|Bid||23.00 x 800|
|Ask||23.14 x 1200|
|Day's range||23.11 - 23.23|
|52-week range||17.51 - 24.19|
|Beta (5Y monthly)||1.87|
|PE ratio (TTM)||18.35|
|Forward dividend & yield||1.59 (6.89%)|
|Ex-dividend date||14 Oct 2021|
|1y target est||N/A|
While 2020 was a banner year for the mortgage industry, 2021 is turning out to be a lot more competitive. During this time, New Residential Investment (NYSE: NRZ) has been acquiring smaller lenders and building its footprint in the mortgage business. New Residential also originates mortgages, and it has been building that arm of its business.
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.
With interest rates at such a persistently low level, finding yield is extremely difficult. Investors looking for income should take a look at the real estate investment trust (REIT) market for stocks that pay above-average dividends. REITs are required by law to pay out 90% of their earnings as dividends, which pretty much means big yields.