New Residential Investment Corp Company Profile (NYSE:NRZ)

About New Residential Investment Corp (NYSE:NRZ)

New Residential Investment Corp logoNew Residential Investment Corp. is a real estate investment trust (REIT). The Company focuses on investing in, and managing, investments related to residential real estate. The Company's segments include investments in excess mortgage servicing rights (Excess MSRs); investments in mortgage servicing rights (MSRs); investments in servicer advances; investments in real estate securities; investments in residential mortgage loans; investments in consumer loans, and corporate. Its portfolio includes mortgage servicing related assets, residential mortgage backed securities (RMBS), residential mortgage loans and other investments. The Company's servicing related assets include its investments in Excess MSRs, MSRs and servicer advances. The Company invests in agency RMBS and non-agency RMBS. The Company's other investments consist of consumer loans.

Industry, Sector and Symbol:
  • Sector:
  • Industry: REIT - Residential
  • Sub-Industry: N/A
  • Symbol: NYSE:NRZ
  • CUSIP: N/A
  • Web: www.newresi.com
Capitalization:
  • Market Cap: $5.09 billion
  • Outstanding Shares: 307,334,000
Average Prices:
  • 50 Day Moving Avg: $16.65
  • 200 Day Moving Avg: $16.20
  • 52 Week Range: $12.58 - $17.86
P/E:
  • Trailing P/E Ratio: 8.12
  • Foreward P/E Ratio: 7.81
  • P/E Growth: 12.37
Sales & Book Value:
  • Annual Revenue: $876.3 million
  • Price / Sales: 5.80
  • Book Value: $13.35 per share
  • Price / Book: 1.24
Dividend:
  • Annual Dividend: $1.84
  • Dividend Yield: 11.6%
Profitability:
  • Net Margins: 38.93%
  • Return on Equity: 15.13%
  • Return on Assets: 2.79%
Debt:
  • Current Ratio: 0.19%
  • Quick Ratio: 0.19%
Misc:
  • Average Volume: 4.27 million shs.
  • Beta: 0.96
  • Short Ratio: 0.86
 

Frequently Asked Questions for New Residential Investment Corp (NYSE:NRZ)

What is New Residential Investment Corp's stock symbol?

New Residential Investment Corp trades on the New York Stock Exchange (NYSE) under the ticker symbol "NRZ."

How often does New Residential Investment Corp pay dividends? What is the dividend yield for New Residential Investment Corp?

New Residential Investment Corp declared a quarterly dividend on Monday, January 30th. Shareholders of record on Monday, March 27th will be paid a dividend of $0.48 per share on Friday, April 28th. This represents a $1.92 dividend on an annualized basis and a yield of 11.60%. The ex-dividend date of this dividend is Thursday, March 23rd. This is a boost from New Residential Investment Corp's previous quarterly dividend of $0.46. View New Residential Investment Corp's Dividend History.

How were New Residential Investment Corp's earnings last quarter?

New Residential Investment Corp (NYSE:NRZ) posted its quarterly earnings data on Monday, May, 1st. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.01. The company had revenue of $170.60 million for the quarter, compared to analyst estimates of $239.83 million. New Residential Investment Corp had a return on equity of 15.13% and a net margin of 38.93%. New Residential Investment Corp's revenue was down 21.4% on a year-over-year basis. During the same quarter last year, the company earned $0.49 earnings per share. View New Residential Investment Corp's Earnings History.

When will New Residential Investment Corp make its next earnings announcement?

New Residential Investment Corp is scheduled to release their next quarterly earnings announcement on Monday, July, 31st 2017. View Earnings Estimates for New Residential Investment Corp.

Where is New Residential Investment Corp's stock going? Where will New Residential Investment Corp's stock price be in 2017?

8 equities research analysts have issued twelve-month target prices for New Residential Investment Corp's shares. Their predictions range from $15.00 to $17.50. On average, they anticipate New Residential Investment Corp's stock price to reach $16.42 in the next year. View Analyst Ratings for New Residential Investment Corp.

What are analysts saying about New Residential Investment Corp stock?

Here are some recent quotes from research analysts about New Residential Investment Corp stock:

  • 1. According to Zacks Investment Research, "New Residential Investment Corp. is a real estate investment trust. It focuses on investing in, and actively managing, investments related to residential real estate. The Company primarily target investments in excess mortgage servicing rights, residential mortgage backed securities, residential mortgage loans and other related investments. New Residential Investment Corp. is based in New York. " (4/5/2017)
  • 2. FBR & Co analysts commented, "Last week, we hosted an investor dinner with New Residential's CEO, Michael Nierenberg. During the dinner we discussed the overall operating fundamentals of the company, the risk related to its servicing and subservicing counter-parties, call rights, and how rising (or falling) rates could affect earnings and book value. The conversation strengthened our belief that New Residential is well positioned to outperform residential mREIT peers under any interest rate environment and could see some earnings growth, especially if it is able to accelerate the cleanup calls. As such, we view New Residential as undervalued considering a growing book value and a low- to mid-teens ROE, which sets it apart from peers who have more earnings and book value headwinds but trade at comparable dividend yields. We are maintaining our earnings estimates and reiterate our Outperform rating and $17.50 price target on shares of New Residential, which implies a 16% total return from current levels when including the dividend." (3/28/2017)

Are investors shorting New Residential Investment Corp?

New Residential Investment Corp saw a increase in short interest in the month of April. As of April 28th, there was short interest totalling 5,760,283 shares, an increase of 61.6% from the April 13th total of 3,564,554 shares. Based on an average trading volume of 8,346,621 shares, the days-to-cover ratio is currently 0.7 days. Approximately 1.9% of the shares of the company are short sold.

Who are some of New Residential Investment Corp's key competitors?

Who are New Residential Investment Corp's key executives?

New Residential Investment Corp's management team includes the folowing people:

  • Michael Nierenberg, Chairman of the Board, President, Chief Executive Officer
  • Nicola Santoro Jr., Chief Financial Officer, Treasurer
  • Jonathan R. Brown, Chief Accounting Officer
  • Cameron D. MacDougall, Secretary
  • Kevin J. Finnerty, Independent Director
  • Douglas L. Jacobs, Independent Director
  • Robert J. McGinnis, Independent Director
  • David Saltzman, Independent Director
  • Andrew Sloves, Independent Director

Who owns New Residential Investment Corp stock?

New Residential Investment Corp's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.65%), Vanguard Group Inc. (8.08%), State Street Corp (1.92%), Bank of America Corp DE (1.72%), Wellington Management Group LLP (1.14%) and UBS Group AG (1.12%). Company insiders that own New Residential Investment Corp stock include Andrew Sloves, Michael Nierenberg and Wesley R Edens. View Institutional Ownership Trends for New Residential Investment Corp.

Who sold New Residential Investment Corp stock? Who is selling New Residential Investment Corp stock?

New Residential Investment Corp's stock was sold by a variety of institutional investors in the last quarter, including Credit Suisse AG, Bank of Montreal Can, Advisors Capital Management LLC, FMR LLC, Northpointe Capital LLC, Advisors Asset Management Inc., Morgan Stanley and Alliancebernstein L.P.. View Insider Buying and Selling for New Residential Investment Corp.

Who bought New Residential Investment Corp stock? Who is buying New Residential Investment Corp stock?

New Residential Investment Corp's stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Vanguard Group Inc., Wellington Management Group LLP, Renaissance Technologies LLC, Whitebox Advisors LLC, Investec Asset Management LTD, Prudential Financial Inc. and State Street Corp. Company insiders that have bought New Residential Investment Corp stock in the last two years include Andrew Sloves and Michael Nierenberg. View Insider Buying and Selling for New Residential Investment Corp.

How do I buy New Residential Investment Corp stock?

Shares of New Residential Investment Corp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is New Residential Investment Corp's stock price today?

One share of New Residential Investment Corp stock can currently be purchased for approximately $16.55.


MarketBeat Community Rating for New Residential Investment Corp (NYSE NRZ)
Community Ranking:  3.5 out of 5 (   )
Outperform Votes:  135 (Vote Outperform)
Underperform Votes:  60 (Vote Underperform)
Total Votes:  195
MarketBeat's community ratings are surveys of what our community members think about New Residential Investment Corp and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for New Residential Investment Corp (NYSE:NRZ) (?)
Ratings Breakdown: 1 Hold Rating, 7 Buy Ratings
Consensus Rating:Buy (Score: 2.88)
Consensus Price Target: $16.42 (0.81% downside)

Analysts' Ratings History for New Residential Investment Corp (NYSE:NRZ)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/2/2017FBR & CoReiterated RatingOutperform$17.50LowView Rating Details
2/6/2017Keefe, Bruyette & WoodsReiterated RatingOutperformN/AView Rating Details
1/31/2017Compass PointUpgradeNeutral -> BuyN/AView Rating Details
11/19/2016Barclays PLCSet Price TargetBuy$16.00N/AView Rating Details
11/3/2016NomuraReiterated RatingHold$15.00N/AView Rating Details
10/5/2016WedbushInitiated CoverageOutperform$17.00N/AView Rating Details
9/11/2016Credit Suisse Group AGReiterated RatingBuy$17.00N/AView Rating Details
9/9/2016Piper Jaffray CompaniesReiterated RatingOverweight$16.00N/AView Rating Details
5/16/2016Sterne Agee CRTReiterated RatingBuyN/AView Rating Details
12/23/2015JMP SecuritiesInitiated CoverageOutperform$15.00N/AView Rating Details
(Data available from 5/30/2015 forward)

Earnings

Earnings History for New Residential Investment Corp (NYSE:NRZ)
Earnings by Quarter for New Residential Investment Corp (NYSE:NRZ)
Earnings History by Quarter for New Residential Investment Corp (NYSE NRZ)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
7/31/2017        
5/1/2017Q1 2017$0.53$0.54$239.83 million$170.60 millionViewListenView Earnings Details
2/21/2017Q416$0.55$0.62$158.30 million$231.81 millionViewListenView Earnings Details
11/2/2016Q316$0.49$0.51$147.70 million$185.90 millionViewN/AView Earnings Details
8/2/2016Q216$0.50$0.52$161.00 million$137.43 millionViewN/AView Earnings Details
5/4/2016Q116$0.50$0.49$114.71 million$108.81 millionViewN/AView Earnings Details
2/24/2016Q415$0.49$0.52$118.41 million$119.58 millionViewListenView Earnings Details
11/3/2015Q315$0.49$0.49$144.77 million$104.78 millionViewN/AView Earnings Details
8/10/2015Q215$0.46$0.45$70.48 million$96.31 millionViewListenView Earnings Details
5/8/2015Q115$0.43$0.44$58.44 million$50.39 millionViewN/AView Earnings Details
2/27/2015Q314$0.39$0.41$54.66 million$53.23 millionViewN/AView Earnings Details
11/6/2014Q3 2014$0.37$0.43$64.28 millionViewN/AView Earnings Details
8/6/2014Q214$0.18$0.20$56.14 millionViewN/AView Earnings Details
4/4/2014$0.16$0.14ViewN/AView Earnings Details
3/20/2014Q413$0.16$0.14ViewN/AView Earnings Details
11/7/2013$0.18$0.15ViewN/AView Earnings Details
8/7/2013Q213$0.15ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for New Residential Investment Corp (NYSE:NRZ)
2017 EPS Consensus Estimate: $2.09
2018 EPS Consensus Estimate: $2.10
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.49$0.59$0.54
Q2 20172$0.51$0.54$0.53
Q3 20172$0.50$0.52$0.51
Q4 20172$0.50$0.52$0.51
Q1 20182$0.51$0.56$0.54
Q2 20182$0.51$0.54$0.53
Q3 20182$0.51$0.53$0.52
Q4 20182$0.51$0.52$0.52
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for New Residential Investment Corp (NYSE:NRZ)
Most Recent Dividend:4/28/2017
Annual Dividend:$1.84
Dividend Yield:11.12%
Dividend Growth:55.40% (3 Year Average)
Payout Ratio:112.20% (Trailing 12 Months of Earnings)
86.79% (Based on This Year's Estimates)
86.79% (Based on Next Year's Estimates)
Track Record:3 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for New Residential Investment Corp (NYSE:NRZ)

Dividend History by Quarter for New Residential Investment Corp (NYSE NRZ)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
1/30/2017quarterly$0.4811.41%3/23/20173/27/20174/28/2017
12/16/2016quarterly$0.4611.38%12/28/201612/30/20161/31/2017
9/23/2016quarterly$0.469/29/201610/3/201610/28/2016
6/27/2016quarterly$0.467/5/20167/7/20167/29/2016
3/22/2016quarterly$0.463/31/20164/4/20164/29/2016
12/10/2015quarterly$0.4612/29/201512/31/20151/29/2016
9/22/2015quarterly$0.4610/1/201510/5/201510/30/2015
5/14/2015quarterly$0.4510.44%5/21/20155/26/20157/24/2015
3/17/2015quarterly$0.3810.11%3/24/20153/26/20154/30/2015
12/19/2014special$0.3812/26/201412/30/20141/30/2015
9/18/2014quarterly$0.189/25/20149/29/201410/31/2014
6/17/2014special$0.0810.8%6/25/20146/27/20147/31/2014
3/20/2014quarterly$0.183/27/20143/31/20144/30/2014
12/18/2013quarterly$0.1810.31%12/26/201312/30/20131/31/2014
12/18/2013special$0.0810.31%12/26/201312/30/20131/31/2014
9/18/2013quarterly$0.1810.45%9/25/20139/27/201310/31/2013
6/4/2013quarterly$0.076/11/20136/13/20137/31/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for New Residential Investment Corp (NYSE:NRZ)
Insider Ownership Percentage: 4.00%
Institutional Ownership Percentage: 46.29%
Insider Trades by Quarter for New Residential Investment Corp (NYSE:NRZ)
Institutional Ownership by Quarter for New Residential Investment Corp (NYSE:NRZ)
Insider Trades by Quarter for New Residential Investment Corp (NYSE:NRZ)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
2/3/2017Michael NierenbergCEOBuy18,600$15.00$279,000.00View SEC Filing  
11/11/2016Andrew SlovesDirectorBuy13,200$14.22$187,704.00View SEC Filing  
6/15/2015Michael NierenbergCEOBuy9,100$16.05$146,055.00View SEC Filing  
6/15/2015Wesley R EdensDirectorSell3,245,764$15.88$51,542,732.32View SEC Filing  
5/13/2015Alan L TysonDirectorBuy20,000$16.85$337,000.00View SEC Filing  
4/13/2015Loan Servicing Solutions HomeMajor ShareholderSell28,286,980$14.95$422,890,351.00View SEC Filing  
4/13/2015Michael NierenbergCEOBuy250,000$15.25$3,812,500.00View SEC Filing  
4/30/2014Michael NierenbergCEOBuy1,000,000$6.10$6,100,000.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for New Residential Investment Corp (NYSE:NRZ)
Latest Headlines for New Residential Investment Corp (NYSE:NRZ)
Source:
DateHeadline
americanbankingnews.com logoNew Residential Investment Corp (NRZ) Given Consensus Rating of "Buy" by Brokerages
www.americanbankingnews.com - May 29 at 9:53 AM
seekingalpha.com logoNew Residential Investment: Call Rights Accounting - Seeking Alpha
seekingalpha.com - May 25 at 12:03 AM
nasdaq.com logoJuly 21st Options Now Available For New Residential Investment (NRZ)
www.nasdaq.com - May 22 at 6:07 PM
seekingalpha.com logoNew Residential Investment Corp. Doesn't Deserve Premium
seekingalpha.com - May 22 at 6:07 PM
americanbankingnews.com logoNew Residential Investment Corp (NRZ) Short Interest Up 61.6% in April
www.americanbankingnews.com - May 16 at 7:20 AM
americanbankingnews.com logoQ2 2017 EPS Estimates for New Residential Investment Corp (NRZ) Lifted by Wedbush
www.americanbankingnews.com - May 5 at 7:16 AM
americanbankingnews.com logoNew Residential Investment Corp Expected to Earn Q1 2018 Earnings of $0.56 Per Share (NRZ)
www.americanbankingnews.com - May 4 at 5:50 PM
americanbankingnews.com logoNew Residential Investment Corp (NRZ) Earns Daily News Sentiment Rating of 0.21
www.americanbankingnews.com - May 4 at 1:15 AM
seekingalpha.com logoNew Residential Investment Corp.: This 11% Yielder Remains A Strong Buy After Earnings
seekingalpha.com - May 2 at 7:50 PM
finance.yahoo.com logoEdited Transcript of NRZ earnings conference call or presentation 1-May-17 12:00pm GMT
finance.yahoo.com - May 2 at 7:50 PM
americanbankingnews.com logoNew Residential Investment Corp (NRZ) Stock Rating Reaffirmed by FBR & Co
www.americanbankingnews.com - May 2 at 1:28 PM
americanbankingnews.com logoNew Residential Investment Corp (NRZ) Issues Quarterly Earnings Results, Beats Expectations By $0.01 EPS
www.americanbankingnews.com - May 1 at 5:52 PM
seekingalpha.com logoNew Residential Investment Corp. 2017 Q1 - Results - Earnings Call Slides
seekingalpha.com - May 1 at 5:49 PM
benzinga.com logoNew Residential Investment Corp Higher After Q1 Beat - Benzinga
www.benzinga.com - May 1 at 12:14 PM
finance.yahoo.com logoNew Residential Announces First Quarter 2017 Results
finance.yahoo.com - May 1 at 12:14 PM
finance.yahoo.com logoNew Residential Investment posts 1Q profit
finance.yahoo.com - May 1 at 12:14 PM
americanbankingnews.com logoSomewhat Favorable Media Coverage Likely to Affect New Residential Investment Corp (NRZ) Share Price
www.americanbankingnews.com - April 30 at 5:20 PM
americanbankingnews.com logoNew Residential Investment Corp (NRZ) Set to Announce Earnings on Monday
www.americanbankingnews.com - April 29 at 9:38 AM
americanbankingnews.com logoNew Residential Investment Corp (NRZ) Earning Somewhat Positive Press Coverage, Analysis Shows
www.americanbankingnews.com - April 28 at 1:01 AM
americanbankingnews.com logoNew Residential Investment Corp (NRZ) Lowered to C at TheStreet
www.americanbankingnews.com - April 27 at 4:14 PM
benzinga.com logoNew Residential Investment Corp Attempts To Stabilize
www.benzinga.com - April 25 at 10:23 AM
seekingalpha.com logoNew Residential Investment: What To Do After Last Week's Massacre?
seekingalpha.com - April 25 at 10:23 AM
finance.yahoo.com logoNew Residential Schedules First Quarter 2017 Earnings Release and Conference Call
finance.yahoo.com - April 25 at 10:23 AM
americanbankingnews.com logoNew Residential Investment Corp (NRZ) Given Daily Coverage Optimism Rating of 0.42
www.americanbankingnews.com - April 24 at 3:52 PM
americanbankingnews.com logoFBR & Co Reiterates "Outperform" Rating for New Residential Investment Corp (NRZ)
www.americanbankingnews.com - April 23 at 9:50 AM
benzinga.com logoNew Residential Investment Corp. (NYSE:NRZ), Ocwen Financial ... - Benzinga
www.benzinga.com - April 23 at 9:39 AM
finance.yahoo.com logoVetr Signals Buy on NRZ As Client Trouble Causes Price To Dip
finance.yahoo.com - April 22 at 6:18 PM
americanbankingnews.com logoNew Residential Investment Corp (NRZ) Upgraded by Vetr Inc. to Buy
www.americanbankingnews.com - April 21 at 12:51 AM
benzinga.com logoNew Residential Investment Corp Hammered By Ocwen News
www.benzinga.com - April 20 at 6:59 PM
finance.yahoo.com logoMortgage Mayhem: New Residential Falls as Ocwen Plummets
finance.yahoo.com - April 20 at 6:59 PM
finance.yahoo.com logoHere's Why Ocwen Financial Corp. Plunged Today
finance.yahoo.com - April 20 at 6:59 PM
seekingalpha.com logoNew Residential Investment: How High Can It Fly?
seekingalpha.com - April 20 at 9:21 AM
nasdaq.com logoNotable ETF Outflow Detected - IWN, NRZ, OLN, PVTB
www.nasdaq.com - April 19 at 6:55 PM
americanbankingnews.com logoSomewhat Positive Press Coverage Somewhat Unlikely to Affect New Residential Investment Corp (NRZ) Stock Price
www.americanbankingnews.com - April 17 at 9:03 PM
americanbankingnews.com logoNew Residential Investment Corp (NRZ) Stock Rating Lowered by Vetr Inc.
www.americanbankingnews.com - April 12 at 12:15 AM
seekingalpha.com logoThis Cash Cow Has An 11 Percent Yield And 18-24 Percent Upside
seekingalpha.com - April 10 at 10:07 AM
americanbankingnews.com logoNew Residential Investment Corp (NRZ) Downgraded by Zacks Investment Research to "Hold"
www.americanbankingnews.com - April 8 at 9:14 PM
americanbankingnews.com logoNew Residential Investment Corp (NRZ) Upgraded to "Buy" by Zacks Investment Research
www.americanbankingnews.com - April 5 at 2:31 PM
americanbankingnews.com logoNew Residential Investment Corp (NRZ) Receives Consensus Recommendation of "Buy" from Analysts
www.americanbankingnews.com - April 5 at 12:28 AM
americanbankingnews.com logoNew Residential Investment Corp (NRZ) Given "Outperform" Rating at FBR & Co
www.americanbankingnews.com - April 3 at 11:38 AM
nasdaq.com logoNRZ Crosses Above Average Analyst Target
www.nasdaq.com - March 29 at 9:25 AM
seekingalpha.com logoRising Interest Rates Will Crush Annaly Capital: So Here's A Much Better And Safer High-Yield mREIT To Buy Right Now
seekingalpha.com - March 23 at 5:02 AM
seekingalpha.com logoThis 11% Yielder Can Roar Higher
seekingalpha.com - March 17 at 8:24 AM
seekingalpha.com logoNew Residential: The Most-Loved mREIT
seekingalpha.com - March 13 at 6:36 PM
uk.finance.yahoo.com logoQuestor: Take an 11pc yield and a bet on the fact that US mortgage rates will keep rising
uk.finance.yahoo.com - March 3 at 9:02 AM
finance.yahoo.com logoNEW RESIDENTIAL INVESTMENT CORP. Financials
finance.yahoo.com - February 25 at 6:29 PM
seekingalpha.com logoStrong 12% Yield, Recent Insider Buying, 175% Dividend Growth Over The Last Four Years, Opportunistic Buy - Seeking Alpha
seekingalpha.com - February 24 at 7:58 PM
seekingalpha.com logoThis 12% Yielder Is A Must-Buy - Seeking Alpha
seekingalpha.com - February 24 at 7:58 PM
nasdaq.com logoNew Residential Investment Corp Reaches Analyst Target Price
www.nasdaq.com - February 23 at 6:58 PM
seekingalpha.com logoNew Residential Investment Corp. 2016 Q4 - Results - Earnings Call Slides
seekingalpha.com - February 22 at 8:54 AM

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Chart

New Residential Investment Corp (NRZ) Chart for Tuesday, May, 30, 2017

This page was last updated on 5/30/2017 by MarketBeat.com Staff