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falling way too far. Big buying opportunity. Should announce dividend in a few weeks to raise yield to ~9%
Agreed, filled out my position this morning at $6.10
I guess it's getting lumped in with REITs or something... but from what I understand, rising rates improve its business.
I also agree yield should end up about 9%. NRZ being compared to mREITs. Another quarter or two of rising rates should fix that.
Rising rates increase costs to borrow money. This cuts into DCF. The damage is much greater for REIT's who use leverage.
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New Residential Investment Corp.
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