Big Discount For This 8.7% Yield From New Residential
About: New Residential Investment Corp. (NRZ), NRZ.PB, NRZ.PC, Includes: NRZ.PA
by: Colorado Wealth Management Fund
Summary
The REIT Forum recently started covering the preferred shares from NRZ and a couple of them are within our buy range.
We see NRZ-B as the clear winner at recent prices.
NRZ-B goes to a floating rate when call protection ends. At recent prices, the floating rate isn’t too bad.
The REIT Forum has recently started covering the preferred shares for New Residential Investment Corp. (NYSE:NRZ). We picked up shares of the common stock not too long ago on the strength of
