|Bid||24.40 x 1000|
|Ask||25.17 x 1100|
|Day's range||25.06 - 25.29|
|52-week range||18.35 - 25.34|
|Beta (5Y monthly)||1.91|
|PE ratio (TTM)||18.87|
|Forward dividend & yield||1.78 (7.05%)|
|Ex-dividend date||14 Apr 2021|
|1y target est||N/A|
The Federal Reserve cut interest rates to zero percent and has been buying longer-term Treasuries and mortgage-backed securities as a way to effectively drive down long-term rates further. Here are a couple of real estate investment trusts (REITs) with a twist that can reward investors handsomely. New Residential Investment Corp. (NYSE: NRZ) is a mortgage REIT with an origination business.
After experiencing one of the best years in over a decade, mortgage bankers are being treated as suspect by the market. Investors are fretting about rising mortgage rates choking off the refinance market, and increased competition among bankers suppressing margins. In this environment, a mortgage banker with several additional business lines like New Residential Investment (NYSE: NRZ) can be a good way to navigate the current environment.
NewRez announces that Rajinder Singh has joined its executive team as Chief Risk Officer.