NRZ News and Press, New Residential Investment Corp. From 11/02/20

Consensus analyst estimates for Drive Shack Q3 are $59.8m in revenue and $(0.23) in EPS when they report November 3rd. Looking at rounds played and business developments for Drive Shack informs why this significantly underestimates their expected business performance in Q3. Callaw...

The company has received board authorization to buy back up to $100M of preferred stock ([[NRZ.PA]], [[NRZ.PB]]) through the end of next year. Both issues have coupons above 7%, and are priced to yield above 9%.In addition, New Rez (NRZ) has also begun repurchases of common stock. Current yie...

New Residential Investment Corp. (NYSE: NRZ, “New Residential”, the “Company”) announced today that the Company's Board of Directors (the “Board”) authorized the repurchase of up to $100 million of the Company's preferred stock, which includes i...

U.S. equity markets plunged by the most since March this week as a strong slate of economic data and corporate earnings was overwhelmed by pre-election jitters and amplified coronavirus concerns. A cascading wave of lockdowns across Europe rattled global equity markets while narrowing...

Risk is still high, but we’ve got quality mortgage REITs at substantial discount to book value. We don’t advocate going “all in,” but investors should be building positions. NLY, PMT and NYMT each demonstrate a substantial discount to book value. Each has o...

The Robinhood 100 List provides a gauge of where its users, primarily millennials, are investing their money. However, not all stocks on the list possess sound fundamentals. Mortgage REIT New Residential Investment (NRZ) is one of the Robinhood 100 stocks despite losing nearly 51% so far this...

Q3 2020 is producing some strong results on mortgage REIT earnings. Core EPS, Net Interest Spread, and Net Interest Margins expanded significantly. When the latest wave of COVID-19 cases calms down, investors should be getting excited about earnings. Discounts to book value (or NA...

Rapidly growing mortgage lender and servicer promotes Bob Johnson to Chief Operating Officer of Originations NewRez LLC (“NewRez”, the “Company”), a national mortgage lending and servicing organization, announced today that Bob Johnson, fo...

Readers love our series on the different types of REITs. We’re bringing a similar layout to preferred shares. There are several options among the mortgage REIT preferred shares we cover. By covering the sector, we’ve got a more detailed view on the individual shares. ...

I am projecting AGNC will report a modest (at or greater than 5% but less than 10%) BV increase for the third quarter of 2020. This projection is mainly due to the minor-modest net price increases in most fixed-rate agency MBS coupons and a minor-modest net valuation gain within AGNC'...