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: $14.26
  • 50 Day Moving Average: $14.274
  • 200 Day Moving Average: $13.137
  • 52-Week Range: $230,493,000.00 - $9.07
  • Trailing P/E Ratio: 9.887
  • Foreward P/E Ratio: 7.54
  • P/E Growth: 0.000
  • Market Cap: $3.33B
  • Outstanding Shares: 230,493,000
  • Beta: 0.93
Profitability:
  • Net Margins: 38.31%
  • Return on Equity: 15.25%
  • Return on Assets: 2.82%
Debt:
  • Current Ratio: 0.18%
  • Quick Ratio: 0.18%
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, 6 Buy Ratings
Consensus Rating:Buy (Score: 2.86)
Consensus Price Target: $15.75 (10.45% upside)
Analysts' Ratings History for New Residential Investment Corp. (NYSE:NRZ)
Show:
DateFirmActionRatingPrice TargetDetails
9/11/2016Credit Suisse Group AGReiterated RatingBuy$17.00View Rating Details
9/9/2016Piper Jaffray Cos.Reiterated RatingOverweight$16.00View Rating Details
8/10/2016Barclays PLCBoost Price TargetOverweight$15.00 -> $16.00View Rating Details
5/16/2016Sterne Agee CRTReiterated RatingBuyView Rating Details
5/18/2016Compass PointDowngradeBuy -> Neutral$15.00View Rating Details
2/25/2016FBR & CoReiterated RatingOutperform$21.00 -> $15.50View Rating Details
12/23/2015JMP SecuritiesInitiated CoverageOutperform$15.00View Rating Details
5/14/2015Keefe, Bruyette & WoodsBoost Price TargetOutperform$16.00 -> $17.50View Rating Details
4/23/2015Citigroup Inc.Boost Price TargetBuy$14.00 -> $18.00View Rating Details
4/20/2015Bank of America Corp.Initiated CoverageBuy$18.50View Rating Details
10/10/2014Imperial CapitalInitiated CoverageNeutral$6.50View Rating Details
(Data available from 9/26/2014 forward)

Earnings

Earnings History for New Residential Investment Corp. (NYSE:NRZ)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/1/2016        
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: $1.72 EPS
Next Year EPS Consensus Estimate: $1.89 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20161$0.49$0.49$0.49
Q2 20161$0.46$0.46$0.46
Q4 20161$0.51$0.51$0.51
Q1 20171$0.52$0.52$0.52
Q2 20171$0.51$0.51$0.51
Q3 20171$0.50$0.50$0.50
Q4 20171$0.52$0.52$0.52
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for New Residential Investment Corp. (NYSE:NRZ)
Annual Dividend:$1.84
Dividend Yield:12.90%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:125.17% (Based on Trailing 12 Months of Earnings)
106.98% (Based on Current Year Consensus EPS Estimate)
97.35% (Based on Next Year Consensus EPS Estimate)
Track Record:2 Years of Consecutive Dividend Growth
Dividend History for New Residential Investment Corp. (NYSE:NRZ)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
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: 53.36%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
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
finance.yahoo.com logoNew Residential Declares a Third Quarter Dividend of $0.46 per Common Share (NYSE:NRZ)
finance.yahoo.com - September 23 at 5:59 PM
News IconNew Residential Investment Corp.'s (NRZ): Traders Watch List - Hot Stocks Point (NYSE:NRZ)
www.hotstockspoint.com - September 22 at 11:16 AM
News IconHot Financial Stocks To Watch Right Now: New Residential Investment Corp. (NRZ), Capital One Financial Corporation ... - The Independent Republic (NYSE:NRZ)
theindependentrepublic.com - September 22 at 11:16 AM
News IconUnder Analyst's Radar: New Residential Investment Corp. (NYSE:NRZ), ServiceMaster Global Holdings, Inc. (NYSE ... - Newburgh Press (NYSE:NRZ)
newburghpress.com - September 22 at 11:16 AM
seekingalpha.com logoNew Residential's Performance Is Loved: Is There Any Reason To Worry? - Seeking Alpha (NYSE:NRZ)
seekingalpha.com - September 22 at 11:16 AM
News IconFinancial Stocks Vigilant! New Residential Investment Corp (NRZ), The GEO Group Inc (NYSE:GEO) - share market updates (press release) (NYSE:NRZ)
sharemarketupdates.com - September 19 at 10:58 AM
barrons.com logoPicks in Mortgage REITs for Better Returns - Barron's (NYSE:NRZ)
www.barrons.com - September 12 at 6:10 PM
investornewswire.com logoEarnings Surprise In Focus - New Residential Investment Corp ... - Investor Newswire (NYSE:NRZ)
www.investornewswire.com - September 9 at 6:06 PM
News IconNew Residential Investment Corp. (NYSE:NRZ): What is the Sell-side Making of this Stock? - Post News (NYSE:NRZ)
www.kentuckypostnews.com - September 9 at 6:06 PM
News IconInstitutional Investors Have Decreased Positions in New Residential Investment Corp. (NYSE:NRZ) - National Daily Press (NYSE:NRZ)
www.nationaldailypress.com - September 9 at 6:06 PM
News IconInstitutional Investors Have Decreased Positions in New Residential Investment Corp. (NYSE:NRZ) (NYSE:NRZ)
www.nationaldailypress.com - September 9 at 11:07 AM
News IconPlacing New Residential Investment Corp. (NYSE:NRZ) Shares Under the Microscope - Post News (NYSE:NRZ)
www.kentuckypostnews.com - September 8 at 6:13 PM
istreetwire.com logoStock's Trend Analysis Report: Antero Resources Corporation (AR), New Residential Investment Corp. (NRZ), Ocwen ... - iStreetWire (NYSE:NRZ)
istreetwire.com - September 5 at 5:45 PM
investornewswire.com logoCan New Residential Investment Corp. (NYSE:NRZ) Meet Analyst Targets? - Investor Newswire (NYSE:NRZ)
www.investornewswire.com - September 5 at 5:45 PM
News IconThis 9% Yielder Is My Top High-Yield BDC Pick Over The Next 5 Years (NYSE:NRZ)
www.dividends4life.com - September 4 at 5:48 PM
News IconNew Residential Investment Corp.'s (NRZ): Stock on the Move - Hot ... - Hot Stocks Point (NYSE:NRZ)
www.hotstockspoint.com - September 3 at 10:47 AM
prnewswire.com logoREIT Stocks Technical Reports -- New Residential Investment, Equity Residential, American Homes 4 Rent, and ... - PR Newswire (press release) (NYSE:NRZ)
www.prnewswire.com - August 31 at 11:29 AM
istreetwire.com logoStocks Alert: Occidental Petroleum Corporation (OXY), New Residential Investment Corp. (NRZ), Gramercy Property ... - iStreetWire (NYSE:NRZ)
istreetwire.com - August 29 at 11:00 AM
investornewswire.com logoNew Residential Investment Corp. (NYSE:NRZ) Rating In Focus - Investor Newswire (NYSE:NRZ)
www.investornewswire.com - August 18 at 9:36 AM
News Icon4 High-Yield Dividend Stocks Worth the Risk (NYSE:NRZ)
portal.kiplinger.com - August 17 at 9:35 AM
istreetwire.com logo3 Stocks in Focus: New Residential Investment Corp. (NRZ), The Mosaic Company (MOS), Viavi Solutions Inc. (VIAV) - iStreetWire (NYSE:NRZ)
istreetwire.com - August 16 at 9:48 AM
biz.yahoo.com logoNEW RESIDENTIAL INVESTMENT CORP. Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements (NYSE:NRZ)
biz.yahoo.com - August 16 at 9:48 AM
seekingalpha.com logoNew Residential Investment: Don't Worry About That Capital Raise (NYSE:NRZ)
seekingalpha.com - August 12 at 6:39 PM
streetinsider.com logoNew Residential Investment (NRZ) Prices 20M Share Stock Offering for Proceeds of ~$284M (NYSE:NRZ)
www.streetinsider.com - August 12 at 9:44 AM
seekingalpha.com logoShareholders Lost Their Minds In New Residential Investment Corp. (NYSE:NRZ)
seekingalpha.com - August 12 at 9:44 AM
forbes.com logoNew Residential Investment (NRZ) Passes Through 13% Yield Mark (NYSE:NRZ)
www.forbes.com - August 12 at 9:44 AM
seekingalpha.com logoShareholders Lost Their Minds In New Residential Investment Corp. - Seeking Alpha (NYSE:NRZ)
seekingalpha.com - August 11 at 6:58 PM
finance.yahoo.com logoNEW RESIDENTIAL INVESTMENT CORP. Financials (NYSE:NRZ)
finance.yahoo.com - August 11 at 6:58 PM
News IconScripps Networks Interactive, Inc. (NASDAQ:SNI) & New Residential ... - Money News (press release) (NYSE:NRZ)
www.newsismoney.com - August 11 at 9:43 AM
streetinsider.com logoNew Residential Investment (NRZ) Prices 20M Share Stock Offering for Proceeds of ~$284M - StreetInsider.com (NYSE:NRZ)
www.streetinsider.com - August 11 at 9:43 AM
finance.yahoo.com logoADDING and REPLACING New Residential Announces Public Offering of Common Stock (NYSE:NRZ)
finance.yahoo.com - August 11 at 9:43 AM
biz.yahoo.com logoNEW RESIDENTIAL INVESTMENT CORP. Files SEC form 8-K, Other Events, Financial Statements and Exhibits (NYSE:NRZ)
biz.yahoo.com - August 11 at 9:43 AM
finance.yahoo.com logoNew Residential Announces Pricing of Public Offering of Common Stock (NYSE:NRZ)
finance.yahoo.com - August 11 at 9:43 AM
finance.yahoo.com logo6:52 am New Residential Investment announces that it priced its public offering of 20 mln shares of its common stock for gross proceeds of ~$284.0 mln (NYSE:NRZ)
finance.yahoo.com - August 11 at 9:43 AM
streetinsider.com logoWalter Investment Management (WAC), New Residential (NRZ) Enter MSR Purchase and Sale Agreement (NYSE:NRZ)
www.streetinsider.com - August 10 at 6:57 PM
thestreet.com logoNew Residential Announces Public Offering Of Common Stock (NYSE:NRZ)
www.thestreet.com - August 10 at 6:57 PM
seekingalpha.com logoNew Residential: Good Company Misses A Great Opportunity (NYSE:NRZ)
seekingalpha.com - August 10 at 6:57 PM
streetinsider.com logoWalter Investment Management (WAC), New Residential (NRZ) Enter MSR Purchase and Sale Agreement - StreetInsider.com (NYSE:NRZ)
www.streetinsider.com - August 9 at 9:43 AM
publicnow.com logoWalter Investment Management Corp. Announces Second Quarter 2016 Highlights And Financial Results (NYSE:NRZ)
www.publicnow.com - August 9 at 9:43 AM
publicnow.com logoNew Residential and Walter Investment Announce Mortgage Servicing Rights Purchase Agreement and Subservicing Agreement (NYSE:NRZ)
www.publicnow.com - August 9 at 9:43 AM
News IconDividend Stock Buzz: New Residential Investment Corp. (NYSE:NRZ ... - TWN (NYSE:NRZ)
thewellesleysnews.com - August 6 at 6:38 PM
streetreport.co logoNew Residential Investment Corp. (NYSE:NRZ) nearing 52-week high, short interest dropping - Street Report (NYSE:NRZ)
www.streetreport.co - August 6 at 6:38 PM
seekingalpha.com logoNew Residential Investment Corp: A No-Brainer With Strong Core Earnings And A 13% Dividend Yield (NYSE:NRZ)
seekingalpha.com - August 4 at 9:42 AM
biz.yahoo.com logoNEW RESIDENTIAL INVESTMENT CORP. Files SEC form 10-Q, Quarterly Report (NYSE:NRZ)
biz.yahoo.com - August 4 at 9:42 AM
finance.yahoo.com logoEdited Transcript of NRZ earnings conference call or presentation 2-Aug-16 12:00pm GMT (NYSE:NRZ)
finance.yahoo.com - August 3 at 9:48 AM
seekingalpha.com logoNew Residential Investment Corp: A No-Brainer With Strong Core Earnings And A 13% Dividend Yield - Seeking Alpha (NYSE:NRZ)
seekingalpha.com - August 2 at 6:51 PM
istreetwire.com logoMomentum Stocks: New Residential Investment Corp. (NRZ), Plug Power Inc. (PLUG), Avis Budget Group, Inc. (CAR) - iStreetWire (NYSE:NRZ)
istreetwire.com - August 2 at 11:25 AM
seekingalpha.com logoNew Residential Investment beats by $0.02 - Seeking Alpha (NYSE:NRZ)
seekingalpha.com - August 2 at 11:25 AM
sg.finance.yahoo.com logoNew Residential Investment posts 2Q profit (NYSE:NRZ)
sg.finance.yahoo.com - August 2 at 11:25 AM
biz.yahoo.com logoNEW RESIDENTIAL INVESTMENT CORP. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Stateme (NYSE:NRZ)
biz.yahoo.com - August 2 at 11:25 AM

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New Residential Investment Corp. (NYSE:NRZ) Chart for Monday, September, 26, 2016


Last Updated on 9/26/2016 by MarketBeat.com Staff