Meeting With Management | NRZ Message Board Posts

New Residential Investment Corp.

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Msg  2279 of 2313  at  12/3/2018 10:38:27 AM  by

lumpygravy


Meeting With Management

Brief clip from KBW (Bose George) report dated yesterday....
 
"On Friday, we had a meeting with senior management at New Residential (NRZ)
including Michael Nierenberg, CEO and Nick Santoro, CFO. Primary topics
of discussion included mortgage servicing acquisition opportunities, returns on
MSRs, the clean-up call opportunity, and other uses of capital. We continue to
believe the company remains well positioned to maintain a stable $0.50 quarterly
dividend and protect book value. We reiterate our Outperform rating and believe
the shares remain very compelling trading at 1.02x book value, which is largely in
line with large cap mortgage REITs."
 


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Msg # Subject Author Recs Date Posted
2280 Re: Meeting With Management delt1970 0 12/3/2018 1:32:12 PM


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