New Residential Investment Corp., a real estate investment trust, focuses on investing in and managing residential mortgage related assets in the United States. It operates through Servicing Related Assets, Residential Securities and Loans, and Other Investments segments. The company invests in excess mortgage servicing rights (MSRs) on residential mortgage loans; and in servicer advances, including the basic fee component of the related MSRs. It also invests in real estate securities, residential mortgage loans, investments in consumer loans, and corporate. In addition, the company has an interest in a portfolio of consumer loans, including unsecured and homeowner loans. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was founded in 2011 and is based in New York, New York.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
Current SymbolNYSE:NRZ
Previous Symbol
CUSIPN/A
Phone212-798-3150
Debt
Debt-to-Equity RatioN/A
Current Ratio0.30
Quick Ratio0.30
Price-To-Earnings
Trailing P/E Ratio5.37
Forward P/E Ratio6.47
P/E Growth6.68
Sales & Book Value
Annual Sales$1.52 billion
Price / Sales3.40
Cash FlowN/A
Price / Cash FlowN/A
Book Value$14.27 per share
Price / Book1.07
Profitability
EPS (Most Recent Fiscal Year)$2.83
Net Income$957.53 million
Net Margins79.22%
Return on Equity14.35%
Return on Assets3.28%
Miscellaneous
EmployeesN/A
Outstanding Shares340,350,000
Market Cap$5.34 billion
OptionableOptionable
New Residential Investment (NYSE:NRZ) Frequently Asked Questions
What is New Residential Investment's stock symbol?
New Residential Investment trades on the New York Stock Exchange (NYSE) under the ticker symbol "NRZ."
How often does New Residential Investment pay dividends? What is the dividend yield for New Residential Investment?
New Residential Investment announced a quarterly dividend on Friday, September 21st. Shareholders of record on Monday, October 1st will be paid a dividend of $0.50 per share on Friday, October 26th. This represents a $2.00 dividend on an annualized basis and a yield of 13.16%. The ex-dividend date of this dividend is Friday, September 28th. View New Residential Investment's Dividend History.
How were New Residential Investment's earnings last quarter?
New Residential Investment Corp (NYSE:NRZ) released its quarterly earnings results on Thursday, October, 25th. The real estate investment trust reported $0.63 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.54 by $0.09. The real estate investment trust had revenue of $262.72 million for the quarter, compared to analysts' expectations of $231.40 million. New Residential Investment had a return on equity of 14.35% and a net margin of 79.22%. View New Residential Investment's Earnings History.
When is New Residential Investment's next earnings date?
What price target have analysts set for NRZ?
4 equities research analysts have issued 1 year price targets for New Residential Investment's stock. Their forecasts range from $19.00 to $21.00. On average, they anticipate New Residential Investment's share price to reach $20.00 in the next year. This suggests a possible upside of 31.6% from the stock's current price. View Analyst Price Targets for New Residential Investment.
What is the consensus analysts' recommendation for New Residential Investment?
4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New Residential Investment in the last year. There are currently 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for New Residential Investment.
Has New Residential Investment been receiving favorable news coverage?
News coverage about NRZ stock has trended somewhat positive this week, according to InfoTrie. The research firm scores the sentiment of news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. New Residential Investment earned a coverage optimism score of 1.3 on InfoTrie's scale. They also assigned news coverage about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the immediate future.
Who are some of New Residential Investment's key competitors?
Some companies that are related to New Residential Investment include Realty Income (O), SBA Communications (SBAC), Boston Properties (BXP), Weyerhaeuser (WY), Essex Property Trust (ESS), HCP (HCP), ANNALY CAP MGMT/SH (NLY), Host Hotels and Resorts (HST), Alexandria Real Estate Equities (ARE), Vornado Realty Trust (VNO), Extra Space Storage (EXR), Mid-America Apartment Communities (MAA), SINO LD LTD/S (SNLAY), WP Carey (WPC) and UDR (UDR).
Who are New Residential Investment's key executives?
New Residential Investment's management team includes the folowing people:
- Mr. Michael Nierenberg, Chairman, Pres & CEO (Age 55)
- Mr. Nicola Santoro Jr., CFO & Treasurer (Age 50)
- Mr. David Schneider, Chief Accounting Officer
- Ms. Mandy Cheuk, Head of Investor Relations
- Mr. Cameron D. MacDougall Esq., Sec. (Age 42)
Who are New Residential Investment's major shareholders?
New Residential Investment's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.64%), Vanguard Group Inc (8.64%), BlackRock Inc. (6.11%), Nan Shan Life Insurance Co. Ltd. (4.35%), Vaughan Nelson Investment Management L.P. (1.11%) and Credit Suisse AG (0.98%). View Institutional Ownership Trends for New Residential Investment.
Which institutional investors are selling New Residential Investment stock?
NRZ stock was sold by a variety of institutional investors in the last quarter, including Credit Suisse AG, Marshall Wace North America L.P., Teachers Advisors LLC, Deutsche Bank AG, Renaissance Technologies LLC, Yorktown Management & Research Co Inc, Allianz Asset Management GmbH and Advisors Asset Management Inc.. View Insider Buying and Selling for New Residential Investment.
Which institutional investors are buying New Residential Investment stock?
NRZ stock was bought by a variety of institutional investors in the last quarter, including Nan Shan Life Insurance Co. Ltd., State Treasurer State of Michigan, Wells Fargo & Company MN, Mirae Asset Global Investments Co. Ltd., BlackRock Inc., Vanguard Group Inc, Vanguard Group Inc. and Bank of Montreal Can. View Insider Buying and Selling for New Residential Investment.
How do I buy shares of New Residential Investment?
Shares of NRZ can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is New Residential Investment's stock price today?
One share of NRZ stock can currently be purchased for approximately $15.20.
How big of a company is New Residential Investment?
New Residential Investment has a market capitalization of $5.34 billion and generates $1.52 billion in revenue each year. The real estate investment trust earns $957.53 million in net income (profit) each year or $2.83 on an earnings per share basis.
What is New Residential Investment's official website?
How can I contact New Residential Investment?
New Residential Investment's mailing address is 1345 Avenue of the Americas, New York NY, 10105. The real estate investment trust can be reached via phone at 212-798-3150 or via email at [email protected]
MarketBeat Community Rating for New Residential Investment (NYSE NRZ)
MarketBeat's community ratings are surveys of what our community members think about New Residential Investment and other stocks. Vote "Outperform" if you believe NRZ will outperform the S&P 500 over the long term. Vote "Underperform" if you believe NRZ will underperform the S&P 500 over the long term. You may vote once every thirty days.
