|Bid||9.53 x 38800|
|Ask||9.54 x 21500|
|Day's Range||9.40 - 9.60|
|52 Week Range||7.11 - 11.48|
|Beta (5Y Monthly)||1.91|
|PE Ratio (TTM)||9.53|
|Forward Dividend & Yield||0.80 (7.60%)|
|Ex-Dividend Date||Jul. 01, 2021|
|1y Target Est||N/A|
New Residential Investment (NRZ) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
New Residential Investment (NYSE: NRZ) is one of the larger mortgage real estate investment trusts (mREITs) in today's market. The company -- which specializes in originating and servicing residential mortgages and investing in agency and nonagency securities -- is growing quickly, putting this mREIT on a lot of investors' radars. Since announcing its acquisition of Caliber Home Loans, and at a time when mortgage applications are on fire, there's reason to believe the company could be in a much stronger and larger position within the next three years.
Reports on Monday said CD&R is likely to push ahead with an offer, which was first rejected because Morrisons said it 'significantly' under valued the firm.