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, New York.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
Phone212-798-3150
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$1.66 billion
Profitability
Miscellaneous
EmployeesN/A
OptionableOptionable
New Residential Investment (NYSE:NRZ) Frequently Asked Questions
What is New Residential Investment's stock symbol?
New Residential Investment trades on the New York Stock Exchange (NYSE) under the ticker symbol "NRZ."
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 Friday, December 21st. Stockholders of record on Monday, December 31st will be paid a dividend of $0.50 per share on Friday, January 25th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 11.68%. The ex-dividend date of this dividend is Friday, December 28th. View New Residential Investment's Dividend History.
How were New Residential Investment's earnings last quarter?
New Residential Investment Corp (NYSE:NRZ) issued its quarterly earnings data on Tuesday, February, 12th. The real estate investment trust reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.03. The real estate investment trust had revenue of $266 million for the quarter, compared to analyst estimates of $210.42 million. New Residential Investment had a net margin of 57.58% and a return on equity of 14.06%. During the same quarter in the prior year, the business posted $0.61 EPS. View New Residential Investment's Earnings History.
When is New Residential Investment's next earnings date?
What price target have analysts set for NRZ?
3 equities research analysts have issued 12 month target prices for New Residential Investment's shares. Their predictions range from $18.00 to $21.00. On average, they anticipate New Residential Investment's stock price to reach $19.6667 in the next twelve months. This suggests a possible upside of 14.9% from the stock's current price. View Analyst Price Targets for New Residential Investment.
What is the consensus analysts' recommendation for New Residential Investment?
3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New Residential Investment in the last year. There are currently 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for New Residential Investment.
Has New Residential Investment been receiving favorable news coverage?
Media headlines about NRZ stock have trended somewhat positive on Saturday, according to InfoTrie. The research group identifies negative and positive media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. New Residential Investment earned a media sentiment score of 1.2 on InfoTrie's scale. They also gave headlines about the real estate investment trust a news buzz of 2.0 out of 10, meaning that recent media coverage is very unlikely to have an effect on the company's share price in the near future.
Who are some of New Residential Investment's key competitors?
Some companies that are related to New Residential Investment include Ventas (VTR), SBA Communications (SBAC), Realty Income (O), Boston Properties (BXP), Weyerhaeuser (WY), Essex Property Trust (ESS), Alexandria Real Estate Equities (ARE), HCP (HCP), ANNALY CAP MGMT/SH (NLY), Host Hotels and Resorts (HST), Vornado Realty Trust (VNO), Extra Space Storage (EXR), WP Carey (WPC), UDR (UDR) and SINO LD LTD/S (SNLAY).
Who are New Residential Investment's key executives?
New Residential Investment's management team includes the folowing people:
- Mr. Michael Nierenberg, Chairman, Pres & CEO (Age 56)
- Mr. Nicola Santoro Jr., CFO & Treasurer (Age 51)
- Mr. David Schneider, Chief Accounting Officer
- Ms. Mandy Cheuk, Head of Investor Relations
- Mr. Cameron D. MacDougall Esq., Sec. (Age 43)
Who are New Residential Investment's major shareholders?
New Residential Investment's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.52%), State Treasurer State of Michigan (2.10%), Vaughan Nelson Investment Management L.P. (2.09%), Bank of America Corp DE (1.75%), Geode Capital Management LLC (1.29%) and Bank of New York Mellon Corp (0.94%). 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 America Corp DE, Bank of Montreal Can, Principal Financial Group Inc., Advisors Asset Management Inc., Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp, ClariVest Asset Management LLC, United Services Automobile Association and Penn Mutual Asset Management LLC. View Insider Buying and Selling 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 State Treasurer State of Michigan, Vaughan Nelson Investment Management L.P., BlackRock Inc., Natixis Advisors L.P., Geode Capital Management LLC, Capital Advisors Inc. OK, Barclays PLC and Connor Clark & Lunn Investment Management Ltd.. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is New Residential Investment's stock price today?
One share of NRZ stock can currently be purchased for approximately $17.12.
How big of a company is New Residential Investment?
New Residential Investment has a market capitalization of $5.83 billion and generates $1.66 billion in revenue each year. The real estate investment trust earns $957.53 million in net income (profit) each year or $2.38 on an earnings per share basis.
What is New Residential Investment's official website?
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]
MarketBeat Community Rating for New Residential Investment (NYSE NRZ)
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.
