Here’s the elevator pitch, New Residential Investment Corp (NRZ) is considered a ‘strong buy’ among stock market professionals. ‘Strong buy’ is a term used by market analysts which basically conveys highest recommendation.
Despite high-risk levels, investing in New Residential Investment Corp should net some serious profits, as NRZ currently comes with an entry dividend of 11.6%. New Residential Investment Corp primarily deals with mortgage assets and all of the minutia included in that realm, such as mortgage servicing rights, service advances, residential securities, call rights, and individual and residential loans. Simply stated, New Residential Investment Corporation is a real estate investment trust, but is still diversified enough to produce dividends for shareholders.
NRZ has also shown interest in further diversifying their portfolio, specifically in unsecured homeowner loans and consumer loans. While these are technically diversification actions, they still are close enough to the realm of New Residential Investment Corporation to fit within their realm of expertise.
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