About
About New Residential Investment Corp
Rithm Capital Corp. operates as an asset manager focused on real estate, credit, and financial services in the United States. It operates through Origination and Servicing, Investment Portfolio, Residential Transitional Lending, and Asset Management segments. The company's investment portfolio primarily comprises of single-family rental properties, title, appraisal and property preservation and maintenance businesses; real estate securities, call rights, SFR properties, and residential mortgage loans; consumer and business purpose loans; and asset management related investments. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as New Residential Investment Corp. and changed its name to Rithm Capital Corp. in August 2022. Rithm Capital Corp. was incorporated in 2011 and is based in New York, New York.
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5 years, 6 months ago
New Residential Investment Corp is currently in a long term uptrend where the price is trading 3.9% above its 200 day moving average.
From a valuation standpoint, the stock is 211.1% more expensive than other stocks from the Real Estate sector with a price to sales ratio of 20.1.
New Residential Investment Corp's total revenue sank by 18.8% to $428M since the same quarter in the previous year.
Its net income has dropped by 62.2% to $83M since the same quarter in the previous year.
Finally, its free cash flow fell by 106.4% to $-39M since the same quarter in the previous year.
Based on the above factors, New Residential Investment Corp gets an overall score of 1/5.