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Actionable news in NRZ: NEW RESIDENTIAL INVESTMENT CORP,

Why Mortgage REITs May Be Safe Again

Though real estate investment trusts (REITs) have been a popular vehicle for investments in the past, they have suffered over the past year. At current levels, Credit Suisse sees mortgage-based REITs as an attractive investment opportunity, based on stabilized book values and earnings outlooks. Perhaps the most attractive part of these REITs is their distribution yield. Credit Suisse’s top picks each has a distribution yield in the range of 9% to 15%.

Credit Suisse continues to favor the mortgage REITs that are creating operating businesses and can create their own investments. Additionally, the firm favors these mortgage REITs with more stable book values and earnings outlooks in the current volatility. Credit Suisse listed the top picks among its REIT coverage as: New Residential Investment Corp. (NYSE: NRZ), PennyMac Mortgage Investment Trust...


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