|Bid||10.87 x 2200|
|Ask||10.93 x 36100|
|Day's Range||10.81 - 10.95|
|52 Week Range||4.54 - 11.48|
|Beta (5Y Monthly)||1.96|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 03, 2021 - May 07, 2021|
|Forward Dividend & Yield||0.80 (7.27%)|
|Ex-Dividend Date||Apr. 01, 2021|
|1y Target Est||11.88|
Investors need to pay close attention to New Residential (NRZ) stock based on the movements in the options market lately.
New Residential Investment Corp. Declares First Quarter 2021 Common and Preferred Dividends
Mortgage originators are coming off their best year since 2003 after COVID-19 pushed the Federal Reserve to cut interest rates, which prompted a massive wave of refinancing activity. This year was expected to be almost as good, but rising interest rates have forced many in the industry to trim expectations. Meanwhile, Fannie Mae just threw a curveball at the industry, announcing that it would limit the total number of investment property loans it will guarantee to 7%.