Rithm Capital Stock: Buy, Sell, or Hold?
If passive income is your primary goal, you may find Rithm Capital's (NYSE: RITM) 9.2% dividend yield alluring. The real estate investment trust (REIT) is reasonably priced, but management is overhauling the business, which could affect its future dividend payout. That has some shareholders wondering if now is the time to sell. Which direction is right for you?
Whether you own the stock, hold Rithm Capital stock, or are considering buying it today, here are some things you'll want to consider first.
Rithm Capital is a global asset manager that invests in real estate, credit, and financial services. Founded in 2011, it is one of the largest non-bank mortgage originators and servicers in the United States. Early in its history, it focused on investments in mortgage servicing rights (MSRs). It operated as New Residential Investment Corp. until June 2022, when it rebranded to Rithm Capital.
Source Fool.com
