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NRZ - A Quick Look At New Residential's Third Quarter Earnings
New Residential Investment Corp.
New Residential Investment Corp. (NRZ) just announced earnings on Friday, October 25th, and other than some premarket panic selling, the share price held up pretty well and was briefly positive on the day before drifting lower. Total return for the past year has been almost 15% lower than the S&P 500 total return, and investors are nervous about declining earnings leading to a possible dividend cut, despite the fact that they are one of the last mREITs to hold on and not cut yet. As someone who is long the stock and has