5 Real Estate Dividend Stocks with High Yields

4. New Residential Investment Corp. (NYSE:NRZ)

Dividend Yield: 8.99%

Number of Hedge Funds: 16

New Residential Investment Corp. (NYSE:NRZ) provides mortgage and financial services industries with capital and services. The company aims to identify and invest in attractive assets and protect its existing portfolio, to generate strong risk-adjusted returns for the shareholders.

In a research note issued on September 29, Mark DeVries resumed coverage of New Residential Investment Corp. (NYSE:NRZ) with an Outperform rating and a price target of $13. The analyst thinks that the corporation has increased its exposure in the “still-strong” mortgage origination industry through the acquisition of Caliber Home Loans in August 2021. The analyst also added that in case of a rise in interest rate, the stable underlying portfolio of New Residential Investment Corp. (NYSE:NRZ) would decrease the volatility in earnings and provide stability to the book value.