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Post by xray on Jan 8, 2022 17:49:42 GMT
Update on some insider activity:
1... Grants were allowed for 28,000 shares of NRZ on 1/4 which normally indicates that it will be going higher. NRZ is getting out of "Penny Stock" status as it is currently >$10/shares. NRZ remains a 10star rating in my current analysis rating system.... 2... Buying activity for 5,000 shares for WMC on 1/5 at 2.24. Latest book value is 3.16. Currently "Failing" analysis numb3rs...
Live Long and Prosper....
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Post by xray on Jan 18, 2022 16:29:26 GMT
Zacks New Residential Investment (NRZ) Stock Sinks As Market Gains: What You Should Know
Zacks Equity Research Mon, January 17, 2022, 6:15 PM
NRZ-PC -0.65%
New Residential Investment (NRZ) closed the most recent trading day at $11.14, moving -0.18% from the previous trading session. This change lagged the S&P 500's 0.08% gain on the day. Meanwhile, the Dow lost 0.56%, and the Nasdaq, a tech-heavy index, lost 4.81%.
Heading into today, shares of the real estate investment trust had gained 4.11% over the past month, lagging the Finance sector's gain of 5.21% and outpacing the S&P 500's gain of 0.64% in that time.
Investors will be hoping for strength from New Residential Investment as it approaches its next earnings release. On that day, New Residential Investment is projected to report earnings of $0.38 per share, which would represent year-over-year growth of 18.75%. Meanwhile, our latest consensus estimate is calling for revenue of $211.4 million, up 86.35% from the prior-year quarter.
Any recent changes to analyst estimates for New Residential Investment should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 3.38% lower. New Residential Investment currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, New Residential Investment is holding a Forward P/E ratio of 6.58. This represents a discount compared to its industry's average Forward P/E of 8.88.
The REIT and Equity Trust industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 109, which puts it in the top 43% of all 250+ industries.
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Comment: We must keep in mind that NRZ was a "Penny Stock" and has increased in both Book Value and Mktprc over a period of "TIME". Penny stocks are always "VOLATILE" and MktPrc's will always be changing (going forward). Current analysis data (COB Friday) shows NRZ as a 8star with a report card of 95 (power rating of 99). Last insider buying activity was at 10.10 for a 100,000shares on 4/19/21. Rf (risk factor to portfolio's) is shown as 0.537 (must be greater than 0.532) with a "security sell code" of 2 (normal risk)....
Disclosure: Some of us continue to hold a maximum "allowable" portfolio position in NRZ....
Live Long and Prosper....
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Post by xray on Jan 18, 2022 16:38:32 GMT
Chahta, yogibearbull, anitya, richardsok, chang, insider Tue, January 18, 2022, 9:38 AM Investment company David J Yvars Group (Current Portfolio) buys Amazon.com Inc, Entegris Inc, Crocs Inc, Netflix Inc, Tempur Sealy International Inc, sells iShares Core S&P 500 ETF, Microsoft Corp, InMode, PayPal Holdings Inc, Bank of America Corp during the 3-months ended 2021Q4, according to the most recent filings of the investment company, David J Yvars Group. As of 2021Q4, David J Yvars Group owns 117 stocks with a total value of $170 million. These are the details of the buys and sells. New Purchases: DDOG, GOF, LLY, AEIS, VOO, JNJ, VB, EQIX, ETO, ABT, REM, ISD, BG, CARR, BND, AMAT, LITE, KYN, XLF, CLM, SKY, SPG, MU, MRK, GPN, ES, FIVN, FE, ALTR, STIM, EMN, MMM, ANSS, CSX, COST, DRI, EXEL, DOW, WBT, HSIC, O, DBC Added Positions: AMZN, ENTG, CROX, NFLX, TPX, GNRC, AAPL, PNQI, IJH, GOOGL, NVDA, VV, IJR, XLK, XLU, ED, CII, FIVE, IWP, CRM, AEP, PAYC, SO, VZ, HDV, SPY, XOM, IJS, GOOG, MDB, VGT, WMT, IEI, ANGL, TWLO, MCD, NSC, MELI, FB, NOW, EXG, AMD, NRK, SQ, QYLD, VO, TSLA, HD, ECF, NEE, KBE, KRE, JD Reduced Positions: BAC, PFF, CWB, BDJ, GBAB, IJJ, ETY, MA, LQD, RVT, CSQ, V, JPM, JPS, BCV, EVT, GDV, T, HYG, TDIV, HYB, ERC Sold Out: IVV, MSFT, INMD, PYPL, GPM, DOCU, DIS, PPT, PGX --------- Live Long and Prosper....
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Post by xray on Jan 18, 2022 17:20:16 GMT
Chahta, yogibearbull, anitya, richardsok, chang, GuruFocus.com Louisiana State Employees Retirement System Buys Airbnb Inc, Lucid Group Inc, Fortinet Inc, ... insider Fri, January 14, 2022, 1:38 PM Baton Rouge, LA, based Investment company Louisiana State Employees Retirement System (Current Portfolio) buys Airbnb Inc, Lucid Group Inc, Fortinet Inc, Palo Alto Networks Inc, Alcoa Corp, sells Signature Bank, , SolarEdge Technologies Inc, FactSet Research Systems Inc, during the 3-months ended 2021Q4, according to the most recent filings of the investment company, Louisiana State Employees Retirement System. As of 2021Q4, Louisiana State Employees Retirement System owns 1520 stocks with a total value of $4.6 billion. These are the details of the buys and sells. New Purchases: ABNB, LCID, AA, PANW, BRKR, DDOG, ZS, EPAM, VOYA, SITM, KD, NVEE, CDMO, SLVM, LYLT, ONL, FBRT, FBRT, ANIP, DOUG, HRMY, CARS, THRY, ROCC, ROCC, ROCC, OPRX, TR, SPWR, REX, NPK Added Positions: FB, FTNT, IJH, WU, IJR, INTU, LEG, O, RRX, SWN, HBI, TWO, CIVI, CIVI, QQQ, ADBE, AMD, ABG, CADE, CADE, CTRA, CSCO, CMCSA, COST, ILMN, INDB, INTC, KRG, NKTR, NTCT, NFLX, PEP, BKNG, SBUX, SYNA, TDS, TXN, EBS, TMUS, TREE, AVGO, KAR, REXR, PYPL, SLQT, DDD, EGHT, ALE, AMSF, ASML, ABMD, ATVI, RAMP, ADC, ALK, ARE, ALGN, AMED, AEO, AEP, ABC, ADI, ANGO, ANSS, WTRG, ATO, ADSK, ADP, AVB, AVA, BIO, BLFS, BKH, BXP, MTRN, CMS, CDNS, CAMP, CVGW, CWT, CPE, CPT, CCL, CASY, CNP, CRL, PLCE, CHDN, CINF, CTAS, CTXS, CLX, CTSH, COLB, CMP, CMTL, CONN, CPRT, WOLF, CFR, CMI, ATGE, DXCM, DLR, DRE, BOOM, EOG, EGP, NPO, ESS, EXEL, EXC, EXPE, EXR, EXTR, FCN, FAST, FBNC, FR, BANC, FISV, FORM, GCO, GTY, GILD, GBCI, GS, GBX, GPI, HAIN, HAL, MNST, HOG, HLIT, WELL, HR, HSII, HELE, MLKN, HSKA, HON, HRL, HUBG, HUM, MTCH, IIVI, IEX, IDXX, IIIN, IPAR, SNEX, IFF, ISRG, CSR, JBHT, SJM, VIAV, JACK, J, KLAC, KIM, KEX, MDLZ, LSCC, LXP, LGND, LAD, LYV, LPSN, MTB, MDU, MGPI, MKSI, MAR, MRVL, MTRX, MAT, MRCY, MCHP, MU, MSEX, MSA, MLI, MYGN, NCR, NBIX, NWE, ORI, OMCL, OFIX, PCAR, PSB, PKG, PH, PDCO, PTEN, PAYX, PENN, PKI, PETS, PVH, PNFP, PNW, POLY, PII, RL, PCH, MODV, PSA, NXGN, PWR, DGX, QDEL, RPT, RYN, RWT, REG, REGN, RGEN, RGP, ROK, ROG, ROST, RGLD, SAIA, CRM, SAFM, SBCF, SGEN, XPO, SIGI, SIG, SFNC, SIRI, SWKS, SWX, LSI, STE, SNPS, TECH, TTEC, THO, TYL, USPH, UNF, UBSI, UCBI, UDR, UTL, VMI, VTR, VSAT, VNO, WBA, WSO, WDC, WTFC, WEC, XEL, XLNX, CMG, CSII, KALU, LMAT, ALGT, BR, TTGT, JAZZ, LULU, MASI, MELI, APEI, MSCI, ARR, APPS, CELH, AMEH, KDP, CFX, MYRG, HCI, CLW, IVR, VRSK, EFC, QNST, GNRC, CBOE, SIX, NXPI, WSR, SBRA, TRGP, FRC, WD, VC, MOS, APTV, LPI, TRIP, ENPH, SPLK, NOW, GMED, SRC, QLYS, WDAY, RH, CONE, RC, AHH, COTY, DOC, TNDM, HLT, OGS, INGN, PCTY, SABR, BSIG, JYNT, SYNH, STOR, DEA, NXRT, NSA, UNIT, CHCT, GNL, WING, ENR, BLD, GKOS, KHC, RUN, BNED, PEN, PFGC, MIME, FCPT, TEAM, UA, MEDP, FBK, FLGT, TRHC, LW, OKTA, KREF, IR, SAFE, BKR, SAIL, CDAY, DOCU, EPRT, PDD, ARLO, MRNA, ZM, CRWD, CRNC, PTON, PGNY, CCSI Reduced Positions: TSLA, AAPL, MSFT, SBNY, FDS, NVDA, SEDG, AMZN, GOOG, M, CERN, GOOGL, POWI, CDW, IVV, INCY, FOXA, BAC, VICR, WFC, FOX, CB, ANF, AYI, AAP, AEIS, HTH, MATX, MDRX, ALL, CRMT, AXP, AIG, AMWD, AMP, AON, APA, ARW, ASB, AIZ, AGO, AN, BIDU, BANF, BK, BBBY, BIG, EPAY, BLDR, CBRL, CHRW, CCMP, COF, CAH, CRI, CE, CAR, LUMN, CI, C, CHCO, TPR, CMA, CNO, CNX, STZ, CW, DXPE, DVA, DY, EXP, EMN, ECPG, WIRE, FMC, FICO, FFBC, FSP, LHX, HIG, HVT, HFWA, HPQ, HBAN, KBH, KEY, KSS, KFY, LZB, LNC, LPX, LOW, MTG, MGM, MED, MET, MHK, MOV, HOPE, NTES, NTGR, NOC, NUE, ORLY, ODP, ORCL, OFG, PPL, PIPR, PRAA, PRU, PHM, RRC, RNR, SLM, STX, SNBR, SAH, STLD, TTMI, TTWO, TPX, TXT, TMP, TRN, TUP, UEIC, UHS, USNA, WAFD, WERN, WHR, WTW, WOR, ZION, ZUMZ, EBAY, IRBT, STAR, CROX, PRG, OC, DFS, NFBK, LOPE, BKU, HCA, MPC, FBHS, COOP, TPH, TMHC, EGRX, NAVI, JD, VRTV, SYF, CDK, ENVA, COLL, LITE, DFIN, GPMT, BHF, ARNC, AAN, VSCO Sold Out: STMP, HRC, COR, KSU, MDP, CADE, CADE, RPAI, UFS, RAVN, TCOM, CHKP, CMO, ECHO, DSPG, TCMD, IVC, RGS, DAKT, AAOI --------- Comment: TWO currently has failing numb3rs (COB Friday).... Disclosure: Some of us continue to have a minimal phase #0 position (0-2%). TWO currently has a 11.60% dividend ($0.17/Qtr ... x-div 12/27, pay 1/28) ... Live Long and Prosper....
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Post by richardsok on Jan 18, 2022 23:51:07 GMT
Hardly believable, X.
I'm no Boglehead, but firing those managers and going totally Vanguard suddenly looks like wisdom.
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Post by xray on Jan 19, 2022 11:59:37 GMT
Chahta, yogibearbull, anitya, richardsok, chang, Business Wire USD Partners Announces Five Year Ethanol Customer Renewal at its West Colton Terminal; Commencement of Renewable Diesel OperationsTue, January 18, 2022, 4:50 PM USDP -0.70% HOUSTON, January 18, 2022--(BUSINESS WIRE)--USD Partners LP (NYSE:USDP) (the "Partnership") announced it has entered into a five-year Terminal Services Agreement with a minimum monthly throughput commitment with a major ethanol producer at its West Colton, CA terminal, effective January 1, 2022. This contract replaces an existing short-term contract at the terminal and is expected to add incremental Net Cash from Operating Activities and Adjusted EBITDA of approximately $1.0 million to $1.5 million per year, subject to changes in expected throughput.Additionally, the Partnership has commenced renewable diesel operations at its West Colton Terminal and the previously announced five-year Terminal Services Agreement with USD Clean Fuels LLC ("USDCF") became effective December 1, 2021. As previously stated, this agreement is supported by a minimum throughput commitment to USDCF from an investment-grade rated, refining customer as well as a performance guaranty from US Development Group, LLC, the Partnership’s sponsor. ---------- Comment: USDP, previously, has been a non-performing asset with a 4star rating.... Disclosure: Some of us continue to maintain a low risk position (0-2%) in USDP.... Live Long and Prosper....
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Post by xray on Jan 26, 2022 21:39:18 GMT
Business Wire USD Partners Announces Quarterly Distribution Increase and Its Fourth Quarter 2021 and Full Year 2021 Earnings Release Date
Wed, January 26, 2022, 4:24 PM
USDP -2.62%
HOUSTON, January 26, 2022--(BUSINESS WIRE)--USD Partners LP (NYSE: USDP) (the "Partnership") announced today that the Board of Directors of its general partner declared a quarterly cash distribution of $0.121 per unit for the fourth quarter of 2021 ($0.484 per unit on an annualized basis), representing an increase of $0.0025 per unit, or 2.1% over the distribution declared for the third quarter of 2021. The quarterly increase is in-line with management’s previously stated guidance. The distribution is payable on February 18, 2022, to unitholders of record at the close of business on February 9, 2022.
Fourth Quarter 2021 Earnings Release Date and Conference Call Information
The Partnership plans to report fourth quarter 2021 and full-year 2021 financial and operating results after market close on Wednesday, March 2, 2022. The Partnership will host a conference call and webcast regarding fourth quarter 2021 results at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) on Thursday, March 3, 2022.
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Live Long and Prosper....
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Post by xray on Jan 27, 2022 21:22:54 GMT
Top Dividend Stocks for February 2022 NLY, AGNC, NRZ, TFSL, and GLPI are top by forward dividend yield By NATHAN REIFF Updated January 27, 2022
Dividend stocks are companies that pay out a portion of their earnings to a class of shareholders on a regular basis. These companies usually are well established, with stable earnings and a long track record of distributing some of those earnings back to shareholders. The distributions are known as dividends and may be paid out in the form of cash or as additional stock. Most dividends are paid out on a quarterly basis, but some are paid out monthly, annually, or even once in the form of a special dividend. While dividend stocks are known for the regularity of their dividend payments, in difficult economic times, those dividends may be cut to preserve cash.
One useful measure for investors to gauge the sustainability of a company's dividend payments is the dividend payout ratio. The ratio is a measure of total dividends divided by net income, which tells investors how much of the company's net income is being returned to shareholders in the form of dividends versus how much the company is retaining to invest in further growth. If the ratio exceeds 100% or is negative (meaning net income is negative), this indicates the company may be borrowing to pay dividends. In these two cases, the dividends are at a relatively greater risk of being cut.
Below, we look at the top five dividend stocks in the Russell 1000 by forward dividend yield, excluding companies with payout ratios that are either negative or in excess of 100%. Dividend stocks, as measured by the S&P 500 Dividend Aristocrats Index, have outperformed the broader equity market. The index has provided a total return of 18.1% over the past year, above the Russell 1000's total return of 11.7%.1 Only one of the dividend stocks below has outperformed the broader market. These market performance numbers and all statistics below are as of Jan. 26, 2022.
Annaly Capital Management is a diversified capital management company that invests in and finances residential and commercial assets. Its investments include agency mortgage-backed securities (MBS), residential real estate, and middle market lending. The company has about $94 billion in total assets.2 On Dec. 14, Annaly Capital announced it had promoted Ilker Ertas to chief investment officer, effective immediately. Ertas will oversee all of Annaly’s investment strategies including capital allocation, growth initiatives, and overall portfolio operations. He was previously Annaly's head of securitized products.3
Annaly Capital Management Inc. (NLY) Forward dividend yield: 11.38% Payout ratio: 47.6% Price: $7.73 Market cap: $11.2 billion 1-year total return: 1.8%1 Annaly Capital Management is a diversified capital management company that invests in and finances residential and commercial assets. Its investments include agency mortgage-backed securities (MBS), residential real estate, and middle market lending. The company has about $94 billion in total assets.2 On Dec. 14, Annaly Capital announced it had promoted Ilker Ertas to chief investment officer, effective immediately. Ertas will oversee all of Annaly’s investment strategies including capital allocation, growth initiatives, and overall portfolio operations. He was previously Annaly's head of securitized products.3
AGNC Investment Corp. (AGNC) Forward dividend yield: 9.60% Payout ratio: 56.0% Price: $15.00 Market cap: $7.9 billion 1-year total return: 0.8%1 AGNC Investment is an internally-managed mortgage real estate investment trust (REIT) that primarily invests in agency MBS on a leveraged basis. It finances its holdings through collateralized borrowings structured as repurchase agreements (repos).4 The company declared a monthly common stock dividend of $0.12 for January 2022. The dividend is payable on Feb. 9 to shareholders of record as of Jan. 31, 2022.5
New Residential Investment Corp. (NRZ) Forward Dividend Yield: 8.55% Payout Ratio: 56.4% Price: $10.53 Market Cap: $4.9 billion 1-Year Total Return: 16.4%1 New Residential Investment is a mortgage REIT. It provides capital and services to the mortgage and financial services industries. The company invests in assets with stable, long-term cash flows. Its investment portfolio includes mortgage servicing-related assets, non-agency securities, residential loans, and other related investments.6 On Dec. 20, New Residential Investment announced that it had completed the acquisition of business purpose lender Genesis Capital LLC and a related loan portfolio. At the time of the announcement, Genesis was expected to originate roughly $2 billion of loans in 2021. The acquisition is expected to help Genesis to accelerate its growth in the U.S. housing market, especially in the build-to-rent space sector. The terms of the acquisition were not disclosed.7
TFS Financial Corp. (TFSL) Forward dividend yield: 6.38% Payout ratio: 69.9% Price: $17.71 Market cap: $5.0 billion 1-year total return: -2.5%1 TFS Financial is a federally chartered stock holding company that conducts its principal activities through its wholly owned subsidiaries. It offers retail consumer banking services, including mortgage lending, deposit gathering, and other types of financial services. It had total consolidated assets of $14.1 billion as of Sept. 30, 2021.8 Gaming and Leisure Properties Inc. (GLPI) Forward dividend yield: 6.20% Payout ratio: 84.9% Price: $43.25 Market cap: $10.3 billion 1-year total return: 11.8%1 Gaming and Leisure Properties owns and leases casinos and entertainment facilities. It has a portfolio of 51 gaming and related assets in 17 states.9 The company most recent reported results for Q3 2021, ended Sept. 30. Net income grew by 17.3% year-over-year (YOY) while total revenue declined by 2.9%. The company's net income for the quarter benefited from the sale of Hollywood Casino Perryville operations in July 2021.10
Gaming and Leisure Properties Inc. (GLPI) Forward dividend yield: 6.20% Payout ratio: 84.9% Price: $43.25 Market cap: $10.3 billion 1-year total return: 11.8%1 Gaming and Leisure Properties owns and leases casinos and entertainment facilities. It has a portfolio of 51 gaming and related assets in 17 states.9 The company most recent reported results for Q3 2021, ended Sept. 30. Net income grew by 17.3% year-over-year (YOY) while total revenue declined by 2.9%. The company's net income for the quarter benefited from the sale of Hollywood Casino Perryville operations in July 2021.10
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Live Long and Prosper....
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Post by richardsok on Jan 28, 2022 1:17:26 GMT
X --
Would agree with your Mr. Rieff favorable toward NLY AGNC GLPI and NRZ.
TipRanks scores them 9 9 8 and 7 respectively.
But GLPI only at 4. Bears a deeper look, I'd say.
Also must remark that all five stocks are now in bearish trajectories -- some trends more established than others.
My best-remembered lesson from 2008: holding a falling stock for its yield is a mistake.
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Post by xray on Feb 3, 2022 17:13:00 GMT
Zacks Is a Surprise Coming for New Residential Investment (NRZ) This Earnings Season? Zacks Equity Research Thu, February 3, 2022, 8:30 AM
Investors are always looking for stocks that are poised to beat at earnings season and New Residential Investment Corp. NRZ may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.
That is because New Residential Investment is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for NRZ in this report.
In fact, the Most Accurate Estimate for the current quarter is currently at 39 cents per share for NRZ, compared to a broader Zacks Consensus Estimate of 38 cents per share. This suggests that analysts have very recently bumped up their estimates for NRZ, giving the stock a Zacks Earnings ESP of +2.63% heading into earnings season.
Why is this Important?
A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10-year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here).
Given that NRZ has a Zacks Rank #3 and an ESP in positive territory, investors might want to consider this stock ahead of earnings.
Clearly, recent earnings estimate revisions suggest that good things are ahead for New Residential Investment, and that a beat might be in the cards for the upcoming report.
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Comment: Current analysis data (COB Friday) shows NRZ with a 8star rating (same as previous week) with a current report card of 92 and a power rating of 96. Overall analysis data rating is currently +399 (need >+341). Current Rf (risk factor to portfolio) is +0.033 (need >+0.206) with a portfolio sell code signal of "1" (low risk)....
Disclosure: Some of us continue to hold a phase #4 ("HIGH RISK LEVEL") position in NRZ....
Live Long and Prosper....
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Post by xray on Feb 7, 2022 23:18:43 GMT
Insider Monkey Were Expert Investors Right About Two Harbors Investment Corp (TWO)?Asma UL Husna Mon, February 7, 2022, 2:03 PM TWO-PA +0.04% The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 867 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds' and investors' portfolio positions as of September 30th. Hedge funds' consensus stock picks performed spectacularly over the last 3 years, but 2022 hasn't been kind to hedge funds. In this article we look at how hedge funds traded Two Harbors Investment Corp (NYSE:TWO) and determine whether the smart money was really smart about this stock. Two Harbors Investment Corp (NYSE:TWO) was in 31 hedge funds' portfolios at the end of September. The all time high for this statistic is 32. TWO has seen an increase in support from the world's most elite money managers lately. There were 30 hedge funds in our database with TWO holdings at the end of June. Our calculations also showed that TWO isn't among the 30 most popular stocks among hedge funds (click for Q3 rankings). At Insider Monkey, we scour multiple sources to uncover the next great investment idea. For example, lithium prices have more than doubled over the past year, so we go through lists like the 10 best EV stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. With all of this in mind we're going to analyze the latest hedge fund action surrounding Two Harbors Investment Corp (NYSE:TWO). Jeffrey Tannenbaum of Fir Tree Do Hedge Funds Think TWO Is A Good Stock To Buy Now? At Q3's end, a total of 31 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of 3% from the previous quarter. By comparison, 17 hedge funds held shares or bullish call options in TWO a year ago. With hedge funds' positions undergoing their usual ebb and flow, there exists a select group of key hedge fund managers who were boosting their stakes meaningfully (or already accumulated large positions). According to publicly available hedge fund and institutional investor holdings data compiled by Insider Monkey, John Overdeck and David Siegel's Two Sigma Advisors has the largest position in Two Harbors Investment Corp (NYSE:TWO), worth close to $28 million, comprising 0.1% of its total 13F portfolio. On Two Sigma Advisors's heels is Sculptor Capital, led by Jimmy Levin, holding a $17.5 million position; 0.1% of its 13F portfolio is allocated to the company. Remaining professional money managers with similar optimism consist of Ken Griffin's Citadel Investment Group, Jeffrey Tannenbaum's Fir Tree and Paul Glazer's Glazer Capital. In terms of the portfolio weights assigned to each position Centiva Capital allocated the biggest weight to Two Harbors Investment Corp (NYSE:TWO), around 0.62% of its 13F portfolio. Fir Tree is also relatively very bullish on the stock, designating 0.37 percent of its 13F equity portfolio to TWO. As industrywide interest jumped, key hedge funds were leading the bulls' herd. Millennium Management, managed by Israel Englander, created the largest position in Two Harbors Investment Corp (NYSE:TWO). Millennium Management had $1.9 million invested in the company at the end of the quarter. Andy Redleaf's Whitebox Advisors also made a $0.5 million investment in the stock during the quarter. The following funds were also among the new TWO investors: D. E. Shaw's D E Shaw, Andrew Weiss's Weiss Asset Management, and Donald Sussman's Paloma Partners. Let's now take a look at hedge fund activity in other stocks similar to Two Harbors Investment Corp (NYSE:TWO). These stocks are Oasis Petroleum Inc. (NASDAQ:OAS), 1-800-FLOWERS.COM, Inc. (NASDAQ:FLWS), Equinox Gold Corp. (NYSE:EQX), HUYA Inc. (NYSE:HUYA), Columbia Financial, Inc. (NASDAQ:CLBK), Stagwell Inc. (NASDAQ:STGW), and Latham Group Inc. (NASDAQ:SWIM). All of these stocks' market caps resemble TWO's market cap. As you can see these stocks had an average of 13 hedge funds with bullish positions and the average amount invested in these stocks was $85 million. That figure was $156 million in TWO's case. Oasis Petroleum Inc. (NASDAQ:OAS) is the most popular stock in this table. On the other hand Columbia Financial, Inc. (NASDAQ:CLBK) is the least popular one with only 10 bullish hedge fund positions. Compared to these stocks Two Harbors Investment Corp (NYSE:TWO) is more popular among hedge funds. Our overall hedge fund sentiment score for TWO is 85.1. Stocks with higher number of hedge fund positions relative to other stocks as well as relative to their historical range receive a higher sentiment score. Our calculations showed that top 5 most popular stocks among hedge funds returned 95.8% in 2019 and 2020, and outperformed the S&P 500 ETF (SPY) by 40 percentage points. These stocks gained 29.6% in 2021 and still beat the market by 3.6 percentage points. Unfortunately, TWO wasn't nearly as popular as these 5 stocks and hedge funds that were betting on TWO were disappointed as the stock returned -6.7% since the end of the third quarter (through 1/31) and underperformed the market. ---------- Live Long and Prosper....
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Post by xray on Feb 8, 2022 17:06:34 GMT
Business Wire New Residential Investment Corp. Announces Fourth Quarter and Full Year 2021 ResultsTue, February 8, 2022, 6:30 AM In this article: NRZ +7.19% NRZ-PA +0.59% NRZ-PB +0.58% NRZ-PC +0.68% NRZ-PD +0.53% NEW YORK, February 08, 2022--(BUSINESS WIRE)--New Residential Investment Corp. (NYSE: NRZ; "New Residential" or the "Company") today reported the following information for the fourth quarter and full year ended December 31, 2021: Fourth Quarter 2021 Financial Highlights: GAAP net income of $160.4 million, or $0.33 per diluted common share(1) Core earnings of $191.9 million, or $0.40 per diluted common share(1)(2) Common dividend of $116.7 million, or $0.25 per common share Book value per common share of $11.44(1) Full Year 2021 Financial Highlights: GAAP net income of $705.5 million, or $1.51 per diluted common share(1) Core earnings of $693.2 million, or $1.48 per diluted common share(1)(2) Common dividend of $409.6 million, or $0.90 per common share Fourth Quarter 2021 Company Highlights: Corporate Highlights Closed acquisition of Genesis Capital LLC ("Genesis")New Residential completed its previously announced acquisition of Genesis, a finance company specializing in providing loans to developers of new construction, fix and flip and rental hold projects. New Residential’s results for the fourth quarter and full year include the financial results of Genesis beginning on December 20, 2021 OriginationSegment pre-tax income of $101.5 million (down from $177.5 million in Q3)(3) Quarterly origination funded production of $38.1 billion in unpaid principal balance ("UPB") (up 10% QoQ) Total gain on sale margin of 1.65% for the fourth quarter of 2021 compared to 1.61% for the third quarter of 2021 ServicingSegment pre-tax income of $127.5 million (up from $15.0 million in Q3) Servicing portfolio grew to $483 billion in UPB (up 1.5% QoQ) Acquired approximately $908 million of early buyout ("EBO") loans and redelivered $868 million of EBO loans for gains of approximately $31 million MSRs and Servicer Advances MSR portfolio totaled approximately $629 billion UPB at December 31, 2021 compared to $635 billion UPB at September 30, 2021(4) Servicer advance balances of $3.3 billion as of December 31, 2021, effectively unchanged from September 30, 2021 Priced one MSR debt securitization for $567 million Residential Securities and Call RightsCalled non-agency collateral of $474 million UPB(5) Residential Loans and Properties Priced one securitization representing approximately $500 million UPB of collateral Acquired $196 million of Non-QM and Investor Loans Grew single-family rental portfolio by approximately 675 units First Quarter 2022 Commentary(6) Estimated Q1’22 Funded Origination Volume of approximately $25 billion to $30 billion UPB(7) Estimated Q1’22 Servicing Portfolio UPB of approximately $490 billion to $500 billion UPB(7) (1) Per common share calculations for both GAAP Net Income and Core Earnings are based on 485,381,890 and 482,282,695 weighted average diluted shares for the quarter ended December 31, 2021 and September 30, 2021, respectively. Per common share calculations for both GAAP Net Income and Core Earnings are based on 467,665,006 and 415,513,187 weighted average diluted shares for the year ended December 31, 2021 and 2020, respectively. Per share calculations of Book Value are based on 466,758,266 and 414,744,518 basic shares outstanding as of December 31, 2021 and 2020, respectively. (2) Core Earnings is a non-GAAP financial measure. For a reconciliation of Core Earnings to GAAP Net Income, as well as an explanation of this measure, please refer to Non-GAAP Measures and Reconciliation to GAAP Net Income below. (3) Includes noncontrolling interests. (4) Includes excess and full MSRs. (5) Call rights UPB estimated as of December 31, 2021. The UPB of the loans relating to our call rights may be materially lower than the estimates in this release, and there can be no assurance that we will be able to execute on this pipeline of callable deals in the near term, on the timeline presented above, or at all, or that callable deals will be economically favorable. The economic returns from this strategy could be adversely affected by a rise in interest rates and are contingent on the level of delinquencies and outstanding advances in each transaction, fair market value of the related collateral and other economic factors and market conditions. We may become subject to claims and legal proceedings, including purported class-actions, in the ordinary course of our business, challenging our right to exercise these call rights and, as a result, we may not be able to exercise such rights on favorable terms or at all. Call rights are usually exercisable when current loan balances in a related portfolio are equal to, or lower than, 10% of their original balance. (6) Based on management’s current views and estimates, and actual results may vary materially. (7) Q1’22 estimates for Funded Origination Volume reflect origination activity based on estimated full quarter production volumes for the first quarter 2022. Q1’22 estimates for Servicing Portfolio reflect servicing portfolio based on quarter-end (3/31/22) estimated portfolio size. ADDITIONAL INFORMATION For additional information that management believes to be useful for investors, please refer to the latest presentation posted on the Investor Relations section of the Company’s website, www.newresi.com. For consolidated investment portfolio information, please refer to the Company’s most recent Quarterly Report on Form 10-Q or Annual Report on Form 10-K, which are available on the Company’s website, www.newresi.com. EARNINGS CONFERENCE CALLNew Residential’s management will host a conference call on Tuesday, February 8, 2022 at 8:00 A.M. Eastern Time. A copy of the earnings release will be posted to the Investor Relations section of New Residential’s website, www.newresi.com. All interested parties are welcome to participate on the live call. The conference call may be accessed by dialing 1-833-974-2382 (from within the U.S.) or 1-412-317-5787 (from outside of the U.S.) ten minutes prior to the scheduled start of the call; please reference "New Residential Fourth Quarter and Full Year 2021 Earnings Call." In addition, participants are encouraged to pre-register for the conference call at dpregister.com/sreg/10163201/f0d676f592. A simultaneous webcast of the conference call will be available to the public on a listen-only basis at www.newresi.com. Please allow extra time prior to the call to visit the website and download any necessary software required to listen to the internet broadcast. A telephonic replay of the conference call will also be available two hours following the call’s completion through 11:59 P.M. Eastern Time on Tuesday, February 15, 2022 by dialing 1-877-344-7529 (from within the U.S.) or 1-412-317-0088 (from outside of the U.S.); please reference access code "5397345." ---------- Comment: Not bad for a penny stock. Expect a dividend hike this year.... Live Long and Prosper....
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Post by xray on Feb 8, 2022 17:49:30 GMT
Zacks New Residential Investment (NRZ) Q4 Earnings and Revenues Surpass Estimates
Zacks Equity Research Tue, February 8, 2022, 7:45 AM
NRZ-PC +0.68%
New Residential Investment (NRZ) came out with quarterly earnings of $0.40 per share, beating the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.32 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 5.26%. A quarter ago, it was expected that this real estate investment trust would post earnings of $0.35 per share when it actually produced earnings of $0.44, delivering a surprise of 25.71%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
New Residential Investment , which belongs to the Zacks REIT and Equity Trust industry, posted revenues of $217.56 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 2.91%. This compares to year-ago revenues of $113.44 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
New Residential Investment shares have lost about 4.8% since the beginning of the year versus the S&P 500's decline of -5.9%.
What's Next for New Residential Investment?
While New Residential Investment has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for New Residential Investment: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.40 on $207.6 million in revenues for the coming quarter and $1.69 on $844.45 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, REIT and Equity Trust is currently in the top 39% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
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Live Long and Prosper....
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Post by xray on Feb 9, 2022 21:46:11 GMT
Business Wire Two Harbors Investment Corp. Reports Fourth Quarter 2021 Financial Results
Wed, February 9, 2022, 4:17 PM TWO 0.00% TWO-PA +1.14% TWO-PB +0.16%
Overall Performance Driven by Spread Widening
NEW YORK, February 09, 2022--(BUSINESS WIRE)--Two Harbors Investment Corp. (NYSE: TWO), an Agency + MSR mortgage real estate investment trust (REIT), today announced its financial results for the quarter ended December 31, 2021.
Quarterly Summary
Reported book value of $5.87 per common share, representing a (5.6)% quarterly return on book value(1) Generated Comprehensive Loss of $128.6 million, representing an annualized return on average common equity of (24.7)% Reported Earnings Available for Distribution (EAD) of $73.3 million, or $0.22 per weighted average basic common share(2) Declared a fourth quarter common stock dividend of $0.17 per share Continued strength in mortgage servicing rights (MSR) flow sale program, which offset impact of fast prepayment speeds
Annual Summary
Returned total dividends of $0.68 per common share, equivalent to an average dividend yield of 10%(3) Reported book value of $5.87 per common share compared to $7.63 at December 31, 2020, representing a (14.2)% return on book value Acquired $88.3 billion unpaid principal balance (UPB) of MSR through flow and bulk channels Optimized liability and capital structure Issued $287.5 million principal amount of 5-year convertible senior notes due 2026. Repurchased and retired $144 million principal amount of convertible senior notes due 2022 Redeemed $75 million Series D and $200 million Series E preferred shares Issued 70 million of common shares for net proceeds of approximately $450 million
Post-Quarter End Update
Settled on $17 billion UPB of MSR through bulk channel Expect to settle on additional commitments of $22 billion UPB of MSR through bulk transactions in the first quarter of 2022 Redeemed $144 million of convertible notes that matured in January 2022
"Our portfolio performance was impacted by spread widening and higher volatility during the fourth quarter. While the investment environment for RMBS was challenging, we capitalized on opportunities to purchase MSR at attractive levels." stated Bill Greenberg, Two Harbors’ President, Chief Executive Officer and Chief Investment Officer. "With the Federal Reserve firmly on the path of quantitative tightening, we are well-positioned to deploy capital into a more constructive investing environment and are optimistic about the forward outlook for Two Harbors and our paired Agency + MSR strategy."
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Comment: Book Value dropped from 6.40 (last reported) to 5.87 ($-0.53).... Disclosure: Maintaining 1% in current portfolio at this time....
Live Long and Prosper....
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Post by xray on Mar 3, 2022 21:47:08 GMT
Business Wire USD Partners LP Announces Fourth Quarter and Full Year 2021 Results
Wed, March 2, 2022, 4:24 PM
HOUSTON, March 02, 2022--(BUSINESS WIRE)--USD Partners LP (NYSE: USDP) (the "Partnership") announced today its operating and financial results for the three months and year ended December 31, 2021. Financial highlights with respect to the fourth quarter of 2021 include the following:
Generated Net Cash Provided by Operating Activities of $9.4 million, Adjusted EBITDA(1) of $11.9 million and Distributable Cash Flow(1) of $10.7 million. Reported Net Income of $3.6 million Declared a quarterly cash distribution of $0.121 per unit ($0.484 per unit on an annualized basis) with approximately 3.2x Distributable Cash Flow Coverage(2)
"2021 was a momentous year for the Partnership as well as for our Sponsor. During the year, we announced a five-year renewable diesel throughput agreement underpinned by an investment-grade rated, refining customer at the Partnership’s West Colton Terminal; formed USD Clean Fuels LLC, a subsidiary of our Sponsor to focus on providing production and logistics solutions to the growing market for clean energy transportation fuels; and declared the DRU to be fully operational and commenced shipment of DRUbit™ by Rail™," said Dan Borgen, the Partnership’s Chief Executive Officer. "As mentioned previously, our DRUbit™ by Rail™ network has already enhanced the sustainability and quality of the Partnership’s cash flows by significantly increasing the tenor of approximately 32% of the Hardisty terminal’s capacity, through 2031. In addition, our DRUbit™ by Rail™ network provides the safest transportation and environmental benefits to our customers, as well as increased market access and additional jobs along the rail routes."
"We hope to continue our momentum in 2022 and are very encouraged about the future as we engage with our customers regarding the next phase of USD’s growth, which could include a second DRU customer commitment, resulting in additional longer-term commitments at the Partnership’s Hardisty rail terminal," added Mr. Borgen. "Based on this momentum, management intends to recommend to the Board of Directors of its general partner to remain on its current growth trajectory of increasing its quarterly cash distribution per unit by an additional $0.0025 per quarter for the first, second, third and fourth quarters in 2022."
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Comment: USDP has a 5star "neutral" rating currently.... Disclosure: Some of us are currently maintaining a maximum allowable (by RISK assessment) position in USDP....
Live Long and Prosper....
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Post by richardsok on Mar 3, 2022 22:17:46 GMT
Posts are appreciated, x.
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Post by xray on Mar 4, 2022 21:02:17 GMT
richardsok, Your: Posts are appreciated, x. --------- Thanks, at least someone may be reading them (and getting something out of them).... Have a "GREAT" weekend (in a very difficult market).... Live Long and Prosper....
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Post by xray on Mar 7, 2022 12:06:17 GMT
Another look at KYN:
KYN is a "Penny Stock" (<$10) as all of us are well aware of. KYN closed last week with a NAV of 10.53 (up +0.65 in NAV). Highly unusual in a volatile market where penny stocks (at best) are slightly lower than the normal NAV's. MktPrc wise, KYN increased their MktPrc to 8.84 from 8.42. KYN appears to be on a trend to be eliminated from penny status (>$10 in both MktPrc and NAV)....
Looking at their current numb3rs (COB Friday):
-MktPrc: 8.84 -MktPrc trend: +6.74 (need >+2.55) -Star rating: 9Star (last 6-wk period) -Average Star rating for the last 13-wk period: 9Stars (0-10star rating system)
-Report card Grade: 90 (0-100 rating system) -Power Rating: 97 (# needs >+4 to the report card grade)
-Delta Computer analysis numb3rs: +36 (need >+26) -Weekly Analysis Total numb3rs: +351 (need >+269) -Total projection to total numb3rs: +761 (need >+587) -Total Chart YTT: +4.78 (need >+1.51)
-NAV: 10.53 -Total NAV change: +11.06 (need >+4.90) -Total Risk factor (Rf): +0.708 (need >+0.402)
-Current Dividend: 6.79% (need >9.00%) ... Paid Qtrly ($0.175) ... Last Dividend increase was July 2nd of 2021 (0.150 to 0.175/Qtr) -Dividend sustainability: +140 (need >+130) -Discount: -1.19 (need >-1.02) -MTB: +1.08 (need >+0.98)
-Intrinsic value currently: +1.26 (need >+0.00) -Intrinsic value Increase to date: +2.22 (need >+0.03)
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Disclosure: Some of us are currently maintaining our maximum allowable (Rf) position in KYN....
Live Long and Prosper....
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Post by xray on Mar 7, 2022 21:55:02 GMT
GlobeNewswire Kayne Anderson Energy Infrastructure Fund, Inc. Announces Completion of Merger with Fiduciary/Claymore Energy Infrastructure Fund Mon, March 7, 2022, 9:00 AM
HOUSTON, March 07, 2022 (GLOBE NEWSWIRE) -- Kayne Anderson Energy Infrastructure Fund, Inc. (the “Company”) (NYSE: KYN) announced today the completion of the merger with Fiduciary/Claymore Energy Infrastructure Fund (NYSE: FMO) with and into KYN.
FMO was merged with and into KYN, and FMO shareholders received newly issued common shares of KYN common stock in exchange for their shares of FMO, the aggregate net asset value (“NAV”) of which equal the aggregate NAV of FMO common shares, as determined at the close of business on March 4, 2022. The exchange rate was based on each company’s relative NAV per share as of March 4, 2022, as listed below:
Acquiring Company NAV per share Exchange Rate
Kayne Anderson Energy Infrastructure Fund, Inc. (KYN) $10.53354116 Acquired Company
Fiduciary/Claymore Energy Infrastructure Fund (FMO) $14.39114364 1.36622086
KYN’s post-merger total assets and NAV were approximately $2.0 billion and $1.4 billion, respectively. Its NAV per share was $10.53, with approximately 136.1 million shares outstanding.
Jim Baker, President, CEO, and Chairman of KYN, said, “We are pleased to complete this transaction. We believe it is in the best interests of our stockholders and is a tax-efficient way for FMO’s stockholders to continue investing in the energy infrastructure sector through KYN’s large and diversified portfolio. We continue to be optimistic about the outlook for energy infrastructure companies over the next few years.”
“As the largest closed-end fund focused on energy infrastructure investments, we believe KYN is a natural consolidator. Our investors should benefit from the potential cost savings that come with increased size and scale, enhanced trading liquidity, “best in class” access to the capital markets, and additional investment opportunities as we look to capitalize on the energy transition,” continued Mr. Baker.
“KYN’s investment focus - equity investments in North American energy infrastructure companies - and its investment objective - to provide a high after-tax total return with an emphasis on making cash distributions to stockholders - remain unchanged. KYN’s distribution policy, which considers net distributable income as well as realized and unrealized gains from KYN’s portfolio investments when determining KYN’s distribution, remains in place after completing this transaction,” concluded Mr. Baker.
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Live Long and Prosper....
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Post by alvinthechipmunk on Mar 9, 2022 5:39:58 GMT
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Post by xray on Mar 9, 2022 11:42:19 GMT
alvinthechipmunk. Your: TIIAY. Telecom Italia ADR 4.33% yield. -47% discount (Morningstar.) -57% discount (Simply Wall Street.) But Barron's has a HOLD rating on it. Barron's shows a Div. Yield of 3.21. Still not bad.
ADR's, as a penny stock investment (in a volatile market that has been heading lower) is not something that some of us would look at currently IMHO. There are a lot of US (start up) penny stocks out there to look at and analyze. This particular penny stock, currently, would not be something to look at to buy as a income oriented investor looking for both "increasing" dividends and CapGains (in the penny stock world).... One single opinion of the many I am sure....
Live Long and Prosper....
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Post by richardsok on Mar 9, 2022 12:01:14 GMT
Moody just downgraded TIAAY debt. Wouldn't count on that dividend. Hard to imagine Italians no longer compulsively chatting on their cellies, though.
Indelible memory from my first trip to Siena. My wife and I were slowly wandering in the old city when we happened to see some middle-aged housewife leaning out her window about four stories up, chatting on a cell phone and gesturing --- obviously to another housewife about five houses down on the same level, who was also leaning out her window, chatting and gesturing. It was clear these two were talking to each other. My wife thought, for twenty centuries these two would have been shouting to each other, but now they're high tech Italian ancients.
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Post by xray on Mar 10, 2022 10:38:18 GMT
Eagle Point Credit Company Inc. (NYSE:ECC) Number of Hedge Fund Holders: 1 Dividend Yield as of March 7: 10.27%
Eagle Point Credit Company Inc. (NYSE:ECC) is a Greenwich-based specialist asset manager that employs income-oriented strategies in inefficient markets on behalf of institutional, high net worth, and retail investors. The company deals in collateralized loan obligations, senior secured loans, and portfolio debt securities. The stock gained 19% over the past year, and the company’s dividend yield on March 7 came in at 10.27%.
According to Insider Monkey’s Q4 database, 1 hedge fund holds stakes worth $589,000 in Eagle Point Credit Company Inc. (NYSE:ECC), compared to the same in the previous quarter worth $573,000.
On February 14, Eagle Point Credit Company Inc. (NYSE:ECC) declared a $0.14 per share monthly dividend, a 17% increase from its prior dividend of $0.12. The dividend will be on April 29, for shareholders of record on April 11.
Eagle Point Credit Company Inc. (NYSE:ECC) fourth quarter results on February 17 reflected strong recurring cash flows in its portfolio. The company received $47.8 million of recurring cash distributions from its investment portfolio.
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Live Long and Prosper....
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Post by xray on Mar 15, 2022 14:50:37 GMT
Zacks New Residential Investment (NRZ) Stock Moves -0.29%: What You Should Know
Zacks Equity Research Mon, March 14, 2022, 6:15 PM
New Residential Investment (NRZ) closed the most recent trading day at $10.22, moving -0.29% from the previous trading session. This change was narrower than the S&P 500's 0.74% loss on the day.
Prior to today's trading, shares of the real estate investment trust had lost 3.12% over the past month. This has was narrower than the Finance sector's loss of 6.55% and the S&P 500's loss of 4.6% in that time.
Investors will be hoping for strength from New Residential Investment as it approaches its next earnings release. On that day, New Residential Investment is projected to report earnings of $0.39 per share, which would represent year-over-year growth of 14.71%. Our most recent consensus estimate is calling for quarterly revenue of $229.05 million, up 69.88% from the year-ago period.
NRZ's full-year Zacks Consensus Estimates are calling for earnings of $1.59 per share and revenue of $936.1 million. These results would represent year-over-year changes of +7.43% and +35.64%, respectively.
It is also important to note the recent changes to analyst estimates for New Residential Investment. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 5.91% lower within the past month. New Residential Investment is currently a Zacks Rank #4 (Sell).
In terms of valuation, New Residential Investment is currently trading at a Forward P/E ratio of 6.43. This valuation marks a discount compared to its industry's average Forward P/E of 8.73.
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Comment: Negative "short term" news from Zacks but the numb3rs still look good for income investment (longer term).... Looking at the current numb3rs COB Friday: 10star rating (9.17stars last 13-wk period), Report card of 92 with a power rating of 99, Projected short term Report card is 95, with last weeks analysis scoring of +348 (need >+261), with a current dividend of 9.76%, @ discount with a +1.06 {need >+1.03)....
Disclosure: Some of us continuing to maintain our current maximum allowable (RISK allowable) position....
Live Long and Prosper....
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Post by xray on Mar 18, 2022 21:08:10 GMT
Insider Monkey Best MLP Dividend Stocks To Buy Hamna Asim Fri, March 18, 2022, 9:24 AM
A master limited partnership (MLP) is a type of business enterprise that enjoys the tax concessions of a private partnership and the liquidity benefits of a publicly traded company. General partners of MLPs actively manage the companies and oversee operations, whereas shareholders are the limited partners of these entities.
MLPs are often found in the energy sector, such as oil and gas storage, pipeline transportation, and energy infrastructure companies. These businesses offer high yields to shareholders, which makes them attractive investments, especially during the current inflationary environment where dividends are an effective hedge.
With Brent crude oil prices hitting a 13-year high and crossing $130 per barrel amid Western sanctions on Russian energy, the demand for American oil and gas companies has exorbitantly increased, as well as their pricing power.
MLPs are tax-advantaged securities, which is why retail investors, retirees, and institutional investors alike gravitate towards them. In the booming oil market, where Occidental Petroleum Corporation (NYSE:OXY), Exxon Mobil Corporation (NYSE:XOM), and Shell plc (NYSE:SHEL) are in focus, attention is shifting to master limited partnerships for their attractive dividends, which are supported by the favorable market.
Our Methodology
After a careful assessment of the energy MLP universe, we picked stocks with high yields, growth prospects, and positive analyst ratings. Data from the exclusive group of 900+ elite hedge funds tracked by Insider Monkey that filed 13Fs for the Q4 2021 reporting period was used to gauge the hedge fund sentiment around the stocks.
Best MLP Dividend Stocks To Buy USD Partners LP (NYSE:USDP)
Number of Hedge Fund Holders: 1 Dividend Yield as of March 15: 8.90%
USD Partners LP (NYSE:USDP) is a Texas-based company that develops and manages midstream energy infrastructure assets. The company is also a provider of transportation for energy-related products like crude oil and biofuels, operating across the United States and Canada.
On January 26, USD Partners LP (NYSE:USDP) announced a per share quarterly dividend of $0.121, a 2.1% increase from its prior dividend of $0.118. The dividend was distributed on February 18, for shareholders of record on February 9. USD Partners LP (NYSE:USDP)’s dividend yield came in at 8.90% on March 15.
Although USD Partners LP (NYSE:USDP) is a relatively small company, given the market cap barely exceeds $150 million, it is a smart play given upcoming growth catalysts. On January 18, the company announced its five-year contract with a key ethanol producer, which will increase incremental net cash by roughly $1 million and adjusted EBITDA by $1.5 million on an annual basis. USD Partners LP (NYSE:USDP) is also involved in renewable diesel operations through this contract, which could result in gains as the industry shifts to renewable energy given the Russia-Ukraine war and resultant oil crisis.
According to the fourth quarter database of Insider Monkey, Arrowstreet Capital owns 15,307 shares of USD Partners LP (NYSE:USDP), worth $81,000.
In addition to Occidental Petroleum Corporation (NYSE:OXY), Exxon Mobil Corporation (NYSE:XOM), and Shell plc (NYSE:SHEL), USD Partners LP (NYSE:USDP) is a notable income stock from the energy sector.
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Disclosure: Some of us continue to maintain a maximum (risk related allocation) of 6% OF PORTFOLIO....
Live Long and Prosper....
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Post by xray on Mar 18, 2022 21:35:34 GMT
NRZ
As of 11:59pm ET March 18th, 2022 Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction Volume or Value Price Mar 17/22 Mar 17/22 Nierenberg Michael Direct Ownership Stock Option (right to buy) A - Grant, award or other under Rule 16b-3(d) Footnote and/or Remark 3,567 Mar 17/22 Mar 17/22 Nierenberg Michael Direct Ownership Stock Option (right to buy) A - Grant, award or other under Rule 16b-3(d) Footnote and/or Remark 32,000 Mar 17/22 Mar 17/22 Nierenberg Michael Direct Ownership Stock Option (right to buy) A - Grant, award or other under Rule 16b-3(d) Footnote and/or Remark 340,000 Mar 17/22 Mar 17/22 Nierenberg Michael Direct Ownership Stock Option (right to buy) A - Grant, award or other under Rule 16b-3(d) Footnote and/or Remark 1,034,500
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Comment: When insiders buy into buy options at the extent above, we should pay attention and do our analysis homework.... Disclosure: Some of us currently maintaining maximum (risk allocation) of 6%of portfolio....
Live Long and Prosper....
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Post by xray on Mar 22, 2022 10:08:26 GMT
Business Wire New Residential Investment Corp. Declares First Quarter 2022 Common and Preferred Dividends
Mon, March 21, 2022, 4:15 PM
NEW YORK, March 21, 2022--(BUSINESS WIRE)--New Residential Investment Corp. (NYSE:NRZ, "New Residential" or the "Company") announced today that its Board of Directors (the "Board") has declared first quarter 2022 common and preferred stock dividends.
Common Stock Dividend The Board declared a quarterly dividend of $0.25 per share of common stock for the first quarter 2022. The first quarter common stock dividend is payable on April 29, 2022 to shareholders of record on April 4, 2022.
Preferred Stock Dividends In accordance with the terms of New Residential’s 7.50% Series A Cumulative Redeemable Preferred Stock ("Series A"), the Board declared a Series A dividend for the first quarter 2022 of $0.4687500 per share.
In accordance with the terms of New Residential’s 7.125% Series B Cumulative Redeemable Preferred Stock ("Series B"), the Board declared a Series B dividend for the first quarter 2022 of $0.4453125 per share.
In accordance with the terms of New Residential’s 6.375% Series C Cumulative Redeemable Preferred Stock ("Series C"), the Board declared a Series C dividend for the first quarter 2022 of $0.3984375 per share.
In accordance with the terms of New Residential’s 7.00% Series D Fixed-Rate Reset Cumulative Redeemable Preferred Stock ("Series D"), the Board declared a Series D dividend for the first quarter 2022 of $0.4375000 per share.
Dividends for the Series A, Series B, Series C and Series D are payable on May 16, 2022 to preferred shareholders of record on April 18, 2022.
ABOUT NEW RESIDENTIAL
New Residential is a leading provider of capital and services to the mortgage and financial services industry. The Company’s mission is to generate attractive risk-adjusted returns in all interest rate environments through a complementary portfolio of investments and operating businesses. Since inception in 2013, New Residential has delivered over $3.9 billion in dividends to shareholders.
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Comment: NRZ currently has a Report card of 95 (power rating of 100), 10star last 3-wk period, total weekly scoring of 363 (need >+274). Portfolio sell code remains @ "0" with a Rf (risk factor) to portfolio holding of +0.411 (need >+0.308).... Disclosure: Some of us continue to maintain a maximum allowable (risk allocation) position in NRZ....
Live Long and Prosper....
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Post by xray on Mar 31, 2022 15:43:00 GMT
GlobeNewswire Kayne Anderson Energy Infrastructure Fund Announces Distribution of $0.20 per Share for Q1 2022 Wed, March 30, 2022, 7:00 PM In this article:
KYN +0.27%
HOUSTON, March 30, 2022 (GLOBE NEWSWIRE) -- Kayne Anderson Energy Infrastructure Fund, Inc. (the “Company”) (NYSE: KYN) announced today a quarterly distribution of $0.20 per share for the fiscal quarter ended February 28, 2022. This distribution, which is an increase of $0.025 per share over the prior distribution, is payable to common stockholders on April 19, 2022 (as outlined in the table below).
The Company’s management and its Board of Directors recognize that distributions are a significant part of the value proposition KYN provides its investors. Based on its closing price as of March 29, 2022, and quarterly distribution of $0.20 per share, KYN’s annualized distribution rate is 8.8%.
“One of management’s most important long-term goals is to provide KYN’s investors an attractive distribution, and I am very pleased to announce a 14% increase to the Company’s distribution. KYN’s portfolio investments have performed well over the last year, and we believe the outlook for energy infrastructure companies over the next year is very robust,” said Jim Baker, the Company’s Chairman, President and CEO.
“While we are pleased with KYN’s performance over the last 12 months, we are disappointed with how the Company’s stock price has traded relative to NAV over this time period. At current prices, KYN is trading at a 15.9% discount to NAV. While we continue to consider various alternatives to enhance stockholder value, we believe the most effective way to have a sustainable impact on this discount is to pay an attractive distribution and generate consistent returns. Further, we believe distribution increases are the most efficient way to reward our long-term investors,” concluded Mr. Baker.
Ex-Date 4/8/22 Record Date 4/11 Payment Date 4/19 Distribution Amount $0.20 Return of Capital Estimate(1) 80%
(1) The return of capital estimate is based on the Company’s anticipated earnings and profits. The final determination of the tax character of distributions may differ substantially from this preliminary information.
The Company expects its next distribution to be declared in June 2022. Payment of future distributions is subject to the Board of Directors’ approval, as well as meeting the covenants of the Company’s debt agreements and terms of its preferred stock.
Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) is a non-diversified, closed-end management investment company registered under the Investment Company Act of 1940, as amended, whose common stock is traded on the NYSE. The Company’s investment objective is to provide a high after-tax total return with an emphasis on making cash distributions to stockholders. KYN intends to achieve this objective by investing at least 80% of its total assets in securities of Energy Infrastructure Companies.
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Comment: 10star last 4-wk period with a report card of 97 (power rating of 100). KYN insider did a Sell/Buy cycle for 54,000sh @ 8.47 to lower their previous MkyBuyPrc.... Disclosure: Some of us continue to maintain a maximum allowable position in KYN. Rf risk factor for current portfolio's is +0.804 (Must be >+0.392) for current buying and maintaining in current portfolio's....
One single opinion of the many I am sure....
Live Long and Prosper....
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Post by xray on Apr 1, 2022 16:10:38 GMT
TipRanks Raymond James: Buy These Big Dividend Stocks With at Least 8% Yield TipRanks Fri, April 1, 2022, 9:38 AM In this article:
NRZ +0.37%
Measuring and gauging the stock market's value is key to an investor’s strategy. Right now, it’s clear that the market is in the midst of a shift, that last year’s sustained run of gains has ended, that this year, which started with sharp losses and increased volatility, will be something different.
Covering the market for investment firm Raymond James, strategist Tavis McCourt writes: “We are seeing a substantial rally in growth broadly in the last two weeks, and it is still unclear if this is just a reversion to the mean after severe value outperformance YTD... We’re not a big believer that growth can outperform value if rates keep going up, but we are also less certain that long term rates will keep going up than we were two months ago due to the commodity inflation unleashed.”
In short, McCourt is showing a preference for value right now, perhaps mildly, and for taking a defensive posture in the current environment. And that will lead us to dividend stocks. These are the stocks which will ensure a steady income no matter the day-to-day market swings and protect the portfolio against any incoming volatility.
In coverage of specific dividend stocks, Raymond James analyst Stephen Laws – rated 5-stars by TipRanks – has picked out high-yield dividend payers for investors’ consideration. These are stocks with Strong Buy consensus ratings from the Street, and dividend yields at least 8%. Opening up the TipRanks database, we examine the details behind these two to find out what else makes them compelling buys.
New Residential Investment (NRZ)
The dividend stock on Raymond James' radar is New Residential Investment. This is another REIT which, as its name suggests, is heavily invested in residential properties and mortgage loans. The company’s investment portfolio totals just over $7 billion, with the largest portion, 29%, being in mortgage services. Other large portions include loan origination (24%) and servicer advances (18%).
Early in February, the company reported its best quarterly revenue result since 4Q19. For the fourth quarter of 2021, NRZ had a top line of $923.9 million, up from $804.7 in Q3 – and up a robust 59% from the year-ago quarter. EPS came in at 40 cents, up 25% year-over-year. The company had available cash assets of $1.33 billion.
In March, NRZ declared its 1Q22 common stock dividend. The company has a long history of maintaining payments, even during difficult conditions. It was forced to slash the dividend back in April of 2020, due to the corona pandemic – but it has been gradually raising the payment since then, making four increases in the last 2 years. The current payment, of 25 cents per common share, is the third at this level. It is payable on April 29. The dividend annualizes to $1, and gives a yield of just over 9%.
Standing squarely in the bull camp, Laws rates NRZ an Outperform (i.e. Buy), and his target price, at $13.50, suggests an upside of 26% by year’s end.
Backing his stance, Laws writes: “We expect NRZ to post more stable earnings than many peers given the company’s diversified business, as we expect higher income from the MSR portfolio to offset declining gain on sale income. Our Outperform rating is based on our portfolio return expectations, the diversified business, potential benefits of slower repayments on the servicing portfolio, improved portfolio financing, and the attractive valuation relative to our target.”
Overall, NRZ's 5 recent analyst reviews all came in positive, making for a Strong Buy consensus viewpoint. With an average price target of $12.60 and a current trading price of $10.73, this stock has a one-year upside of ~17%.
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Comment: NRZ has had a continuing 10star rating for the past 4-wk period. Currently, NRZ has a 97 report card grade (with a 100 power rating going forward).... Disclosure: Some of us continue to maintain a maximum (risk acceptable) position in NRZ....
Live Long and Prosper....
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Post by alvinthechipmunk on Apr 2, 2022 21:43:27 GMT
...Catching-up with the rest of this thread. Thanks to all. I read it all with interest. Especially the part about Siena.
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