Real Estate Stock Staring Up at Key Trendline

NRZ has increased its dividend payouts for the past three quarters

facebook X logo linkedin

New Residential Investment Corp. (NYSE:NRZ) is a real estate investment company headquartered in New York City. The corporation focuses on managing and investing in residential mortgage related assets. They also provides capital and services to the mortgage and financial services industries.

Last month, NRZ announced its fourth quarter 2020 common stock dividends. The board declared a quarterly dividend of $0.20 per share of common stock for the fourth quarter of 2020, representing an increase of 33% from its previous quarter’s common share dividend. This increase also brings New Residential Investment's forward dividend up to $0.80 and its dividend yield up to an outstanding 8.51%.

The company has paid dividends since 2013, but had cut its dividend in April of 2020 from $0.50 per share to $0.05 as a result of the COVID-19 pandemic. New Residential Investment has since raised its dividend every quarter by increments of $0.05.

It's been a rough 12 months for NRZ stock though. Sporting a 43% year-over-year deficit, the shares' slow climb out of its April 3 record lows has been recently stymied by their 320-day moving average.

NRZ Stock Chart

New Residential Investment has beat Wall Street's expectations for earnings in three of its last four earnings reports. While earnings per share (EPS) reported shrank from $0.61 per share for the fourth quarter of 2019 down to $0.31 per share for the third quarter of 2020, NRZ outperformed expectations throughout the last 12 months. 

Overall, NRZ maintains its position as one of the most secure high-paying dividend stocks which is what attracts so much attention from the retail sector. The company quickly resumed its dividend growth following the COVID-19 blow it took, and is likely to continue doing so based on its fundamentals. Some of the most concerning aspects of investing long-term in NRZ are the company's large debt amount and the substantial revenue hit New Residential Investment took in 2020.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI