NRZ News and Press, New Residential Investment Corp. From 10/16/20

We're highlighting the mortgage REITs with more MSRs today: Bullish ratings on CHMI, TWO, PMT, and NRZ. We highlighted several of these REITs together before. It was 04/06/2020 and responses were mixed. Some investors hated the idea of buying at around 30% of book value. Discounts...

This series projects AGNC’s income statement for the third quarter of 2020. These projections help readers understand how most of the fixed-rate agency mREIT sector performed (valuable insight). First, I am projecting AGNC will report a minor decrease in interest income for the...

New Residential Investment Corp. (NYSE:NRZ, “New Residential” or the “Company”) announced today that it will release its third quarter 2020 financial results for the period ended September 30, 2020 on Monday, October 26, 2020 prior to the opening of the New Y...

We’re focusing on the two big REITs today, talking about our bullish outlooks on American Capital Agency Corp. and Annaly Capital Management. Besides being big, they both have big discounts to NAV, internal management, and lower-than-average recurring operating expenses. Di...

The taxable account generated $1,169.58 of dividends in September of 2020 compared with $1,699.18 of dividends in September of 2019. The taxable account had a balance of $384,080.02 as of September 30th, 2020, vs. $461,950.86 on September 30th, 2019. The annualized cost basis yield is...

U.S. equity markets delivered their strongest week in three months, driven by solid economic data and renewed hope for a compromise on the ever-elusive fiscal stimulus deal. Following gains of 1.6% last week, the S&P 500 surged 3.9% this week, climbing back within 3% of all-time h...

We’re highlighting our bullish outlook on Annaly Capital Management. The largest mortgage REIT in the sector still trades at a discount of 18% to estimated book value. Discounts to book value (or NAV) are the start of your mortgage REIT analysis, but not the end. In thi...

This article compares NLY’s recent dividend per share rates, yield percentages, and several dividend sustainability metrics to twenty mREIT peers. This includes an analysis of NLY’s quarterly estimated REIT taxable income, estimated core earnings, and normalized core ear...

We're taking a bullish outlook on GPMT. We bought shares twice in the past forty days. Recent news on financing and a dividend announcement brought shares roaring higher. We're also taking a bullish outlook on New York Mortgage Trust. This is another beat up REIT trading at a dramatic...

U.S. equity markets snapped a four-week losing streak on a frenetic week of economic data and political developments that culminated with the hospitalization of the President of the United States. Throwing yet another curveball into the home stretch of a highly contentious U.S. electi...