 24
RITM
Earnings call transcript
2023 Q3
26 Oct 23
RITM
Earnings call transcript
2023 Q2
2 Aug 23
RITM
Earnings call transcript
2023 Q2
2 Aug 23
RITM
Earnings call transcript
2023 Q1
4 May 23
RITM
Earnings call transcript
2022 Q4
8 Feb 23
RITM
Earnings call transcript
2022 Q3
2 Nov 22
RITM
Earnings call transcript
2022 Q2
2 Aug 22
RITM
Earnings call transcript
2022 Q1
3 May 22
Latest ownership filings
Financial summary
Quarter (USD) | Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
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Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 1.53 bn | 1.53 bn | 1.53 bn | 1.53 bn | 1.53 bn | 1.53 bn |
Cash burn (monthly) | 47.28 mm | 22.45 mm | (no burn) | (no burn) | 381.40 mm | 101.99 mm |
Cash used (since last report) | 182.82 mm | 86.80 mm | n/a | n/a | 1.47 bn | 394.39 mm |
Cash remaining | 1.35 bn | 1.44 bn | n/a | n/a | 56.15 mm | 1.14 bn |
Runway (months of cash) | 28.5 | 64.3 | n/a | n/a | 0.1 | 11.1 |
Institutional ownership, Q1 2024
42.9% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 423 |
Opened positions | 346 |
Closed positions | 13 |
Increased positions | 33 |
Reduced positions | 17 |
13F shares | Current |
---|---|
Total value | 2.11 tn |
Total shares | 207.31 mm |
Total puts | 3.68 mm |
Total calls | 2.69 mm |
Total put/call ratio | 1.4 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 45.82 mm | $511.30 bn |
BLK Blackrock | 27.47 mm | $306.53 bn |
BAC Bank Of America | 9.06 mm | $101.16 bn |
STT State Street | 8.73 mm | $99.65 bn |
State Of Michigan Retirement System | 8.40 mm | $93.80 bn |
Geode Capital Management | 7.64 mm | $85.30 bn |
LSV Asset Management | 6.22 mm | $69.43 mm |
MS Morgan Stanley | 4.94 mm | $55.11 bn |
Nan Shan Life Insurance | 4.49 mm | $50.12 bn |
NTRS Northern Trust | 3.34 mm | $37.26 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
20 Jun 24 | Michael Nierenberg | Common Stock | Payment of exercise | Dispose F | No | No | 11.15 | 106,546 | 1.19 mm | 1,159,571 |
24 May 24 | Finnerty Kevin J | Common Stock | Grant | Acquire A | No | No | 0 | 14,066 | 0.00 | 295,146 |
24 May 24 | Peggy Hwan Hebard | Common Stock | Grant | Acquire A | No | No | 0 | 14,520 | 0.00 | 65,124 |
24 May 24 | Saltzman David | Common Stock | Grant | Acquire A | No | No | 0 | 14,520 | 0.00 | 110,794 |
News
Decoding 5 Analyst Evaluations For Rithm Capital
19 Jul 24
JMP Securities Maintains Market Outperform on Rithm Capital, Raises Price Target to $12.5
19 Jul 24
10 Financials Stocks Whale Activity In Today's Session
20 May 24
Piper Sandler Maintains Neutral on Rithm Capital, Raises Price Target to $12.5
14 May 24
Where Rithm Capital Stands With Analysts
10 May 24
Press releases
Rithm Capital Corp. Schedules Second Quarter 2024 Earnings Release and Conference Call
22 Jul 24
Rithm Capital Corp. Declares Second Quarter 2024 Common and Preferred Dividends
18 Jun 24
Rithm Capital Corp. and Great Ajax Corp. Complete Transaction
11 Jun 24
Rithm Capital Corp. Completes Acquisition of Computershare Mortgage Services Inc., Expanding Newrez LLC's Servicing Portfolio and Subservicing Platform
1 May 24
Rithm Capital Corp. Announces First Quarter 2024 Results
30 Apr 24