10 Most Undervalued REIT Stocks to Invest In Now

2. Rithm Capital Corp. (NYSE:RITM)

Number of Hedge Fund Holders: 33

Forward P/E: 5.79

Rithm Capital Corp. (NYSE:RITM) is an asset manager focused on real estate and financial services. The firm invests across a variety of real estate and financial services assets some of which include residential mortgage loans, consumer loans, residential transitional loans, and commercial real estate. The firm was formed as a limited liability company in September 2011 and has been structured as an internally managed REIT since June 2022. Rithm Capital Corp. (NYSE:RITM) owns and actively manages a family of operating companies across the complete real estate and lending lifecycle including Newrez, Genesis Capital, and Sculptor.

Rithm Capital Corp. (NYSE:RITM) serves as a high-performing diversified asset manager currently leveraging the strength of its vertically integrated operating companies with capabilities in direct asset sourcing, asset optimization, and capital markets. The firm closed 2024 with robust earnings and a strong performance in each of its core businesses. With regards to Genesis Capital, the firm had a record FY24 origination volume of $3.6 billion, based on a high-performing client franchise and an expanding product suite. Simultaneously, Newrez had $844 billion in total servicing, positioned as the number three servicer, and $59 billion in FY24 funded volume.