New Residential Investment Stock Forecast, Price & News

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. Since then, NRZ stock has decreased by 27.6% and is now trading at $9.95.
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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.

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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) announced its quarterly earnings data on Saturday, October, 31st. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.37 by $0.06. The real estate investment trust earned $685 million during the quarter, compared to analyst estimates of $623.19 million. New Residential Investment had a positive return on equity of 14.58% and a negative net margin of 96.73%. The company's revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.50 EPS.
View New Residential Investment's earnings history.

New Residential Investment declared a quarterly dividend on Wednesday, September 23rd. Shareholders of record on Monday, October 5th will be given a dividend of $0.15 per share on Friday, October 30th. This represents a $0.60 annualized dividend and a dividend yield of 6.03%. The ex-dividend date of this dividend 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 Wall Street analysts have issued 1-year price objectives for New Residential Investment's shares. Their forecasts range from $9.50 to $20.00. On average, they expect New Residential Investment's share price to reach $11.55 in the next twelve months. This suggests a possible upside of 16.1% 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), Extra Space Storage (EXR), Duke Realty (DRE), 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 Gaming and Leisure Properties (GLPI).
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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 investors 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 purchased 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 $9.95.

New Residential Investment has a market capitalization of $4.14 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]