Rithm Capital Prices $250 Million Public Offering of Preferred Stock
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Businesswire
- Offering Size: Rithm Capital Corp. announced the pricing of 10 million shares of its 8.750% Series F Preferred Stock at $25 per share, resulting in gross proceeds of approximately $250 million, indicating strong market demand for the company.
- Listing Plans: The Preferred Stock is set to be listed on the New York Stock Exchange under the symbol “RITM PR F,” with the offering expected to close on January 21, 2026, enhancing the company's market liquidity.
- Underwriter Lineup: Top investment banks including Morgan Stanley, Goldman Sachs, and JP Morgan are acting as joint bookrunners for the offering, reflecting strong market confidence and support for Rithm Capital.
- Use of Proceeds: The company intends to utilize the net proceeds from this offering for investments and general corporate purposes, aiming to enhance overall business growth potential through strategic capital deployment.
Analyst Views on RITM
Wall Street analysts forecast RITM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RITM is 15.25 USD with a low forecast of 14.00 USD and a high forecast of 16.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
4 Buy
0 Hold
0 Sell
Strong Buy
Current: 11.400
Low
14.00
Averages
15.25
High
16.00
Current: 11.400
Low
14.00
Averages
15.25
High
16.00
About RITM
Rithm Capital Corp. is a global asset manager focused on real estate, credit and financial services. The Company makes direct investments and operates several wholly-owned operating businesses. Its segments include Origination and Servicing, Investment Portfolio, Residential Transitional Lending and Asset Management. The Company's businesses include Sculptor Capital Management, Inc., an alternative asset manager, as well as Newrez LLC and Genesis Capital LLC, mortgage origination and servicing platforms. Sculptor Capital Management, Inc. provides asset management services and investment products across credit, real estate and multi-strategy platforms through commingled funds, separate accounts and other alternative investment vehicles. Genesis Capital LLC specializes in originating and managing a portfolio of primarily short-term business purpose mortgage loans to fund single-family and multi-family real estate developers with construction, renovation and bridge loans.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
