|Bid||7.43 x 2200|
|Ask||0.00 x 1200|
|Day's Range||7.01 - 7.61|
|52 Week Range||2.91 - 17.66|
|Beta (5Y Monthly)||1.73|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul. 28, 2020 - Aug. 03, 2020|
|Forward Dividend & Yield||0.20 (2.79%)|
|Ex-Dividend Date||Apr. 14, 2020|
|1y Target Est||10.55|
Investors need to pay close attention to New Residential Investment (NRZ) stock based on the movements in the options market lately.
The first quarter was one of the toughest ever for mortgage real estate investment trusts (mREITs). Mortgage-backed securities, even government-insured ones, fell like a tech stock after a bad earnings report. The non-agency REITs suffered the worst.
NEW RESIDENTIAL INVESTMENT CORP. BOLSTERS STRONG CAPITAL POSITION AND PROVIDES COMPANY UPDATES
The company, which is a mortgage real estate investment trust (mREIT), saw its net interest income decline by 14% over last year's first quarter to $185.5 million. As the SARS-CoV-2 coronavirus began to spread around the world, the market collapsed for the non-agency mortgage-backed securities that New Residential specializes in ("non-agency" means they're not backed by government agencies like Fannie Mae or Freddie Mac).
New Residential Investment (NRZ) delivered earnings and revenue surprises of 100.00% and -13.90%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
If you own shares in New Residential Investment Corp. (NYSE:NRZ) then it's worth thinking about how it contributes to...
New Residential (NRZ) is expected to have witnessed a decline in book value and significant loss on disposal in Q1 due to coronavirus-induced dislocations and volatility in the mortgage industry.
New Residential Investment Corp. Schedules First Quarter 2020 Earnings Release and Conference Call
New Residential Investment (NRZ) closed at $5.52 in the latest trading session, marking a -0.27% move from the prior day.
New Residential Investment Corp. Declares First Quarter 2020 Common and Preferred Stock Dividends and Announces Company Updates
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