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NYSE:NRZ - New Residential Investment Stock Price, Forecast & News

$17.53
-0.06 (-0.34 %)
(As of 02/19/2020 04:00 PM ET)
Today's Range
$17.46
Now: $17.53
$17.66
50-Day Range
$16.11
MA: $16.79
$17.63
52-Week Range
$13.63
Now: $17.53
$17.66
Volume4.77 million shs
Average Volume4.14 million shs
Market Capitalization$7.28 billion
P/E Ratio13.08
Dividend Yield11.37%
Beta1.09
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. Read More…

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$0.33 per share
Book Value$17.89 per share

Profitability

Net Income$563.30 million

Miscellaneous

Employees2,357
Market Cap$7.28 billion
Next Earnings Date5/6/2020 (Estimated)
OptionableOptionable

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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 Monday, December 16th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.50 per share on Friday, January 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 11.41%. The ex-dividend date is Monday, December 30th. View New Residential Investment's Dividend History.

How were New Residential Investment's earnings last quarter?

New Residential Investment Corp (NYSE:NRZ) released its earnings results on Thursday, February, 6th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.09. The real estate investment trust had revenue of $216.08 million for the quarter, compared to analysts' expectations of $241.88 million. New Residential Investment had a return on equity of 13.14% and a net margin of 31.89%. During the same quarter last year, the business earned $0.58 earnings per share. View New Residential Investment's Earnings History.

When is New Residential Investment's next earnings date?

New Residential Investment is scheduled to release their next quarterly earnings announcement on Wednesday, May 6th 2020. View Earnings Estimates for New Residential Investment.

What price target have analysts set for NRZ?

7 analysts have issued twelve-month price targets for New Residential Investment's stock. Their forecasts range from $16.00 to $20.00. On average, they expect New Residential Investment's stock price to reach $18.25 in the next twelve months. This suggests a possible upside of 4.1% from the stock's current price. View Analyst Price Targets for New Residential Investment.

What is the consensus analysts' recommendation for New Residential Investment?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New Residential Investment in the last year. There are currently 1 hold rating and 6 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?

News coverage about NRZ stock has been trending somewhat positive on Wednesday, InfoTrie reports. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. New Residential Investment earned a media sentiment score of 0.7 on InfoTrie's scale. They also assigned media headlines about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the near term. View News Stories for New Residential Investment.

Are investors shorting New Residential Investment?

New Residential Investment saw a drop in short interest during the month of January. As of January 31st, there was short interest totalling 13,180,000 shares, a drop of 30.7% from the January 15th total of 19,010,000 shares. Based on an average daily trading volume, of 3,480,000 shares, the short-interest ratio is presently 3.8 days. Currently, 3.2% of the shares of the 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?

Based on aggregate information from My MarketBeat watchlists, some companies that other New Residential Investment investors own include AT&T (T), Prospect Capital (PSEC), Energy Transfer LP Unit (ET), Two Harbors Investment (TWO), Chembio Diagnostics (CEMI), ANNALY CAP MGMT/SH (NLY), AGNC Investment (AGNC), Starwood Property Trust (STWD), ARBOR RLTY TR I/SH (ABR) and Ares Capital (ARCC).

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 (Age 37)
  • 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 a variety of of institutional and retail investors. Top institutional shareholders include FMR LLC (1.87%), UBS Group AG (1.58%), State Street Corp (1.40%), Bank of America Corp DE (1.31%), Credit Suisse AG (1.02%) and Goldman Sachs Group Inc. (0.87%). Company insiders that own New Residential Investment stock include Andrew Sloves, David Saltzman, Michael Nierenberg and Robert Mcginnis. View Institutional Ownership Trends for New Residential Investment.

Which major investors are selling New Residential Investment stock?

NRZ stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Bank of America Corp DE, First Trust Advisors LP, Standard Life Aberdeen plc, American Assets Capital Advisers LLC, Bank of Montreal Can, SG Americas Securities LLC and Denali Advisors LLC. View Insider Buying and Selling for New Residential Investment.

Which major investors are buying New Residential Investment stock?

NRZ stock was acquired by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, FMR LLC, UBS Group AG, Waratah Capital Advisors Ltd., Capital Square LLC, Janus Henderson Group PLC, Assetmark Inc. and Stifel Financial Corp. Company insiders that have bought New Residential Investment stock in the last two years include Andrew Sloves, David Saltzman, Michael Nierenberg and Robert Mcginnis. 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, 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 $17.53.

How big of a company is New Residential Investment?

New Residential Investment has a market capitalization of $7.28 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.View Additional Information About New Residential Investment.

What is New Residential Investment's official website?

The official website for New Residential Investment is http://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]


MarketBeat Community Rating for New Residential Investment (NYSE NRZ)

Community Ranking:  2.9 out of 5 (star star)
Outperform Votes:  449 (Vote Outperform)
Underperform Votes:  325 (Vote Underperform)
Total Votes:  774
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.
This page was last updated on 2/19/2020 by MarketBeat.com Staff

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