Rithm Capital Corp traded at $10.94 this Friday January 30th, decreasing $0.98 or 8.22 percent since the previous trading session. Looking back, over the last four weeks, Rithm Capital lost 0.37 percent. Over the last 12 months, its price fell by 4.95 percent. Looking ahead, we forecast Rithm Capital Corp to be priced at 10.60 by the end of this quarter and at 9.65 in one year, according to Trading Economics global macro models projections and analysts expectations.
New Residential Investment Corp. is a provider of capital and services to the mortgage and financial services industry. The Company operates through six segments: Origination, Servicing, MSR Related Investments, Residential Securities and Loans, Consumer Loans, and Corporate. The Company's investment portfolio includes servicing related investments; operating entities; servicing related businesses; mortgage servicing rights (MSRs) including MSR financing receivables; servicer advance investments; servicer advances receivable related to its MSRs investments; residential securities and loans, including Real estate securities, or residential mortgage-backed securities (RMBS), and residential mortgage loans; and consumer loans. The Company's investments in operating entities include its mortgage origination and servicing subsidiary, Newrez LLC (Newrez), and its special servicing division, Shellpoint Mortgage Servicing, as well as investments in affiliated businesses.