Buy RITM: 10% Yield, Deep Book-Value Buffer and a Clear Risk/Reward
Rithm Capital (RITM) trades near $10.12 with a near-10% yield and a roughly 17-18% discount to reported book value. The combination of a high current distribution, a sub-1.0 price-to-book multiple and recent analyst upside creates a favorable asymmetric trade if management can maintain cash returns and MSR/portfolio performance stabilizes. The trad…