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)
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
8-K
Rithm Capital Corp. Announces Pricing of Offering of Senior Unsecured Notes
5 Mar 24
8-K
Rithm Capital Corp. Announces Proposed Offering of Senior Unsecured Notes
4 Mar 24
8-K
Departure of Directors or Certain Officers
26 Feb 24
10-K
2023 FY
Annual report
16 Feb 24
8-K
Rithm Capital Corp. Announces Fourth Quarter and Full Year 2023 Results
7 Feb 24
Transcripts
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 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
RITM
Earnings call transcript
2022 Q1
3 May 22
RITM
Earnings call transcript
2021 Q4
8 Feb 22
Latest ownership filings
4
Michael Nierenberg
22 Mar 24
4/A
Philip M Sivin
21 Mar 24
4/A
NICOLA SANTORO JR
21 Mar 24
4
Michael Nierenberg
19 Mar 24
4
NICOLA SANTORO JR
26 Feb 24
4
Philip M Sivin
26 Feb 24
SC 13G/A
CANYON CAPITAL ADVISORS LLC
14 Feb 24
SC 13G/A
VANGUARD GROUP INC
13 Feb 24
4
Michael Nierenberg
30 Jan 24
4
NICOLA SANTORO JR
30 Jan 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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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) | 1.59 bn | 1.59 bn | 1.59 bn | 1.59 bn | 1.59 bn | 1.59 bn |
Cash burn (monthly) | 34.35 mm | 30.32 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 229.35 mm | 202.43 mm | n/a | n/a | n/a | n/a |
Cash remaining | 1.36 bn | 1.38 bn | n/a | n/a | n/a | n/a |
Runway (months of cash) | 39.5 | 45.6 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
43.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 418 |
Opened positions | 58 |
Closed positions | 39 |
Increased positions | 162 |
Reduced positions | 114 |
13F shares | Current |
---|---|
Total value | 1.95 tn |
Total shares | 210.56 mm |
Total puts | 6.99 mm |
Total calls | 4.07 mm |
Total put/call ratio | 1.7 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 45.76 mm | $425.13 bn |
BLK Blackrock | 26.56 mm | $246.77 bn |
Geode Capital Management | 9.51 mm | $88.45 bn |
State Of Michigan Retirement System | 8.40 mm | $78.08 bn |
STT State Street | 8.09 mm | $77.16 bn |
Balyasny Asset Management | 7.40 mm | $68.70 bn |
LSV Asset Management | 6.44 mm | $59.81 bn |
Nan Shan Life Insurance | 4.99 mm | $46.38 bn |
Charles Schwab Investment Management | 4.76 mm | $44.21 bn |
MS Morgan Stanley | 4.67 mm | $43.37 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
21 Mar 24 | Michael Nierenberg | Common Stock | Payment of exercise | Dispose F | No | No | 10.6 | 79,873 | 846.65 k | 1,258,537 |
15 Mar 24 | Michael Nierenberg | Class B Profits Units of Rithm Capital Management LLC Common Stock | Grant | Acquire A | No | No | 0 | 276,243 | 0.00 | 276,243 |
23 Feb 24 | Philip M Sivin | Common Stock | Payment of exercise | Dispose F | No | No | 10.6 | 1,957 | 20.74 k | 16,009 |
23 Feb 24 | Philip M Sivin | Class B Profits Units of Rithm Capital Management LLC Common Stock | Grant | Acquire A | No | No | 0 | 11,682 | 0.00 | 11,682 |
23 Feb 24 | Nicola Santoro JR | Common Stock | Payment of exercise | Dispose F | No | No | 10.6 | 13,427 | 142.33 k | 109,414 |
23 Feb 24 | Nicola Santoro JR | Class B Profits Units of Rithm Capital Management LLC Common Stock | Grant | Acquire A | No | No | 0 | 51,401 | 0.00 | 51,401 |
23 Feb 24 | Nicola Santoro JR | Common Stock | Payment of exercise | Dispose F | No | No | 10.6 | 12,395 | 131.39 k | 110,446 |
News
JMP Securities Reiterates Market Outperform on Rithm Capital, Maintains $11 Price Target
19 Apr 24
Expert Ratings For Rithm Capital
18 Apr 24
Keefe, Bruyette & Woods Maintains Outperform on Rithm Capital, Raises Price Target to $12
16 Apr 24
Looking Into Rithm Capital's Recent Short Interest
8 Apr 24
The Analyst Landscape: 6 Takes On Rithm Capital
1 Apr 24
Press releases
Rithm Capital Corp. Schedules First Quarter 2024 Earnings Release and Conference Call
18 Apr 24
Great Ajax Corp. Announces Record Date for Stockholders Meeting to Approve Strategic Transaction With Rithm Capital Corp.
10 Apr 24
Genesis Capital Closes Largest Ever Rated Residential Transition Loan Securitization
9 Apr 24
Rithm Capital Corp. Declares First Quarter 2024 Common and Preferred Dividends
20 Mar 24
Rithm Capital Corp. Announces Early Tender Results for Its 6.250% Senior Unsecured Notes Due 2025
18 Mar 24