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NYSE:NRZ

New Residential Investment Stock Forecast, Price & News

$9.40
-0.40 (-4.08 %)
(As of 01/27/2021 05:29 PM ET)
Add
Compare
Today's Range
$9.36
Now: $9.40
$9.71
50-Day Range
$9.31
MA: $9.71
$10.22
52-Week Range
$2.91
Now: $9.40
$17.66
Volume6.40 million shs
Average Volume3.86 million shs
Market Capitalization$3.91 billion
P/E RatioN/A
Dividend Yield8.16%
Beta1.87
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 Origination, Servicing, MSR Related Investments, Residential Securities and Loans, and Consumer Loans 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 and residential mortgage loans, as well as in 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.
New Residential Investment logo

MarketRank

Overall MarketRank

2.26 out of 5 stars

Finance Sector

117th out of 1,937 stocks

Real Estate Investment Trusts Industry

21st out of 273 stocks

Analyst Opinion: 3.5Community Rank: 3.0Dividend Strength: 3.3Insider Behavior: 0.8Valuation: 0.6 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone212-798-3150
Employees5,102
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.77 billion
Cash Flow$1.25 per share
Book Value$16.40 per share

Profitability

Net Income$563.30 million

Miscellaneous

Market Cap$3.91 billion
Next Earnings Date2/4/2021 (Estimated)
OptionableOptionable
$9.40
-0.40 (-4.08 %)
(As of 01/27/2021 05:29 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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New Residential Investment (NYSE:NRZ) Frequently Asked Questions

How has New Residential Investment's stock price been impacted by Coronavirus?

New Residential Investment's stock was trading at $13.75 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, NRZ shares have decreased by 31.6% and is now trading at $9.40.
View which stocks have been most impacted by COVID-19
.

Is New Residential Investment a buy right now?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New Residential Investment in the last twelve months. There are currently 13 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" New Residential Investment stock.
View analyst ratings for New Residential Investment
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than New Residential Investment?

Wall Street analysts have given New Residential Investment a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but New Residential Investment wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is New Residential Investment's next earnings date?

New Residential Investment is scheduled to release its next quarterly earnings announcement on Thursday, February 4th 2021.
View our earnings forecast for New Residential Investment
.

How were New Residential Investment's earnings last quarter?

New Residential Investment Corp. (NYSE:NRZ) announced its quarterly earnings results on Saturday, October, 31st. The real estate investment trust reported $0.31 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.37 by $0.06. The real estate investment trust earned $685 million during the quarter, compared to analysts' expectations of $623.19 million. New Residential Investment had a negative net margin of 96.73% and a positive trailing twelve-month return on equity of 14.58%. The company's quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the business posted $0.50 earnings per share.
View New Residential Investment's earnings history
.

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 Wednesday, December 16th. Shareholders of record on Thursday, December 31st will be given a dividend of $0.20 per share on Friday, January 29th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 8.51%. The ex-dividend date is Wednesday, December 30th. This is a boost from New Residential Investment's previous quarterly dividend of $0.15.
View New Residential Investment's dividend history
.

Is New Residential Investment a good dividend stock?

New Residential Investment pays an annual dividend of $0.80 per share and currently has a dividend yield of 8.16%. NRZ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. New Residential Investment does not yet have a strock track record of dividend growth. The dividend payout ratio of New Residential Investment is 36.87%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, New Residential Investment will have a dividend payout ratio of 55.56% next year. This indicates that New Residential Investment will be able to sustain or increase its dividend.
View New Residential Investment's dividend history.

What price target have analysts set for NRZ?

13 analysts have issued 12-month target prices for New Residential Investment's stock. Their forecasts range from $9.50 to $20.00. On average, they expect New Residential Investment's stock price to reach $11.46 in the next year. This suggests a possible upside of 21.9% from the stock's current price.
View analysts' price targets for New Residential Investment
or view Wall Street analyst' top-rated stocks.

Are investors shorting New Residential Investment?

New Residential Investment saw a decline in short interest during the month of December. As of December 31st, there was short interest totaling 7,640,000 shares, a decline of 29.5% from the December 15th total of 10,840,000 shares. Based on an average daily trading volume, of 4,570,000 shares, the short-interest ratio is presently 1.7 days. Currently, 1.9% of the company's stock are short sold.
View New Residential Investment's Short Interest
.

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

What other stocks do shareholders of New Residential Investment own?

Who are New Residential Investment's key executives?

New Residential Investment's management team includes the following people:
  • Mr. Michael Nierenberg, Chairman, Pres & CEO (Age 58)
  • Mr. Nicola Santoro Jr., Chief Accounting Officer, Treasurer & CFO (Age 53)
  • Kaitlyn Mauritz, Head of Investor Relations
  • Mr. Cameron D. MacDougall Esq., Sec. (Age 45)

What is New Residential Investment's stock symbol?

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

Who are New Residential Investment's major shareholders?

New Residential Investment's stock is owned by a variety of institutional and retail investors. Top institutional investors include Peregrine Capital Management LLC (0.32%), Pacer Advisors Inc. (0.11%), Capital Investment Advisors LLC (0.07%), Nisa Investment Advisors LLC (0.07%), Nwam LLC (0.04%) and Wiley BROS. Aintree Capital LLC (0.04%). Company insiders that own New Residential Investment stock include Alan L Tyson, Andrew Sloves, David Saltzman, Michael Nierenberg, Nicola Santoro Jr and Robert Mcginnis.
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 Pacer Advisors Inc., Avantax Advisory Services Inc., Aurora Private Wealth Inc., M&R Capital Management Inc., Capital Investment Advisors LLC, Balasa Dinverno & Foltz LLC, Park Avenue Securities LLC, and Wiley BROS. Aintree Capital LLC.
View insider buying and selling activity for New Residential Investment
or view top insider-selling stocks.

Which institutional investors are buying New Residential Investment stock?

NRZ stock was bought by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC, Golden Green Inc., Janney Montgomery Scott LLC, International Assets Investment Management LLC, Hudson Valley Investment Advisors Inc. ADV, Nwam LLC, Optimum Investment Advisors, and Nisa Investment Advisors LLC. Company insiders that have bought New Residential Investment stock in the last two years include Alan L Tyson, Andrew Sloves, David Saltzman, Michael Nierenberg, Nicola Santoro Jr, and Robert Mcginnis.
View insider buying and selling activity for New Residential Investment
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is New Residential Investment's stock price today?

One share of NRZ stock can currently be purchased for approximately $9.40.

How big of a company is New Residential Investment?

New Residential Investment has a market capitalization of $3.91 billion and generates $1.77 billion in revenue each year. The real estate investment trust earns $563.30 million in net income (profit) each year or $2.17 on an earnings per share basis. New Residential Investment employs 5,102 workers across the globe.

What is New Residential Investment's official website?

The official website for New Residential Investment is www.newresi.com.

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]

This page was last updated on 1/27/2021 by MarketBeat.com Staff

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