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Highland Capital Management LLC acquired a new position in Rithm Capital in the second quarter valued at about $196,000.
Investors may consider alternative mortgage REIT preferreds such as Arbor Realty and Rithm Capital which are anchored off non-LIBOR rates.
Rithm Capital Corp. has a 1 year low of $6.86 and a 1 year high of $11.52.
Rithm Capital Corp. has a 52-week low of $7.40 and a 52-week high of $11.15.
Rithm Capital has a consensus target price of $11.50, suggesting a potential upside of 8.90%.
Rithm Capital lowered its dividend during the pandemic, but has since managed to grow the dividend back to $0.25 per-share.
Russell Investments Group Ltd. bought a new stake in Rithm Capital during the fourth quarter valued at approximately $63,000.