NYSE:NRZNew Residential Investment Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding New Residential Investment Corp Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $7.96 -0.21 (-2.57 %) (As of 08/13/2020 04:00 PM ET) Add Compare Share Today's Range$7.95Now: $7.96▼$8.2950-Day Range$6.49MA: $7.50▼$8.3952-Week Range$2.91Now: $7.96▼$17.66Volume4.50 million shsAverage Volume9.88 million shsMarket Capitalization$3.31 billionP/E RatioN/ADividend Yield4.90%Beta1.82 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media 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 and Originations, 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.Read More Beat the Market (BTM) Rank™ 4.5 Analyst's Opinion Consensus RatingNew Residential Investment has received a consensus rating of Buy. The company's average rating score is 2.90, and is based on 9 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $12.61, New Residential Investment has a potential upside of 58.4% from its current price of $7.96.Amount of Analyst CoverageNew Residential Investment has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.9 Community Rank Outperform VotesNew Residential Investment has received 497 “outperform” votes. (Add your “outperform” vote.)Underperform VotesNew Residential Investment has received 355 “underperform” votes. (Add your “underperform” vote.)Community SentimentNew Residential Investment has received 58.33% “outperform” votes from our community.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. Previous Next 3.3 Dividend Strength Dividend LeadershipNew Residential Investment is a leading dividend payer. It pays a dividend yield of 4.90%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthNew Residential Investment has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of New Residential Investment is 18.43%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, New Residential Investment will have a dividend payout ratio of 30.77% next year. This indicates that New Residential Investment will be able to sustain or increase its dividend. Previous Next 4.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, New Residential Investment insiders have bought more of their company's stock than they have sold. Specifically, they have bought $103,912.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 0.68% of the stock of New Residential Investment is held by insiders.Percentage Held by Institutions43.87% of the stock of New Residential Investment is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for New Residential Investment are expected to grow by 4.84% in the coming year, from $1.24 to $1.30 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of New Residential Investment is -2.81, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of New Residential Investment is -2.81, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioNew Residential Investment has a P/B Ratio of 0.49. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 4.5Community Rank: 2.9Dividend Strength: 3.3Insider Behavior: 4.0Valuation: 1.3 5 -4 -3 -2 -1 -Overall Beat the Market Rank™3.19 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Real estate investment trusts Sub-IndustryN/A SectorFinance Current SymbolNYSE:NRZ Previous Symbol CUSIPN/A CIK1556593 Webwww.newresi.com Phone212-798-3150Debt Debt-to-Equity Ratio0.12 Current Ratio0.41 Quick Ratio0.41Price-To-Earnings Trailing P/E RatioN/A Forward P/E Ratio6.42 P/E GrowthN/A Sales & Book Value Annual Sales$1.77 billion Price / Sales1.87 Cash Flow$1.24 per share Price / Cash Flow6.43 Book Value$16.40 per share Price / Book0.49Profitability EPS (Most Recent Fiscal Year)$2.17 Net Income$563.30 million Net Margins-74.42% Return on Equity14.32% Return on Assets2.43%Miscellaneous Employees2,357 Outstanding Shares415,745,000Market Cap$3.31 billion Next Earnings Date10/23/2020 (Estimated) OptionableOptionable $7.96 -0.21 (-2.57 %) (As of 08/13/2020 04:00 PM ET) 30 days | 90 days | 365 days | Advanced Chart Receive NRZ News and Ratings via Email Sign-up to receive the latest news and ratings for NRZ and its competitors with MarketBeat's FREE daily newsletter. New Residential Investment (NYSE:NRZ) Frequently Asked Questions How has New Residential Investment's stock 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 (WHO). Since then, NRZ stock has decreased by 42.1% and is now trading at $7.96. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of New Residential Investment? 10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New Residential Investment in the last year. There are currently 1 hold rating and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for New Residential Investment. When is New Residential Investment's next earnings date? New Residential Investment is scheduled to release its next quarterly earnings announcement on Friday, October 23rd 2020. 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 earnings results on Wednesday, July, 22nd. The real estate investment trust reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.04. The real estate investment trust had revenue of $115.80 million for the quarter, compared to analyst estimates of $87.87 million. New Residential Investment had a positive return on equity of 14.32% and a negative net margin of 74.42%. 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 declared a quarterly dividend on Tuesday, June 23rd. Stockholders of record on Thursday, July 2nd will be given a dividend of $0.10 per share on Friday, July 31st. This represents a $0.40 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date of this dividend is Wednesday, July 1st. This is a positive change from New Residential Investment's previous quarterly dividend of $0.05. View New Residential Investment's dividend history. What price target have analysts set for NRZ? 10 brokers have issued twelve-month target prices for New Residential Investment's shares. Their forecasts range from $9.00 to $20.00. On average, they anticipate New Residential Investment's stock price to reach $12.61 in the next twelve months. This suggests a possible upside of 58.4% from the stock's current price. View analysts' price targets for New Residential Investment. Has New Residential Investment been receiving favorable news coverage? News coverage about NRZ stock has trended negative recently, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. New Residential Investment earned a media sentiment score of -2.4 on InfoTrie's scale. They also gave media 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 stock's share price in the next several days. View the latest news about New Residential Investment. Are investors shorting New Residential Investment? New Residential Investment saw a decline in short interest in April. As of April 30th, there was short interest totaling 13,500,000 shares, a decline of 20.8% from the April 15th total of 17,050,000 shares. Based on an average daily trading volume, of 14,490,000 shares, the short-interest ratio is presently 0.9 days. Currently, 3.3% of the company's shares are short sold. View New Residential Investment's Short Interest. Who are some of New Residential Investment's key competitors? Some companies that are related to New Residential Investment include WP Carey (WPC), VICI Properties (VICI), Equity Lifestyle Properties (ELS), ANNALY CAP MGMT/SH (NLY), UDR (UDR), Medical Properties Trust (MPW), CyrusOne (CONE), Camden Property Trust (CPT), Gaming and Leisure Properties (GLPI), American Homes 4 Rent (AMH), Iron Mountain (IRM), SINO LD LTD/S (SNLAY), Host Hotels and Resorts (HST), AmeriCold Realty Trust (COLD) and AGNC Investment (AGNC). View all competitors. What other stocks do shareholders of New Residential Investment own? Based on aggregate information from My MarketBeat watchlists, some companies that other New Residential Investment investors own include Chesapeake Energy (CHKAQ), Chesapeake Energy (CHKAQ), Two Harbors Investment (TWO), Washington Prime Group (WPG), AT&T (T), Energy Transfer LP Unit (ET), Prospect Capital (PSEC), CBL & Associates Properties (CBL), Golar LNG Partners (GMLP) and Orchid Island Capital (ORC). 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 56)Mr. Nicola Santoro Jr., CFO & Treasurer (Age 51)Mr. David Schneider, Chief Accounting Officer (Age 37)Ms. Mandy Cheuk, Head of Investor RelationsMr. Cameron D. MacDougall Esq., Sec. (Age 43) 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 number of retail and institutional investors. Top institutional investors include FMR LLC (1.97%), Goldman Sachs Group Inc. (0.49%), UBS Group AG (0.47%), Telemus Capital LLC (0.41%), Bank of New York Mellon Corp (0.37%) and First Trust Advisors LP (0.35%). 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 Bank of New York Mellon Corp, First Republic Investment Management Inc., Cannell Peter B & Co. Inc., Telemus Capital LLC, Aigen Investment Management LP, Raymond James & Associates, Steward Partners Investment Advisory LLC, and Russell Investments Group Ltd.. View insider buying and selling activity 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 Goldman Sachs Group Inc., First Trust Advisors LP, FMR LLC, Capital Investment Advisors LLC, UBS Group AG, Bessemer Group Inc., Clear Harbor Asset Management LLC, and Wiley BROS. Aintree Capital 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. 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, 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 $7.96. How big of a company is New Residential Investment? New Residential Investment has a market capitalization of $3.31 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. 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 8/13/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your Risk-Free Trial Subscription Here Questions? Get Started with MarketBeat — Read Your Daily NewsletterCheck Out My MarketBeatWatch Our Tutorial VideosAdd a Stock to Your WatchlistSet Up an Instant AlertView a Company's Profile PageView Our Financial CalendarsView Today's Analyst Ratings
