|Bid||0.00 x N/A|
|Ask||0.00 x N/A|
|Day's range||8.85 - 8.99|
|52-week range||8.85 - 8.99|
|Beta (5Y monthly)||1.74|
|PE ratio (TTM)||0.04|
|Earnings date||06 Feb 2023 - 10 Feb 2023|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Zacks.com users have recently been watching Rithm (RITM) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
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The past year has been exceedingly difficult for companies in the mortgage industry. Mortgage originators have seen a collapse in volume as rising interest rates and home prices have made housing much less affordable. Mortgage real estate investment trusts (REITs) have suffered as the Federal Reserve's aggressive tightening policy has increased volatility in the bond market, which has caused mortgage-backed securities to underperform Treasury securities.