The stock is called New Residential Investment and is ultimately a REIT fund for residential property in metropolitan New York. I have gandered at its balance sheet and it’s income, and find that it is undervalued with 33% growth potential just to reach its book value, a P/E ratio of 11.86, and decent earnings. Is something going on with the New York real estate market that makes this an unattractive buy? On top of all this, it has an attractive yield.
Could this be a good hedge against inflation? I’ve already bought a small stake—but definitely want opinions.
Submitted May 16, 2021 at 08:36PM by wiriamu9474 https://ift.tt/3hwnZGk
