This REIT’s huge MSR portfolio and prospects for dividend growth are the two single biggest reasons to buy into the mortgage REIT today. It will most likely announce a dividend hike over the short haul - thanks to significant excess dividend coverage. Though shares have surged lately, the mortgage REIT is far from being expensive. I have a 12-month price target of $20, implying ~12 percent upside. An investment in the stock yields 11.2 percent.
New Residential Investment, Inc. (NRZ) not only offers income investors a covered 11.2 percent dividend yield, but an investment in the mortgage REIT also comes with capital upside as I see its shares as undervalued. New Residential Investment has one of the best dividend coverage stats in the sector that strongly tilt the odds in favor of a dividend raise over the short haul, or maybe even a special dividend. I think investors could capture total returns of ~25 percent over the next twelve months.
Source: Seeking Alpha
Related Articles:
- 4 Dividend Stocks For A Confident And Secure Future
- To Infinity and Beyond!
- 6 Dividend Growth Stocks With A Low P/E
- Rising Dividends = Rising Returns
- High-Yield, High-Return Investments To Increase Income While Waiting On Dividend Growth
New Residential Investment: This Outperforming Mortgage REIT Has A Covered 11.2% Yield And 12% Upside
Posted by D4L | Wednesday, December 13, 2017 | ArticleLinks | 0 comments »________________________________________________________________
Subscribe to:
Post Comments (Atom)
~
Popular Posts Last 30 Days
-
As a relatively new blogger, the one thing that has stood out in my mind is the number of Canadian bloggers in the areas that I am most inte...
-
Dividends and diversification -- those two things can help you achieve a comfortable retirement when combined with the income you will recei...
-
The best dividend stocks have one thing in common: resiliency. They can continue increasing their dividends even in the harshest economic en...
-
Investors wanting to enjoy steady and consistent income should consider dividend aristocrats. In fact, even in these chaotic times, dividend...
-
A good dividend stock has more than a high yield. Dividends need to be supported by cash flow, and cash flow depends on the long-term streng...
-
When looking for dividend stocks to invest in, it is advisable to choose companies that have strong dividend histories and stable balance sh...
-
When hunting for discounted investments, one excellent starting point is to look for businesses with dividend yields trading above their fiv...
-
Higher dividend yields often imply that the underlying company paying the dividend has a higher risk profile. However, that's not always...
-
It's hard to beat a sustainable, high-yield dividend paired with a beaten-down valuation. The best dividend stocks offer high yields and...
-
Strange but true: seniors fear death less than running out of money in retirement. And unfortunately, even retirees who have built a nest eg...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.