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NYSE:NRZNew Residential Investment Stock Price, Forecast & News

$7.17
-0.37 (-4.91 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$7.13
Now: $7.17
$7.51
50-Day Range
$4.67
MA: $6.00
$7.63
52-Week Range
$2.91
Now: $7.17
$17.66
Volume10.23 million shs
Average Volume11.50 million shs
Market Capitalization$2.98 billion
P/E RatioN/A
Dividend Yield2.65%
Beta1.8
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 2.9Dividend Strength: 4.2Insider Behavior: 4.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

3.38 out of 5 stars


Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone212-798-3150

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.77 billion
Cash Flow$1.18 per share
Book Value$10.87 per share

Profitability

Net Income$563.30 million

Miscellaneous

Employees2,357
Market Cap$2.98 billion
Next Earnings Date8/4/2020 (Estimated)
OptionableOptionable

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New Residential Investment (NYSE:NRZ) Frequently Asked Questions

How has New Residential Investment's stock been impacted by COVID-19 (Coronavirus)?

New Residential Investment's stock was trading at $13.75 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, NRZ shares have decreased by 47.9% and is now trading at $7.17. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of New Residential Investment?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New Residential Investment in the last year. There are currently 3 hold ratings and 6 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 Tuesday, August 4th 2020. View our earnings forecast for New Residential Investment.

How were New Residential Investment's earnings last quarter?

New Residential Investment Corp (NYSE:NRZ) posted its quarterly earnings results on Tuesday, May, 5th. The real estate investment trust reported $0.48 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.23 by $0.25. The real estate investment trust earned $185.52 million during the quarter, compared to analyst estimates of $215.46 million. New Residential Investment had a negative net margin of 67.84% and a positive return on equity of 14.32%. During the same quarter in the prior year, the firm earned $0.53 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 Tuesday, March 31st. Shareholders of record on Wednesday, April 15th will be paid a dividend of $0.05 per share on Friday, May 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date is Tuesday, April 14th. View New Residential Investment's dividend history.

What price target have analysts set for NRZ?

9 brokerages have issued 1 year price objectives for New Residential Investment's shares. Their forecasts range from $8.50 to $20.00. On average, they anticipate New Residential Investment's stock price to reach $15.06 in the next twelve months. This suggests a possible upside of 110.1% from the stock's current price. View analysts' price targets for New Residential Investment.

Has New Residential Investment been receiving favorable news coverage?

News headlines about NRZ stock have trended negative recently, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. New Residential Investment earned a coverage optimism score of -2.5 on InfoTrie's scale. They also gave news 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 aboutNew Residential Investment.

Are investors shorting New Residential Investment?

New Residential Investment saw a decline in short interest in 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 company's stock are sold short. View New Residential Investment's Current Options Chain.

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 56)
  • Mr. Nicola Santoro Jr., CFO & Treasurer (Age 51)
  • Mr. David Schneider, Chief Accounting Officer (Age 37)
  • Ms. Mandy Cheuk, Head of Investor Relations
  • Mr. 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 variety of 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.

Which institutional investors are selling New Residential Investment stock?

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.

Which institutional investors are buying New Residential Investment stock?

NRZ stock was acquired 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.

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 $7.17.

How big of a company is New Residential Investment?

New Residential Investment has a market capitalization of $2.98 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 5/30/2020 by MarketBeat.com Staff

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