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About New Residential Inv (NYSE:NRZ)
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, the United States.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
SymbolNYSE:NRZ
CUSIPN/A
Phone212-479-3195
Debt
Debt-to-Equity RatioN/A
Current Ratio0.22
Quick Ratio0.22
Price-To-Earnings
Trailing P/E Ratio6.39
Forward P/E Ratio7.90
P/E GrowthN/A
Sales & Book Value
Annual Sales$1.52 billion
Price / Sales4.00
Cash FlowN/A
Price / CashN/A
Book Value$14.27 per share
Price / Book1.27
Profitability
EPS (Most Recent Fiscal Year)$2.83
Net Income$957.53 million
Net Margins89.43%
Return on Equity18.15%
Return on Assets4.07%
Miscellaneous
EmployeesN/A
Outstanding Shares336,140,000
New Residential Inv (NYSE:NRZ) Frequently Asked Questions
What is New Residential Inv's stock symbol?
New Residential Inv trades on the New York Stock Exchange (NYSE) under the ticker symbol "NRZ."
How often does New Residential Inv pay dividends? What is the dividend yield for New Residential Inv?
New Residential Inv declared a quarterly dividend on Thursday, March 22nd. Stockholders of record on Monday, April 2nd will be paid a dividend of $0.50 per share on Friday, April 27th. This represents a $2.00 annualized dividend and a dividend yield of 11.06%. The ex-dividend date of this dividend is Thursday, March 29th. View New Residential Inv's Dividend History.
How were New Residential Inv's earnings last quarter?
New Residential Inv (NYSE:NRZ) posted its quarterly earnings data on Friday, April, 27th. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.55 by $0.03. The real estate investment trust had revenue of $259.19 million for the quarter, compared to the consensus estimate of $185.89 million. New Residential Inv had a net margin of 89.43% and a return on equity of 18.15%. During the same period in the previous year, the business earned $0.54 EPS. View New Residential Inv's Earnings History.
When is New Residential Inv's next earnings date?
What price target have analysts set for NRZ?
6 brokerages have issued twelve-month target prices for New Residential Inv's stock. Their predictions range from $18.00 to $20.00. On average, they expect New Residential Inv's share price to reach $18.8750 in the next twelve months. View Analyst Ratings for New Residential Inv.
What are Wall Street analysts saying about New Residential Inv stock?
Here are some recent quotes from research analysts about New Residential Inv stock:
- 1. 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. " (5/4/2018)
- 2. FBR & Co analysts commented, "We reiterate our Buy rating on shares of New Residential and raise our price target from $17.50 to $19.25. New Residential delivered another strong quarter from an earnings perspective, beating consensus expectations by $0.11 per share on a core basis and realizing another book value increase. What’s most notable about this quarter is that there was nothing notable, just business as usual from an operating perspective. Business as usual has come to mean all the company’s portfolios returning mid-teens to low-twenties IRRs and a mid-to-high teen ROEs. Additionally, New Residential continued to modestly add to its consumer loan, non-agency RMBS and MSR portfolios. While management noted that the pace of investments is likely to moderate as the fixed income and MSR markets remain well-bid, the company remains on the lookout for an acquisition that would protect and extend the earnings life of the existing portfolio." (10/30/2017)
Who are some of New Residential Inv's key competitors?
Some companies that are related to New Residential Inv include Unibail-Rodamco (UNRDY), Equity Residential (EQR), AvalonBay Communities (AVB), Digital Realty (DLR), Welltower (WELL), GGP (GGP), Ventas (VTR), SBA Communications (SBAC), Boston Properties (BXP), Host Hotels & Resorts (HST), Essex Property Trust (ESS), Realty Income (O), Gecina (GECFF), Klépierre (KLPEF) and Vornado Realty Trust (VNO).
Who are New Residential Inv's key executives?
New Residential Inv's management team includes the folowing people:
- Mr. Michael Nierenberg, Chairman, Chief Exec. Officer and Pres (Age 55)
- Mr. Nicola Santoro Jr., Chief Financial Officer and Treasurer (Age 50)
- Mr. Jonathan R. Brown, Chief Accounting Officer (Age 52)
- Mr. Cameron D. MacDougall Esq., Sec. (Age 42)
Has New Residential Inv been receiving favorable news coverage?
Headlines about NRZ stock have been trending somewhat positive recently, Accern reports. The research firm identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. New Residential Inv earned a media sentiment score of 0.14 on Accern's scale. They also assigned headlines about the real estate investment trust an impact score of 47.13 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.
Who are New Residential Inv's major shareholders?
New Residential Inv's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (5.90%), Vaughan Nelson Investment Management L.P. (1.17%), UBS Group AG (1.05%), Northern Trust Corp (0.79%), Allianz Asset Management GmbH (0.72%) and Schwab Charles Investment Management Inc. (0.62%). Company insiders that own New Residential Inv stock include Andrew Sloves and Michael Nierenberg. View Institutional Ownership Trends for New Residential Inv.
Which institutional investors are selling New Residential Inv stock?
NRZ stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Chicago Equity Partners LLC, Allianz Asset Management GmbH, Prudential Financial Inc., UBS Group AG, Natixis Advisors L.P., Atlantic Trust Group LLC and Swift Run Capital Management LLC. View Insider Buying and Selling for New Residential Inv.
Which institutional investors are buying New Residential Inv stock?
NRZ stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Barings LLC, Deer Park Road Corp, Royal Bank of Canada, KAMES CAPITAL plc, American Assets Capital Advisers LLC, Schwab Charles Investment Management Inc. and Aperio Group LLC. Company insiders that have bought New Residential Inv stock in the last two years include Andrew Sloves and Michael Nierenberg. View Insider Buying and Selling for New Residential Inv.
How do I buy shares of New Residential Inv?
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 Inv's stock price today?
One share of NRZ stock can currently be purchased for approximately $18.09.
How big of a company is New Residential Inv?
New Residential Inv has a market capitalization of $6.07 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.
How can I contact New Residential Inv?
New Residential Inv's mailing address is 1345 Avenue of the Americas, New York NY, 10105. The real estate investment trust can be reached via phone at 212-479-3195 or via email at [email protected]
MarketBeat Community Rating for New Residential Inv (NRZ)
MarketBeat's community ratings are surveys of what our community members think about New Residential Inv 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.
New Residential Inv (NYSE:NRZ) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
6 Wall Street analysts have issued ratings and price targets for New Residential Inv in the last 12 months. Their average twelve-month price target is $18.8750, suggesting that the stock has a possible upside of 4.34%. The high price target for NRZ is $20.00 and the low price target for NRZ is $18.00. There are currently 6 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 3.00 | 3.00 | 3.00 | 2.86 |
| Ratings Breakdown: | 0 Sell Rating(s)
0 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $18.8750 | $18.8750 | $18.8750 | $18.15 |
| Price Target Upside: | 4.34% upside | 11.69% upside | 11.69% upside | 3.69% upside |
New Residential Inv (NYSE:NRZ) Consensus Price Target History
New Residential Inv (NYSE:NRZ) Analyst Ratings History
Show:
(Data available from 5/22/2016 forward)
New Residential Inv (NYSE:NRZ) Dividend Information
New Residential Inv pays an annual dividend of $2.00 per share, with a dividend yield of 11.06%. NRZ's most recent quarterly dividend payment was Friday, April 27. The company has grown its dividend for the last 4 consecutive years and is increasing its dividend by an average of 16.60% each year. New Residential Inv pays out 70.67% of its earnings out as a dividend.
| Most Recent Dividend: | 4/27/2018 |
| Annual Dividend: | $2.00 |
| Dividend Yield: | 11.06% |
| Dividend Growth: | 16.60% (3 Year Average) |
| Payout Ratio(s): | 70.67% (Trailing 12 Months of Earnings)
87.34% (Based on This Year's Estimates)
83.33% (Based on Next Year's Estimates)
|
| Track Record: | 4 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
New Residential Inv (NYSE:NRZ) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 3/22/2018 | quarterly | $0.50 | 11.9331742243437% | 3/29/2018 | 4/2/2018 | 4/27/2018 |
| 12/18/2017 | quarterly | $0.50 | 11.1% | 12/28/2017 | 12/29/2017 | 1/30/2018 |
| 9/22/2017 | quarterly | $0.50 | 11.83% | 9/29/2017 | 10/2/2017 | 10/27/2017 |
| 6/21/2017 | quarterly | $0.50 | 11.93% | 6/29/2017 | 7/3/2017 | 7/28/2017 |
| 1/30/2017 | quarterly | $0.48 | 11.41% | 3/23/2017 | 3/27/2017 | 4/28/2017 |
| 12/16/2016 | quarterly | $0.46 | 11.38% | 12/28/2016 | 12/30/2016 | 1/31/2017 |
| 9/23/2016 | quarterly | $0.46 | | 9/29/2016 | 10/3/2016 | 10/28/2016 |
| 6/27/2016 | quarterly | $0.46 | | 7/5/2016 | 7/7/2016 | 7/29/2016 |
| 3/22/2016 | quarterly | $0.46 | | 3/31/2016 | 4/4/2016 | 4/29/2016 |
| 12/10/2015 | quarterly | $0.46 | | 12/29/2015 | 12/31/2015 | 1/29/2016 |
| 9/22/2015 | quarterly | $0.46 | | 10/1/2015 | 10/5/2015 | 10/30/2015 |
| 5/14/2015 | quarterly | $0.45 | 10.44% | 5/21/2015 | 5/26/2015 | 7/24/2015 |
| 3/17/2015 | quarterly | $0.38 | 10.11% | 3/24/2015 | 3/26/2015 | 4/30/2015 |
| 12/19/2014 | special | $0.38 | | 12/26/2014 | 12/30/2014 | 1/30/2015 |
| 9/18/2014 | quarterly | $0.1750 | | 9/25/2014 | 9/29/2014 | 10/31/2014 |
| 6/17/2014 | special | $0.0750 | 10.8% | 6/25/2014 | 6/27/2014 | 7/31/2014 |
| 3/20/2014 | quarterly | $0.1750 | | 3/27/2014 | 3/31/2014 | 4/30/2014 |
| 12/18/2013 | quarterly | $0.1750 | 10.31% | 12/26/2013 | 12/30/2013 | 1/31/2014 |
| 12/18/2013 | special | $0.0750 | 10.31% | 12/26/2013 | 12/30/2013 | 1/31/2014 |
| 9/18/2013 | quarterly | $0.1750 | 10.45% | 9/25/2013 | 9/27/2013 | 10/31/2013 |
| 6/4/2013 | quarterly | $0.07 | | 6/11/2013 | 6/13/2013 | 7/31/2013 |
(Data available from 1/1/2013 forward)
New Residential Inv (NYSE NRZ) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.93%
Institutional Ownership Percentage: 53.29%
New Residential Inv (NYSE NRZ) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 2/3/2017 | Michael Nierenberg | CEO | Buy | 18,600 | $15.00 | $279,000.00 | 935,352 |  |
| 11/11/2016 | Andrew Sloves | Director | Buy | 13,200 | $14.22 | $187,704.00 | 700 | |
| 6/15/2015 | Michael Nierenberg | CEO | Buy | 9,100 | $16.05 | $146,055.00 | | |
| 6/15/2015 | Wesley R Edens | Director | Sell | 3,245,764 | $15.88 | $51,542,732.32 | | |
| 5/13/2015 | Alan L Tyson | Director | Buy | 20,000 | $16.85 | $337,000.00 | | |
| 4/13/2015 | Loan Servicing Solutions Home | Major Shareholder | Sell | 28,286,980 | $14.95 | $422,890,351.00 | | |
| 4/13/2015 | Michael Nierenberg | CEO | Buy | 250,000 | $15.25 | $3,812,500.00 | | |
| 4/30/2014 | Michael Nierenberg | CEO | Buy | 1,000,000 | $6.10 | $6,100,000.00 | | |
(Data available from 1/1/2013 forward)
New Residential Inv (NYSE NRZ) News Headlines
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New Residential Inv (NYSE:NRZ) SEC Filings
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New Residential Inv (NYSE:NRZ) Income Statement, Balance Sheet and Cash Flow Statement
New Residential Inv (NYSE NRZ) Stock Chart for Tuesday, May, 22, 2018
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