Michael Nierenberg’s Success As NRZ’s Head

When it comes to real estate investment management, New Residential Investment Corp. is one of the most popular options in the country. The firm is a real estate investment trust which manages real estate accounts in the country, as well as to invest in Residential Mortgage-Backed Securities) or RMBS. Michael Nierenberg has been heading the firm as the Chairman, President, and the Chief Executive Officer.

NRZ’s Michael Nierenberg was the appointed leader of the company since its separation from Newcastle Investment Corp in 2016. Because of his leadership, NRZ has been growing starting in 2017. When he was interviewed by Seeking Alpha, Nierenberg revealed that the firm has seen a very good year in 2017. The company is one of the best adapters of the new Tax bill which raised the rates in 2017. This is because the investments and assets that NRZ was holding have been positioned strategically to yield value even during the high rates. Even the dividends are maintained thanks to Nierenberg’s financial insights.

Michael Nierenberg has an insightful leadership was the fruit of his extensive experience int he market. He is not only known as the CEO of NRZ. He is also known as the Managing Director of Fortress, another investment firm which offers great services for managing portfolios. Before his appointment as the CEO of NRZ, Michael Nierenberg served first as the Managing Director of Global Mortgages and Securitized Products when he was still on Bank of America Merrill Lynch. In 2008, he is the one who handled Global Securitized Products of famous bank JP Morgan. Even before that, Nierenberg has been a great employee at Bear Stearns, which is another global investment bank in New York. He was also the head of Samuel Waxman Cancer Research Foundation and managed the operations of the institute.

NRZ’s success can be seen with its maintained $0.50 dividend declaration in the past quarter. The dividend declared has a 13.98% forward yield and is one of the best for the company has achieved yet. Its latest dividend payment, which was declared last year and was tallied on December 31, 2018, has been delivered last January 25.

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