New Residential Investment Stock Forecast, Price & News

New Residential Investment's stock was trading at $13.75 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, NRZ shares have decreased by 29.7% and is now trading at $9.66.
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11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New Residential Investment in the last year. There are currently 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for New Residential Investment or view MarketBeat's top 5 stock picks.

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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.

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

New Residential Investment announced a quarterly dividend on Wednesday, September 23rd. Shareholders of record on Monday, October 5th will be paid a dividend of $0.15 per share on Friday, October 30th. This represents a $0.60 annualized dividend and a dividend yield of 6.21%. The ex-dividend date is Friday, October 2nd. This is an increase from New Residential Investment's previous quarterly dividend of $0.10.
View New Residential Investment's dividend history.

11 analysts have issued 12 month target prices for New Residential Investment's shares. Their forecasts range from $9.50 to $20.00. On average, they anticipate New Residential Investment's share price to reach $11.55 in the next year. This suggests a possible upside of 19.6% from the stock's current price.
View analysts' price targets for New Residential Investment.

Some companies that are related to New Residential Investment include Boston Properties (BXP), Sun Communities (SUI), HCP (HCP), Duke Realty (DRE), Extra Space Storage (EXR), Mid-America Apartment Communities (MAA), VICI Properties (VICI), W. P. Carey (WPC), UDR (UDR), Annaly Capital Management (NLY), Equity LifeStyle Properties (ELS), Medical Properties Trust (MPW), Host Hotels & Resorts (HST), Host Hotels & Resorts (HST) and Camden Property Trust (CPT).
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Based on aggregate information from My MarketBeat watchlists, some companies that other New Residential Investment investors own include Two Harbors Investment (TWO), Washington Prime Group (WPG), AT&T (T), Energy Transfer (ET), Prospect Capital (PSEC), CBL & Associates Properties (CBL), Golar LNG Partners (GMLP), Annaly Capital Management (NLY), Orchid Island Capital (ORC) and New York Mortgage Trust (NYMT).

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

New Residential Investment's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (5.97%), State Street Corp (1.42%), Arrowstreet Capital Limited Partnership (1.33%), Morgan Stanley (1.01%), Charles Schwab Investment Management Inc. (0.77%) and Telemus Capital LLC (0.45%). 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 Morgan Stanley, American Assets Capital Advisers LLC, Natixis, JPMorgan Chase & Co., Penn Mutual Asset Management LLC, Truist Financial Corp, Virginia Retirement Systems ET AL, and Envestnet Asset Management Inc..
View insider buying and selling activity for New Residential Investment.

NRZ stock was acquired by a variety of institutional investors in the last quarter, including BNP Paribas Arbitrage SA, BlackRock Inc., Pacer Advisors Inc., Point72 Asset Management L.P., Cubist Systematic Strategies LLC, Aigen Investment Management LP, Voloridge Investment Management LLC, and Alaska Permanent Fund Corp. 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 $9.66.

New Residential Investment has a market capitalization of $4.02 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 3,384 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]