NRZ News and Press, New Residential Investment Corp. From 04/02/20

Buckle up. Recounting dividends by the numbers for the U.S. stock market for March 2020 and 2020-Q1 is going to be a rough ride, so let's get straight to the dividend metadata. A total of 3,869 U.S. firms declared dividends in March 2020, an increase of 187 over the 3,682 recorded in Feb...

This research report was produced by The REIT Forum with assistance from Big Dog Investments . As the panic around COVID-19 began to accelerate, we witnessed stocks plunge. The decline hardly spared anyone. However, here are some very interesting aspects to address. Banks have...

In classic "throwing the baby out with the bathwater" behavior, the markets are pricing agency mREITs, such as AGNC Investment Corp. ( AGNC ) and Orchid Island Capital, Inc. ( ORC ) at irrational discounts to book value. The prices and book values of the mREITs have declined severely since Feb...

Without question, 2020 Q1 will go down as the most destructive quarter for the stock market in history. While the coronavirus pandemic has unleashed havoc across the board, mortgage REITs ( MORT ) join the ranks of airlines, energy among the worst hit sectors. Indeed, a supposedly overvalued ...

Updating his estimates to reflect the times and the latest information disclosed by New Residential (NYSE: NRZ ), BTIG bull  Giuliano Bologna cuts his price target to $10.50 from $18. That's still way more than a double from the current $4.33 ( down another 13.7%  today). More n...

To reduce short-term financing exposure, New Residential (NYSE: NRZ ) confirms that it has agreed to sell ~$6.1B face value of non-agency residential mortgage-backed securities to several buyers. More news on: New Residential Investment Corp., Financial stocks news, Read more ...

Since the 2008 financial crisis, regulators have been preventing banks from taking on extreme leverage that almost toppled the industry. More news on: Citigroup Inc., Truist Financial Corporation, The Goldman Sachs Group, Inc., Financial stocks news, News on ETFs, Read more ...

Mortgage REITs were thoroughly devastated over the last month. It's been a brutal period for them. Book values are down and price-to-book value ratios plunged. There are a few other interesting bits investors need to know though. For instance, the mortgage REITs focused on "Agency" securit...

New Residential Investment ( NRZ -18.8% ) is selling a portfolio of debt with a face value of $6B, Bloomberg reports, citing people with knowledge of the matter. More news on: New Residential Investment Corp., Financial stocks news, Read more ...

Amarin (NASDAQ: AMRN )  -68%  after court decision on Vascepa. More news on: Amarin Corporation plc, Delphi Technologies PLC, SuperCom Ltd., Stocks on the move, , Read more ...