NRZ News and Press, New Residential Investment Corp. From 04/23/22

We take a look at the action in preferreds and baby bonds through the second week of April and highlight some of the key themes we are watching. The preferreds market was weak as lower stocks and Treasuries being the key headwinds. We discuss the apparently asymmetric nature of pr...

We'll lock in another big dividend yield with a respectable amount of upside. These shares have underperformed recently, opening up a more attractive opportunity. As part of financing the trade, we're working on rebalancing the portfolio. We closed out one of our equity REIT posit...

Shares of mortgage portfolio manager REIT New Residential Investment Corp. are trading at a discount to book value, which should further rise as mortgage rates surge above 5%. The value of (and earnings from) its mortgage servicing operation should outpace any loss of business from it...

Sharp recent changes in interest rates have created both opportunities and confusion within the capital structure of preferred issuers. We use NRZ as a case study and discuss how investors can go about allocating within a suite of an issuer's preferreds. We continue to like NRZ.PD...

Yesterday, we were talking about one preferred share and highlighting a 13% yield that wasn’t a great deal. Today, we’re flipping the script by talking about one of the 12.5% dividend yielders that belong in your portfolio. This is one of the mortgage REITs I own. Sc...

This series projects AGNC’s income statement for the first quarter of 2022. These projections help readers understand how some of the fixed-rate agency mREIT sector performed (valuable insight). I’m projecting AGNC will report a modest increase in net spread income for t...

We've got a great opportunity for investors to earn over 7% with low risk and a high probability of a dividend increase later this year. There are plenty of attractive opportunities in the sector now as share prices fell much harder than book value, for some REITs. There are a few...

We've got so many exciting developments in the sector, but we'll focus in on two of them. One is a mortgage REIT with a massive dividend yield reporting a huge drop in book value per share, which makes their dividend yield look even more doubtful. Another is a mortgage REIT tradin...

The mortgage industry is deeply unpopular right now. Mortgage bankers are facing declining origination volumes as interest rates rise, and mortgage real estate investment trusts (REITs) are under the dark cloud of Fed policy. Despite the difficult environment, some mortgage stocks a...

New Residential Investment Corp. (NYSE:NRZ, “New Residential” or the “Company”) announced today that it will release its first quarter 2022 financial results for the period ended March 31, 2022 on Tuesday, May 3, 2022 prior to the opening of the New York Stoc...