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0 0 0 0 -0.000911577028258868 0.00273473108477661 0.00638103919781224 -0.0150410209662717
Stock impact report

RITM.PR.F: An 8.75% Fixed-Rate Reset Preferred IPO From Rithm Capital [Seeking Alpha]

Rithm Capital Corp. (RITM) 
Company Research Source: Seeking Alpha
RITM-F appears undervalued relative to both RITM's debt and common equity, with a higher yield and lower risk profile than the common stock. Rithm's capital structure and dividend coverage are adequate, with a 3.7x cushion for preferred distributions and strong total return outperformance versus sector peers. RITM-F's reset feature and pricing offer a compelling diversification opportunity to AGNC and NLY preferreds, given its higher yield-to-call. This idea was discussed in more depth with members of my private investing community, Trade With Beta. Learn More » Andrzej Rostek/iStock via Getty Images Co-authored by Relative Value. Overview With this, we continue our series of articles, focused on the new fixed-income financial products on the exchange. This time, we'll apply our IPO evaluation methodology to the latest listed product of Rithm Capital ( More on my IG service Trade With Beta At Trade With Beta, we discuss ideas like this as they happen in more det Show less Read more
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