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New Residential Investment Corp. (NRZ)

NYSE - NYSE Delayed Price. Currency in USD
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11.13+0.22 (+2.02%)
At close: 4:00PM EDT
11.09 -0.04 (-0.36%)
After hours: 05:43PM EDT
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  • G
    Gary W .
    nice price today. I hope we can stay above $11. for good now. Regardless, the dividend is probably what most of us are here for! Win/win going on here.
  • d
    dbtunr
    I'm out. Tired of the constant dilution. Split the money into CIM and AGNC. Thanks for the tip on those.
  • A
    AdamGDB
    Hidden on page 21 of the prospectus for the recent preferred offering is one of the most material new pieces of information on the new combined entity: pro forma fully diluted EPS for NRZ and Caliber through first 6 months of year, June 2021. NRZ alone was $0.88. NRZ + Caliber now $1.35. a 53% increase in earnings, now representing almost $0.70 a quarter. Core earnings will be different, but good representation of how much more profitable this company is about to become post merger.
  • T
    Tim
    Great yield with dividend growth ...great value right now.
  • A
    A
    I went in a few years ago at $18 with a 12% div. I am so crushed. Will it ever get back to pre-pandemic levels? Should I sell, and take my losses? Or hang in there and collect the current div? I'm an early retiree with little savings...what would you do?
  • G
    Gary W .
    I thought today was an opportunity to buy shares, so I did.
  • J
    John
    Hopefully the new offering causes no dilution to the common stock holder...methinks they have already targeted the 400kk for another accretive bargain purchase. Looks like the mgmt. is slowly & quietly building a powerhouse in the sector.
  • d
    dbtunr
    Is this company growing on a diluted share basis? Here are the last quarters of earnings as reported by Fidelity on an adjusted basis and GAAP going back a couple of years

    Q1 2019 37c 37c
    Q2 2019 (8c) (8c)
    Q3 2019 50c 54c
    Q4 2019 61c 51c
    Q1 2020 48c ($3.86)
    Q2 2020 34c (2c)
    Q3 2020 31c 19c
    Q4 2020 32c 16c
    Q1 2021 34c 65c
    Q2 2021 31c 26c

    Did they ever really earn enough to pay that 50c dividend? It looks to me like all the share dilution has not grown EPS over time. Their cost of funds is too high.
  • S
    Samuel
    Here is a question which I hope someone could give me an answer for:
    WHAT MAKES NRZ MORE IMPORTANT THAN ANY OTHER MORTGAGE REIT?
    I have just counted all the posts which were made during the last 3 days (Today, yesterday and the day before) at the discussion boards of my 4 REIT's and here are the results:

    NRZ: 34
    ABR: 0
    CIM: 5
    TWO: 3

    To me, mortgage REIT's go up and down together. Common factors like "The state of the economy", "Interest rate" and "Home prices" affect their share prices more than the specific finances of each REIT. Nobody cares to study the finances of ABR, CIM or TWO but most people here study NRZ's finances in details. Why?
  • S
    Samuel
    Mortgage Rates Dip Lower This Week; 30-year Loan at 2.86%
    Freddie Mac: It’s down from 2.88% last week and close to the 2.87% the 30-year FRM was at this time last year. The 15-year FRM now stands at 2.11%.
    https://www.floridarealtors.org/news-media/news-articles/2021/09/mortgage-rates-dip-lower-week-30-year-loan-286
  • S
    Steve
    If you believe the recent story from Motley Fool then this stock should easily grow to $15-16 per share.
  • j
    j
    another offering- what happened to the mega cash provided by Caliber ?
  • d
    dbtunr
    So in conclusion, the company is not growing their earnings as fast as they are growing their share count. With that fact, I can't see how they continue to grow the dividend.
  • C
    Clouzz
    Im out!! Cant stand it anymore.. Been nothing but grief since i doubled my initial position last April. Management does not seem to be working for us, it is almost like they are borrowing more money just to keep paying us our dividend each quarter? ZERO trust in management so i have decided to sell it all! See you on the other side. I just hit enter on the order, sell all at $17.50! Pow! Good riddance NRZ
  • B
    Bill
    Here is link to those combined nrz plus caliber on page S-14

    https://www.sec.gov/Archives/edgar/data/1556593/000114036121031446/ny20000703x4_424b5.htm
  • j
    j
    yes the market is down-but NRZ is down a lot -
    Question - is the China Property Evergrande the reason NRZ is following suite ?
    what happened to the Caliber confidence?
  • S
    Steve
    How many think this new offering will end up slowing down common share holder dividend increases?
  • C
    Clouzz
    Buddy asked me what to invest $1000 in.. Of course I had to tell him that any financial advisor would make him buy 100 different stocks, all under $10 each so he does not break the cardinal rule of no more than 1% in any 1 equity! They all say that, look it up!
  • R
    Rhonda
    @lobo in reference to DB Cooper who I muted early last year. I am still here as well. I have never sold one share and have actually accumulated a mass of shares since March 2020. Never panicked with NRZ but saw opportunity to roll my income larger when the market got Covid rattled. I dare say I have more shares than anyone who has been on this board for the past 5 years (75,000+). Even if the divi stays at .25 you can do the math. DB Cooper has bashed NRZ for years and I have always considered him entertainment. CHeers
  • S
    Scott
    My NRZ position has grown to be nearly 5% of my portfolio. How large of a position do you guys/gals hold in your portfolio (across all IRA/529/401,etc.)? Being highly leveraged and not actually investing in hard assets (vs. equity REITs). There is only so much upside potential so this is mostly a highly leveraged income security. I liked it when there was huge capital appreciation, but now it's getting closer to book value and they can really suffer during any type of economic shock (recession/interest rate increase/etc.). Looking for sound advice from professional (or seasoned investors in alternative assets like mREITs).