S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
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NYSE:NRZ

New Residential Investment Stock Forecast, Price & News

$9.40
-0.22 (-2.29 %)
(As of 01/15/2021 12:00 AM ET)
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Today's Range
$9.38
Now: $9.40
$9.59
50-Day Range
$9.26
MA: $9.71
$10.22
52-Week Range
$2.91
Now: $9.40
$17.66
Volume3.30 million shs
Average Volume3.96 million shs
Market Capitalization$3.91 billion
P/E RatioN/A
Dividend Yield8.47%
Beta1.87
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 Origination, Servicing, MSR Related Investments, 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.
New Residential Investment logo

MarketRank

Overall MarketRank

2.26 out of 5 stars

Finance Sector

93rd out of 1,705 stocks

Real Estate Investment Trusts Industry

21st out of 260 stocks

Analyst Opinion: 3.5Community Rank: 3.0Dividend Strength: 3.3Insider Behavior: 0.8Valuation: 0.6 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone212-798-3150
Employees5,102

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.77 billion
Cash Flow$1.25 per share
Book Value$16.40 per share

Profitability

Net Income$563.30 million

Miscellaneous

Market Cap$3.91 billion
Next Earnings Date2/4/2021 (Estimated)
OptionableOptionable
$9.40
-0.22 (-2.29 %)
(As of 01/15/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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New Residential Investment (NYSE:NRZ) Frequently Asked Questions

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

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. Since then, NRZ stock has decreased by 31.6% and is now trading at $9.40.
View which stocks have been most impacted by COVID-19
.

Is New Residential Investment a buy right now?

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for New Residential Investment in the last twelve months. There are currently 13 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" New Residential Investment stock.
View analyst ratings for New Residential Investment
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than New Residential Investment?

Wall Street analysts have given New Residential Investment a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but New Residential Investment wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is New Residential Investment's next earnings date?

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
.

How were New Residential Investment's earnings last quarter?

New Residential Investment Corp. (NYSE:NRZ) issued its quarterly earnings results on Saturday, October, 31st. The real estate investment trust reported $0.31 EPS for the quarter, missing the 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 quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.50 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 Wednesday, December 16th. Stockholders of record on Thursday, December 31st will be given a dividend of $0.20 per share on Friday, January 29th. This represents a $0.80 annualized dividend and a yield of 8.51%. The ex-dividend date is Wednesday, December 30th. This is a positive change from New Residential Investment's previous quarterly dividend of $0.15.
View New Residential Investment's dividend history
.

Is New Residential Investment a good dividend stock?

New Residential Investment pays an annual dividend of $0.80 per share and currently has a dividend yield of 8.47%. NRZ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. New Residential Investment does not yet have a strock track record of dividend growth. The dividend payout ratio of New Residential Investment is 36.87%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, New Residential Investment will have a dividend payout ratio of 55.56% next year. This indicates that New Residential Investment will be able to sustain or increase its dividend.
View New Residential Investment's dividend history.

What price target have analysts set for NRZ?

13 equities research analysts have issued 1 year price targets for New Residential Investment's shares. Their forecasts range from $9.50 to $20.00. On average, they anticipate New Residential Investment's stock price to reach $11.42 in the next year. This suggests a possible upside of 21.5% from the stock's current price.
View analysts' price targets for New Residential Investment
or view Wall Street analyst' top-rated stocks.

Are investors shorting New Residential Investment?

New Residential Investment saw a decline in short interest during the month of December. As of December 31st, there was short interest totaling 7,640,000 shares, a decline of 29.5% from the December 15th total of 10,840,000 shares. Based on an average daily trading volume, of 4,570,000 shares, the days-to-cover ratio is presently 1.7 days. Currently, 1.9% of the shares of the stock are short sold.
View New Residential Investment's Short Interest
.

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 57)
  • Mr. Nicola Santoro Jr., Chief Accounting Officer, Treasurer & CFO (Age 52)
  • Kaitlyn Mauritz, Head of Investor Relations
  • Mr. Cameron D. MacDougall Esq., Sec. (Age 44)

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 many different retail and institutional investors. Top institutional investors include Wiley BROS. Aintree Capital LLC (0.04%), Aurora Private Wealth Inc. (0.00%), Hudson Valley Investment Advisors Inc. ADV (0.00%) and M&R Capital Management Inc. (0.00%). 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 Aurora Private Wealth Inc., M&R Capital Management Inc., and Wiley BROS. Aintree Capital LLC.
View insider buying and selling activity for New Residential Investment
or view top insider-selling stocks.

Which institutional investors are buying New Residential Investment stock?

NRZ stock was bought by a variety of institutional investors in the last quarter, including Hudson Valley Investment Advisors Inc. ADV. 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
or or view top insider-buying stocks.

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 WeBull, 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 $9.40.

How big of a company is New Residential Investment?

New Residential Investment has a market capitalization of $3.91 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 5,102 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 1/16/2021 by MarketBeat.com Staff

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