NRZ News and Press, New Residential Investment Corp. From 08/20/21

Annaly Capital achieved top FFO ranking, AG mortgage had the top analyst target upside, and The GEO Group top yield out of 350 U.S. REITs per YCharts data 8/17/21. Top-10 net-gainers OHI, GLPI, ABR, SPG, STWD, TWO, RWT, MPW, NNN, and NRZ ranged 14.6%-34.39% 8/17/21. Top-30 US Hi-FFO R...

Tracking what has become the post-pandemic monthly pattern, the number of mortgages in active forbearance plans edged slightly higher during the past week, rising 11K, according to the Black Knight McDash Flash Forbearance Tracker. For the week ended Aug. 17, some 1.75M of borrowers remain in...

Mortgage REITs can offer investors extremely high yields. While the yields are attractive, we want to keep an eye on prices as well. Rather than just paying lip service to prices, investors need to really dig into those price-to-book ratios and contrast current ratios with reasonable ...

My last article analyzed New Residential Investment Corp. by its yield spread relative to the 10-year treasury rate and BBA bond yield. The results suggested slight overvaluation but still good potential for a single-digit return and a good 8% current dividend income in the mid-term. ...

In our "State of the REIT Sector" report, we analyze recently-released NAREIT T-Tracker data to review high-level REIT fundamentals over the past quarter through a series of charts. REIT company-level metrics have exhibited a substantial rebound over the last year as FFO and dividends...

MITT gets an upgrade to a neutral outlook. Shares are down about 26.5% from their highs despite fundamentals performing reasonably well. Agency mortgage REITs have consistently reported declines in book value. The range of the decline differs significantly, but so far all were lower. ...

U.S. equity markets climbed to fresh record highs this past week as better-than-expected employment data eased some concern over threats of another potential wave of COVID-related economic restrictions. The U.S. economy added 942k jobs in July, while continuing jobless claims fel...

REIT earnings season has provided critical information on the state of the real estate industry - a much-needed check-in amid fears of a potential "fourth wave" of the COVID pandemic. Results were significantly better-than-expected with roughly 95% of equity REITs beating consensus FF...

The number of mortgages in active forbearance fell 71K in the most recent week, as well as the past month, as plan exits rise and plan starts fell to the lowest weekly mark since early July, according to the Black Knight McDash Flash Forbearance Tracker. As of Aug. 3, some 1.82M, or 3.4%, of ...

The stock market continued to perform well with the S&P 500 up another 2.27% bringing its YTD gains to almost exactly 17%. I am continuing my monthly investment plans while still awaiting a market correction or possibly a real crash once market euphoria has come down. My divid...