NRZ News and Press, New Residential Investment Corp. From 07/22/20

New Residential Investment Corp. (NRZ) Q2 2020 Earnings Conference Call July 22, 2020 08:00 ET Company Participants Kaitlyn Mauritz - Investor Relations Michael Nierenberg - Chairman, Chief Executive Officer and President Nick Santoro - Chief Financial Officer Jack Navarro - Pr...

Online broker Robinhood is changing the way people invest, in both good and worrisome ways. Some troubling signs show up in the company's list of the 100 most popular stocks, which changes regularly and recently included mortgage real estate investment trusts (mREITs) like MFA Financial (NYSE...

There Are Now Two Leveraged MREIT ETNs After the March 2020 crash, there was only one leverage mREIT ETN remaining. That was Credit Suisse X-Links Monthly Pay 2x Leveraged Mortgage REIT ETN ( REML ). The two 2X-leveraged mREIT-based ETNs sponsored by UBS Group AG ( UBS ): the UBS ETRACS Mo...

The following slide deck was published by New Residential Investment Corp. in conjunction with their 2020 Q2 earnings Read more ...

New Residential Investment (NYSE: NRZ ) pops  1%  after Q2 core earnings  of $0.34 beats consensus of $0.29 helped by the mortgage segment generating over $200M in pre-tax income. The company ended with over $1B of cash, signalling strong capitalization. Q2 total revenu...

New Residential Investment (NYSE: NRZ ) : Q2 Non-GAAP EPS of $0.34 beats by $0.05 ; GAAP EPS of -$0.02. Revenue of $451.76M (+4.7% Y/Y) misses by $70.37M . Book value of $10.77 vs. $10.71 in Q1 2020 and $16.17 in 2Q19. Shares -1.2% PM. Press Release More news on: New Residen...

New Residential Investment Corp. (NYSE: NRZ; “New Residential” or the “Company”) today reported the following information for the second quarter ended June 30, 2020: SECOND QUARTER 2020 FINANCIAL HIGHLIGHTS : GAAP Net Loss of ($8.9) million, or ($0.02)...

New Residential Investment (NYSE: NRZ ) is scheduled to announce Q2 earnings results on Wednesday, July 22nd, before market open. The consensus EPS Estimate is $0.29 (-45.3% Y/Y) and the consensus Revenue Estimate is $522.13M (+25.5% Y/Y). Over the last 2 years, NRZ has beaten EPS est...

Article Thesis Following a rough first quarter, during which New Residential ( NRZ ) cut its dividend by 90%, the company recently doubled its dividend. This provides a solid, although not spectacular dividend yield for those buying at today's price. New Residential remains a company with ...

Author’s Note: PART 2 of this article is a continuation from PART 1 which was discussed in a previous publication. Please see PART 1 of this article for a detailed projection of AGNC Investment Corp.’s ( AGNC ) income statement (technically speaking, the company’s &#x...