NYSE:NRZNew Residential Investment Stock Price, Forecast & News

New Residential Investment's stock was trading at $13.75 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, NRZ shares have decreased by 49.1% and is now trading at $7.00. View which stocks have been most impacted by Coronavirus.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New Residential Investment in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for New Residential Investment.

New Residential Investment is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for New Residential Investment.

New Residential Investment Corp (NYSE:NRZ) released its earnings results on Tuesday, May, 5th. The real estate investment trust reported $0.48 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.23 by $0.25. The real estate investment trust had revenue of $185.52 million for the quarter, compared to the consensus estimate of $215.46 million. New Residential Investment had a positive return on equity of 14.32% and a negative net margin of 67.84%. During the same period in the prior year, the business posted $0.53 earnings per share. View New Residential Investment's earnings history.

New Residential Investment announced a quarterly dividend on Tuesday, March 31st. Investors of record on Wednesday, April 15th will be given a dividend of $0.05 per share on Friday, May 15th. This represents a $0.20 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend is Tuesday, April 14th. View New Residential Investment's dividend history.

7 equities research analysts have issued 12 month price objectives for New Residential Investment's shares. Their forecasts range from $10.50 to $20.00. On average, they anticipate New Residential Investment's stock price to reach $17.00 in the next twelve months. This suggests a possible upside of 142.9% from the stock's current price. View analysts' price targets for New Residential Investment.

Media stories about NRZ stock have been trending negative on Monday, according to InfoTrie. The research firm scores the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. New Residential Investment earned a news impact score of -2.0 on InfoTrie's scale. They also gave media headlines about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news aboutNew Residential Investment.

New Residential Investment saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 13,500,000 shares, a decline of 20.8% from the April 30th total of 17,050,000 shares. Based on an average daily volume of 14,490,000 shares, the days-to-cover ratio is currently 0.9 days. Approximately 3.3% of the shares of the company are sold short. View New Residential Investment's Current Options Chain.

Some companies that are related to New Residential Investment include Equity Lifestyle Properties (ELS), Extra Space Storage (EXR), UDR (UDR), WP Carey (WPC), Medical Properties Trust (MPW), ANNALY CAP MGMT/SH (NLY), VICI Properties (VICI), Camden Property Trust (CPT), CyrusOne (CONE), SINO LD LTD/S (SNLAY), Host Hotels and Resorts (HST), AGNC Investment (AGNC), Gaming and Leisure Properties (GLPI), American Homes 4 Rent (AMH) and Regency Centers (REG). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other New Residential Investment investors own include AT&T (T), Prospect Capital (PSEC), Two Harbors Investment (TWO), Energy Transfer LP Unit (ET), ANNALY CAP MGMT/SH (NLY), Chembio Diagnostics (CEMI), Washington Prime Group (WPG), CHIMERA INVT CO/SH NEW (CIM), AGNC Investment (AGNC) and Enterprise Products Partners (EPD).

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

New Residential Investment's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.00%), Nan Shan Life Insurance Co. Ltd. (3.45%), State Street Corp (1.54%), Geode Capital Management LLC (1.13%), Wolverine Asset Management LLC (0.94%) and Bank of New York Mellon Corp (0.89%). 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.

NRZ stock was sold by a variety of institutional investors in the last quarter, including State of Michigan Retirement System, Nan Shan Life Insurance Co. Ltd., UBS Group AG, BlackRock Inc., Voloridge Investment Management LLC, Wellington Management Group LLP, Geode Capital Management LLC, and KAMES CAPITAL plc. View insider buying and selling activity for New Residential Investment.

NRZ stock was bought by a variety of institutional investors in the last quarter, including Wolverine Asset Management LLC, Morgan Stanley, American Assets Capital Advisers LLC, Castle Hook Partners LP, State Street Corp, WINTON GROUP Ltd, Aigen Investment Management LP, and Two Sigma Advisers LP. 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.

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, Robinhood, Fidelity, and Charles Schwab.

One share of NRZ stock can currently be purchased for approximately $7.00.

New Residential Investment has a market capitalization of $2.91 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 2,357 workers across the globe.

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

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]