Rithm Capital Corp. (RITM) Stock Price & How to Invest
Last updated July 2026
Short answer
Rithm Capital (RITM) is a diversified mortgage REIT and asset manager that pairs a large mortgage servicing and origination business (Newrez) with a growing alternative asset management arm (Sculptor, Crestline), and it trades primarily as a high-yield income name with a dividend near 11%. People typically look at it for income backed by servicing fees and mortgage servicing rights, weighed against interest rate and housing sensitivity.
RITM stock price
As of 2026-07-17, Rithm Capital Corp. (RITM) last closed at $9.32, down 21.9% over the past year. Over the past 52 weeks it has traded between $8.77 and $12.62.
Prices are daily closing prices from Yahoo Finance and may be delayed. For the live quote, check your broker or Rithm Capital Corp.'s investor relations page. Walnut is informational, not investment advice.
What does Rithm Capital Corp. (RITM) do?
Rithm Capital Corp. (NYSE: RITM) is a global asset manager focused on real estate, credit, and financial services. It operates through several segments: Origination and Servicing (its Newrez and New Residential Mortgage subsidiaries), Residential Transitional Lending, Asset Management, an Investment Portfolio, and Commercial Real Estate. Newrez is the engine, with roughly $850 billion of servicing unpaid principal balance and about $15.5 billion of funded origination volume in the first quarter of 2026. The company internalized its external management function (previously run by an affiliate of Fortress Investment Group) in 2022, rebranding from New Residential Investment Corp. to Rithm Capital.
The investment picture centers on a shift toward a more fee-driven mix. Rithm's asset management arm, which includes Sculptor (alternative credit, real estate, and multi-strategy), Crestline (private credit), and Elecor (Class A office property), grew assets under management to roughly $59 billion as of March 2026, up from about $35 billion a year earlier following acquisitions. A large mortgage servicing rights (MSR) portfolio tends to gain value when rates rise, providing a natural hedge to book value, while the double-digit dividend yield is the main draw for income investors. The offset is meaningful sensitivity to interest rates, mortgage volumes, and credit conditions.
What's driving Rithm Capital Corp. (RITM)?
1. Servicing and origination scale
Newrez services roughly $850 billion in unpaid principal balance and grew funded origination volume about 31% year over year to $15.5 billion in Q1 2026. Servicing fee income is a relatively steady cash stream, and MSR values tend to rise with rates, partly offsetting book value pressure elsewhere.
2. Shift to fee-based asset management
Assets under management climbed to roughly $59 billion (from about $35 billion a year earlier) across Sculptor, Crestline, and related platforms. Management fees are more durable and less capital-intensive than balance-sheet spread income, which is the core of Rithm's stated transformation into a more fee-driven business.
3. Cost and technology modernization
Newrez is transitioning to ValonOS, an AI-native mortgage servicing operating system that management expects to deliver around $65 million of annual expense savings once fully implemented in 2027. Consolidating fragmented legacy systems could improve servicing margins over time.
4. High-yield income profile
Rithm pays a $0.25 quarterly common dividend ($1.00 annualized), a yield near 11% at recent prices, supported by earnings available for distribution well above the payout in Q1 2026. The yield is the principal reason many income-focused investors track the name.
What are the risks to Rithm Capital Corp. (RITM)?
Rithm is highly sensitive to interest rates, which affect origination volumes, MSR valuations, and financing costs. A sharp drop in rates can spur refinancing that reduces the value of the servicing book, while higher-for-longer rates pressure mortgage demand and profitability. Credit and housing exposure in its lending and commercial real estate segments could deteriorate in a downturn, and the office property holdings carry their own occupancy risk. As a leveraged, spread-and-fee business, book value per share (about $12.51 as of March 2026) can move with markets, and the large dividend is not guaranteed and can be adjusted. Its multi-segment structure also makes the business harder to value than a single-strategy REIT.
How is Rithm Capital Corp. (RITM) valued? (approximate, July 2026)
A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Rithm Capital Corp.'s investor relations page or your broker.
- Share price: ~$9
- Market cap: ~$5.0B
- Revenue (Q1 2026): ~$1.4B
- Book value per share: ~$12.51 (Mar 2026)
- Dividend (annual): ~$1.00 (yield ~11%)
- Earnings available for distribution (Q1 2026): ~$0.51/share
Rithm traded around $9 for a market cap near $5 billion in mid-2026, a discount to its stated book value per share of about $12.51. Q1 2026 GAAP net income was roughly $68 million ($0.12 per diluted share), while earnings available for distribution, the metric income investors watch, was about $0.51 per share, comfortably covering the $0.25 quarterly dividend. Trading below book value is common for mortgage REITs and reflects rate and credit uncertainty.
Who competes with Rithm Capital Corp. (RITM)?
Mortgage REITs
Annaly Capital (NLY) and AGNC Investment (AGNC) are the largest mortgage REITs, though they lean more toward agency securities with high rate sensitivity. Peers like Two Harbors (TWO), PennyMac Mortgage (PMT), and Dynex Capital (DX) compete for income investors, and Rithm's larger servicing and origination footprint differentiates it from pure agency players.
Mortgage servicers and originators
Through Newrez, Rithm competes with dedicated servicers and originators such as Mr. Cooper (COOP), PennyMac Financial (PFSI), and UWM Holdings (UWMC) for servicing portfolios and origination volume.
Alternative asset managers
Rithm's asset management arm (Sculptor, Crestline) places it alongside credit and real estate managers like Apollo (APO), Blue Owl (OWL), and Ares (ARES) in competing for fee-earning AUM, a mix Rithm is deliberately expanding.
How to invest in Rithm Capital Corp. (RITM)
There are three common ways to get RITM exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic basket, so RITM sits alongside other stocks that express the same thesis.
Walnut takes the basket route. Describe a thesis where RITM fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.
The bottom line on Rithm Capital Corp. (RITM)
RITM is an income-oriented, transitioning mortgage REIT and asset manager whose case rests on servicing fees, a double-digit yield, and its shift toward a more fee-driven business mix.
More on Rithm Capital Corp. (RITM)
Whether RITM is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is RITM a buy?, and where the stock could go from here in the RITM stock forecast.
For income investors, whether RITM pays a dividend and how the payout looks is covered in does RITM pay a dividend?
Build a basket around RITM with Walnut
Use Rithm Capital Corp. as one constituent in a thematic basket Walnut's AI helps you assemble. Describe a thesis you believe in, the AI proposes the holdings and weights, and you approve before any broker order.
FAQ
What does Rithm Capital do?
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Rithm Capital is a diversified mortgage REIT and asset manager. Its main businesses are mortgage origination and servicing through Newrez, an investment portfolio of mortgage servicing rights and related assets, and a growing alternative asset management arm that includes Sculptor and Crestline.
Is RITM a REIT?
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Yes. Rithm Capital is structured as a real estate investment trust, which means it distributes most of its taxable income to shareholders as dividends. It was formerly known as New Residential Investment Corp. before rebranding to Rithm in 2022.
What is RITM's dividend yield?
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As of July 2026, Rithm pays a $0.25 quarterly common dividend, or about $1.00 annualized, which works out to a yield near 11% at a share price around $9. As with any dividend, it is set by the board and can be changed.
Why does RITM trade below book value?
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Rithm reported book value per share of about $12.51 in March 2026 while trading near $9. Mortgage REITs commonly trade at a discount to book value because of uncertainty around interest rates, credit conditions, and the mark-to-market nature of their assets.
How do interest rates affect RITM?
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Interest rates affect Rithm in several ways. Rising rates tend to increase the value of its mortgage servicing rights but can slow origination volume, while falling rates can spur refinancing that reduces servicing value. This mix makes rate direction a central factor in its results.
What is Rithm's asset management business?
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Rithm's asset management arm includes Sculptor Capital (alternative credit, real estate, and multi-strategy investing), Crestline (private credit), and Elecor (office property). Combined assets under management reached roughly $59 billion in early 2026, up from about $35 billion a year earlier.
How does RITM compare to Annaly and AGNC?
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Annaly and AGNC are larger and focus mainly on agency mortgage securities with high rate sensitivity. Rithm carries a bigger operating footprint in mortgage servicing, origination, and asset management, giving it more fee-based income but also a more complex, multi-segment business to evaluate.
How can I invest in RITM?
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RITM trades on the New York Stock Exchange and can be bought through any standard brokerage account. On Walnut you can add RITM to a thematic basket alongside related names and track how it fits your stated thesis. Walnut is not an investment adviser, so any decision is your own.
Walnut is informational, not investment advice. Financial figures on this page are approximations; always verify current numbers with Rithm Capital Corp.'s investor relations page or your broker before making investment decisions.