Published on 8 Apr 2024 on Zacks via Yahoo Finance
Rithm Capital (RITM) Rises 39.2% in a Year: More Growth Ahead?
Rithm Capital Corp. RITM shares have jumped 39.2% in the past year. The stock has outperformed the industry’s 20% increase, the 24.3% growth of the Finance sector and the 27.1% rise of the S&P 500 Index. Based in New York, Rithm Capital is an asset manager specializing in the real estate and financial services sectors.Ithas a market cap of $5.3 billion.
Its asset management business expansion and continuous acquisition of customer loans are aiding the company. Its diversified platform and focus on growing profitability of its Newrez business is buoyingits performance. These factors are collectively contributing to this Zacks Rank #1 (Strong Buy) company's notable price appreciation. You can see the complete list of today’s Zacks #1 Rank stocks here.
