New Residential Investment Corp. Company Profile (NYSE:NRZ)

About New Residential Investment Corp.

New Residential Investment Corp. logoNew Residential Investment Corp. is a real estate investment trust (REIT). The Company is focused on investing in, and managing, investments related to residential real estate. The Company conducts its business through the segments, which include investments in excess mortgage servicing rights (MSRs), investments in servicer advances, investments in real estate securities, investments in real estate loans, investments in consumer loans and corporate. Its portfolio is composed of servicing related assets, residential securities and loans, and other investments. It has made over three direct investments in servicer advances, including the basic fee component of the related MSRs. It acquires and manages a portfolio of credit sensitive real estate securities, including non-agency and agency residential mortgage backed securities (RMBS). The Company has an interest in a pool of consumer loans, including unsecured and homeowner loans.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: REIT - Residential
  • Sub-Industry: N/A
  • Exchange: NYSE
  • Symbol: NRZ
  • CUSIP:
Key Metrics:
  • Previous Close: $16.67
  • 50 Day Moving Average: $15.99
  • 200 Day Moving Average: $14.94
  • 52-Week Range: $10.30 - $16.78
  • Trailing P/E Ratio: 10.18
  • Foreward P/E Ratio: 7.93
  • P/E Growth: 12.54
  • Market Cap: $4.18B
  • Outstanding Shares: 250,773,000
  • Beta: 0.96
Profitability:
  • Net Margins: 38.93%
  • Return on Equity: 15.13%
  • Return on Assets: 2.79%
Debt:
  • Current Ratio: 0.19%
  • Quick Ratio: 0.19%
Additional Links:
Companies Related to New Residential Investment Corp.:

Analyst Ratings

Consensus Ratings for New Residential Investment Corp. (NYSE:NRZ) (?)
Ratings Breakdown: 1 Hold Rating, 8 Buy Ratings
Consensus Rating:Buy (Score: 2.89)
Consensus Price Target: $16.21 (2.68% downside)

Analysts' Ratings History for New Residential Investment Corp. (NYSE:NRZ)
Show:
DateFirmActionRatingPrice TargetDetails
2/22/2017FBR & CoBoost Price TargetOutperform -> Outperform$16.75 -> $17.50View Rating Details
2/6/2017Keefe, Bruyette & WoodsReiterated RatingOutperformView Rating Details
1/31/2017Compass PointUpgradeNeutral -> BuyView Rating Details
11/19/2016Barclays PLCSet Price TargetBuy$16.00View Rating Details
11/3/2016NomuraReiterated RatingHold$15.00View Rating Details
10/5/2016WedbushInitiated CoverageOutperform$17.00View Rating Details
9/11/2016Credit Suisse GroupReiterated RatingBuy$17.00View Rating Details
9/9/2016Piper Jaffray CompaniesReiterated RatingOverweight$16.00View Rating Details
5/16/2016Sterne Agee CRTReiterated RatingBuyView Rating Details
12/23/2015JMP SecuritiesInitiated CoverageOutperform$15.00View Rating Details
4/23/2015Citigroup Inc.Boost Price TargetBuy$14.00 -> $18.00View Rating Details
4/20/2015Bank of America CorpInitiated CoverageBuy$18.50View Rating Details
(Data available from 2/23/2015 forward)

Earnings

Earnings History for New Residential Investment Corp. (NYSE:NRZ)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
2/22/2017        
2/21/2017Q416$0.55$0.62$177.30 millionViewListenView Earnings Details
11/2/2016Q316$0.49$0.51$586.48 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$486.34 millionViewN/AView Earnings Details
2/24/2016Q415$0.49$0.52$454.04 millionViewListenView Earnings Details
11/3/2015Q315$0.49$0.49$516.00 millionViewN/AView Earnings Details
8/10/2015Q215$0.46$0.45$440.54 millionViewListenView Earnings Details
5/8/2015Q115$0.43$0.44$319.15 millionViewN/AView Earnings Details
2/27/2015Q314$0.41$0.41ViewN/AView Earnings Details
11/7/2014$0.37$0.43ViewN/AView Earnings Details
8/6/2014Q214$0.17$0.20ViewN/AView Earnings Details
5/14/2014Q114$0.16ViewN/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)
Current Year EPS Consensus Estimate: $2.13 EPS
Next Year EPS Consensus Estimate: $2.10 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20161$0.49$0.49$0.49
Q2 20161$0.46$0.46$0.46
Q3 20161$0.48$0.48$0.48
Q4 20162$0.57$0.59$0.58
Q1 20172$0.52$0.59$0.56
Q2 20172$0.51$0.56$0.54
Q3 20172$0.50$0.55$0.53
Q4 20172$0.52$0.54$0.53
Q1 20182$0.51$0.54$0.53
Q2 20182$0.51$0.52$0.52
Q3 20182$0.51$0.51$0.51
Q4 20182$0.50$0.51$0.51
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for New Residential Investment Corp. (NYSE:NRZ)
Annual Dividend:$1.84
Dividend Yield:11.04%
Dividend Growth:55.40% (3 Year Average)
Payout Ratio:112.20% (Based on Trailing 12 Months of Earnings)
86.38% (Based on Current Year Consensus EPS Estimate)
87.62% (Based on Next Year Consensus EPS Estimate)
Track Record:3 Years of Consecutive Dividend Growth

Dividend History for New Residential Investment Corp. (NYSE:NRZ)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
1/30/2017quarterly$0.483/27/20174/28/2017
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 History for New Residential Investment Corp. (NYSE:NRZ)
Insider Ownership Percentage: 4.00%
Institutional Ownership Percentage: 46.29%
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

Latest Headlines for New Residential Investment Corp. (NYSE:NRZ)
DateHeadline
News IconJust Issued "Outperform" Rating on New Residential Investment Corp (NRZ) (NYSE:NRZ)
nyhetsbanken.info - February 23 at 9:14 AM
News IconNew Residential Investment Corp. (NRZ) held by 38 SEC 13F Filers (NYSE:NRZ)
mundoaguaysaneamiento.net - February 22 at 6:59 PM
News IconStock Price of New Residential Investment Corp. (NRZ) Increases 1.76% (NYSE:NRZ)
latribunadecanarias.com - February 22 at 8:54 AM
seekingalpha.com logoNew Residential Investment Corp. 2016 Q4 - Results - Earnings Call Slides (NYSE:NRZ)
seekingalpha.com - February 22 at 8:54 AM
4-traders.com logoNew Residential Investment Corp. (NYSE:NRZ) Files An 8-K Results of Operations and Financial Condition (NYSE:NRZ)
www.4-traders.com - February 22 at 8:54 AM
News IconNew Residential Investment Corp. (NRZ) Set to Announce Quarterly Earnings on Tuesday (NYSE:NRZ)
www.graffiotech.com - February 22 at 8:54 AM
News IconNew Residential Investment Corp. (NRZ) Announces Quarterly Earnings Results (NYSE:NRZ)
hoyentv.com - February 22 at 8:54 AM
us.rd.yahoo.com logoNew Residential Announces Fourth Quarter & Full Year 2016 Results (NYSE:NRZ)
us.rd.yahoo.com - February 22 at 8:54 AM
biz.yahoo.com logoNEW RESIDENTIAL INVESTMENT CORP. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Stateme (NYSE:NRZ)
us.rd.yahoo.com - February 22 at 8:54 AM
biz.yahoo.com logoQ4 2016 New Residential Investment Corp Earnings Release - Before Market Open (NYSE:NRZ)
us.rd.yahoo.com - February 22 at 8:54 AM
finance.yahoo.com logoEdited Transcript of NRZ earnings conference call or presentation 21-Feb-17 1:00pm GMT (NYSE:NRZ)
finance.yahoo.com - February 22 at 8:54 AM
biz.yahoo.com logoNEW RESIDENTIAL INVESTMENT CORP. Files SEC form 10-K, Annual Report (NYSE:NRZ)
biz.yahoo.com - February 22 at 8:54 AM
News IconNew Residential Investment Corp. (NRZ): An Examination Of The Chart For Today's Session - NY Stock News (NYSE:NRZ)
nystocknews.com - February 21 at 6:00 PM
businesswire.com logoNew Residential Announces Fourth Quarter & Full Year 2016 Results - Business Wire (press release) (NYSE:NRZ)
www.businesswire.com - February 21 at 6:00 PM
News IconNew Residential Investment posts 4Q profit - SFGate (NYSE:NRZ)
www.sfgate.com - February 21 at 6:00 PM
News IconDoes the hype around New Residential Investment Corp's (NRZ) growth justify its February share price? - Simply Wall St (NYSE:NRZ)
simplywall.st - February 21 at 6:00 PM
sg.finance.yahoo.com logoNew Residential Investment posts 4Q profit (NYSE:NRZ)
sg.finance.yahoo.com - February 21 at 6:00 PM
News IconTraders Secrets on New Residential Investment Corp. (NRZ), Tractor ... - StockNewsJournal (NYSE:NRZ)
stocknewsjournal.com - February 20 at 6:12 PM
News IconThe Technical Facts on New Residential Investment Corp. (NRZ) - The USA Commerce (NYSE:NRZ)
www.theusacommerce.com - February 20 at 6:12 PM
News IconThe Case for and Against New Residential Investment Corp. (NRZ) (NYSE:NRZ)
giftedviz.com - February 20 at 9:48 AM
finance.yahoo.com logoMilacron (MCRN) to Post Q4 Earnings: A Beat in the Cards? (NYSE:NRZ)
finance.yahoo.com - February 20 at 9:48 AM
News IconWhat's Happening To These Stocks? – Kohl's Corporation (KSS ... - Post Analyst (NYSE:NRZ)
postanalyst.com - February 19 at 5:55 PM
News IconShould one be buying New Residential Investment Corp. (NYSE:NRZ)? (NYSE:NRZ)
eleganthomesinla.com - February 17 at 4:33 PM
News IconProminent Analysts Reporting Update: New Residential Investment Corp. (NYSE:NRZ), The Mosaic Company (NYSE ... - OracleTimes (NYSE:NRZ)
oracletimes.com - February 16 at 6:26 PM
News IconTrading Watch: Indicators in Review for New Residential Investment Corp (NRZ) - SKV News (NYSE:NRZ)
skvnews.com - February 16 at 6:26 PM
News IconConsensus Notes on New Residential Investment Corp. (NYSE:NRZ) (NYSE:NRZ)
nyhetsbanken.info - February 16 at 6:26 PM
News IconConsensus Notes on New Residential Investment Corp. (NYSE:NRZ) (NYSE:NRZ)
nyhetsbanken.info - February 16 at 6:26 PM
News IconThe Statistics Don't Lie: New Residential Investment Corp. (NYSE:NRZ) Earnings Screen (NYSE:NRZ)
ekosvoice.com - February 16 at 6:26 PM
News IconAverage Brokerage Rating Of Sabre Corporation (SABR), New Residential Investment Corp. (NRZ) - The USA Commerce (NYSE:NRZ)
www.theusacommerce.com - February 16 at 6:26 PM
News IconThe Statistics Don't Lie: New Residential Investment Corp. (NYSE:NRZ) Earnings Screen (NYSE:NRZ)
ekosvoice.com - February 16 at 6:26 PM
News IconTwo Stocks in Focus: New Residential Investment Corp. (NYSE:NRZ), The Chemours… (NYSE:NRZ)
techknowbits.com - February 16 at 6:26 PM
News IconTwo Stocks in Focus: New Residential Investment Corp. (NYSE:NRZ), The Chemours… (NYSE:NRZ)
techknowbits.com - February 16 at 6:26 PM
News IconThe Case for and Against New Residential Investment Corp. (NRZ) - StockNewsJournal (NYSE:NRZ)
stocknewsjournal.com - February 16 at 6:26 PM
News IconDividend Stock At Glance: New Residential Investment Corp. (NYSE:NRZ) (NYSE:NRZ)
xboxonezone.com - February 16 at 6:26 PM
News IconDrilling Down Into the Charts for New Residential Investment Corp. (NRZ) - The USA Commerce (NYSE:NRZ)
theusacommerce.com - February 16 at 6:26 PM
News IconDividend Stock At Glance: New Residential Investment Corp. (NYSE:NRZ) (NYSE:NRZ)
xboxonezone.com - February 16 at 6:26 PM
News IconToday Analysts Focus on New Residential Investment Corp. (NRZ), The Chemours Company (CC) - StockNewsJournal (NYSE:NRZ)
stocknewsjournal.com - February 16 at 6:26 PM
News IconMarket Scout: Checking the Levels for New Residential Investment Corp (NRZ) - SKV News (NYSE:NRZ)
skvnews.com - February 15 at 2:56 AM
News IconRevenue Approximations Analysis: Exelixis, Inc. (EXEL), New Residential Investment Corp. (NRZ) - StockNewsJournal (NYSE:NRZ)
stocknewsjournal.com - February 15 at 2:56 AM
News IconStock Price of New Residential Investment Corp. (NRZ) Increases 0.76% (NYSE:NRZ)
www.graffiotech.com - February 14 at 1:10 AM
News IconNew Residential Investment Corp. (NRZ) Receives Consensus Recommendation of "Buy" from Brokerages (NYSE:NRZ)
techknowbits.com - February 14 at 1:10 AM
News IconAnalyst Earnings Estimates Coverage: New Residential Investment Corp. (NRZ) (NYSE:NRZ)
graffiotech.com - February 11 at 6:59 PM
News IconInvestors Catching Stocks: New Residential Investment Corp. (NYSE:NRZ) (NYSE:NRZ)
hypelee.com - February 11 at 5:53 AM
News IconA look at New Residential Investment Corp. (NRZ)'s track record of earnings (NYSE:NRZ)
fairydetox.org - February 10 at 7:51 PM
News IconMichael Nierenberg Acquires 18600 Shares of New Residential Investment Corp. (NRZ) Stock (NYSE:NRZ)
eleganthomesinla.com - February 10 at 7:51 PM
News IconBe Familiar with Analyst's Ratings: New Residential Investment Corp.'s (NRZ) (NYSE:NRZ)
brassale.net - February 10 at 7:51 PM
News IconNew Residential Investment Corp. (NRZ) Earns Outperform Rating from Keefe, Bruyette & Woods (NYSE:NRZ)
latribunadecanarias.com - February 10 at 7:51 PM
News IconNew Residential Investment Corp. (NRZ) : Checking the Chart - The USA Commerce (NYSE:NRZ)
theusacommerce.com - February 10 at 1:00 AM
News IconTaking a Fresh Look at New Residential Investment Corp. (NRZ) - StockNewsJournal (NYSE:NRZ)
stocknewsjournal.com - February 10 at 1:00 AM
businesswire.com logoNew Residential Schedules Fourth Quarter & Full Year 2016 Earnings Release and Conference Call - Business Wire (press release) (NYSE:NRZ)
www.businesswire.com - February 10 at 1:00 AM

Social

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. announced a quarterly dividend on Monday, January 30th. Investors 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 annualized dividend and a dividend yield of 11.52%. This is an increase from New Residential Investment Corp.'s previous quarterly dividend of $0.46.

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

9 equities research analysts have issued twelve-month price objectives for New Residential Investment Corp.'s shares. Their forecasts range from $15.00 to $17.50. On average, they anticipate New Residential Investment Corp.'s share price to reach $16.21 in the next year.

When will New Residential Investment Corp. announce their earnings?

New Residential Investment Corp. is scheduled to release their next quarterly earnings announcement on Wednesday, February, 22nd 2017.

What are analysts saying about New Residential Investment Corp. stock?

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

  • FBR & Co analysts commented, "Our updated price target equates to 1.3x estimated 1Q17 tangible book value of $13.30 and implies an 11% dividend yield based on the company's new dividend. Overall, this was another strong operating quarter for New Residential with core EPS of $0.62 at the higher end of the preannounced range, a flurry of acquisition activity, more financing improvements, and stable operating metrics on the existing portfolio. In short, it is the kind of quarter we have come to expect from the company. As such, we continue to view New Residential as undervalued, especially considering a growing book value that is well positioned to weather any rate environment, and a low-teens ROE, which sets it apart from peers who have more earnings and book value headwinds but trade at comparable dividend yields. Following earnings, we are raising our FY17 core earnings estimate to $2.01 from $1.98 to take into account revenue from a resecuritization that is expected to be completed in 1Q17. We are maintaining our FY18 EPS estimate of $2.05." (2/22/2017)
  • 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. " (2/4/2017)

Who owns New Residential Investment Corp. stock?

New Residential Investment Corp.'s stock is owned by many different of retail and institutional investors. Top institutional investors include State Street Corp (1.88%), Allianz Asset Management AG (0.89%), FMR LLC (0.60%), Federated Investors Inc. PA (0.47%), Guggenheim Capital LLC (0.25%) and Fortress Investment Group LLC (0.21%). Company insiders that own New Residential Investment Corp. stock include Alan L Tyson, Andrew Sloves, Loan Servicing Solutions Home, Michael Nierenberg and Wesley R Edens.

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 FMR LLC, Federated Investors Inc. PA, Pacad Investment Ltd., Allianz Asset Management AG, Pitcairn Co., Dynamic Technology Lab Private Ltd and Metropolitan Life Insurance Co. NY.

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

New Residential Investment Corp.'s stock was bought by a variety of institutional investors in the last quarter, including Guggenheim Capital LLC, State Street Corp, Waratah Capital Advisors Ltd., Russell Investments Group Ltd., Private Advisory Group LLC, Rubric Capital Management LP, Teza Capital Management LLC and RFG Advisory Group LLC. Company insiders that have bought New Residential Investment Corp. stock in the last two years include Alan L Tyson, Andrew Sloves and Michael Nierenberg.

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.

How much does a share of New Residential Investment Corp. stock cost?

One share of New Residential Investment Corp. stock can currently be purchased for approximately $16.66.

New Residential Investment Corp. (NYSE:NRZ) Chart for Thursday, February, 23, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for New Residential Investment Corp. (NYSE:NRZ)

Earnings History Chart

Earnings by Quarter for New Residential Investment Corp. (NYSE:NRZ)

Dividend History Chart

Dividend Payments by Quarter for New Residential Investment Corp. (NYSE:NRZ)

Last Updated on 2/23/2017 by MarketBeat.com Staff