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

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$16.86 -0.09 (-0.53 %)
(As of 03/20/2019 03:27 AM ET)
Previous Close$16.95
Today's Range$16.82 - $17.0150
52-Week Range$13.86 - $18.75
Volume4.79 million shs
Average Volume4.76 million shs
Market Capitalization$6.90 billion
P/E Ratio7.08
Dividend Yield11.80%
Beta1.11
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.

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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$1.66 billion
Cash Flow$0.3334 per share
Book Value$17.89 per share

Profitability

Net Income$963.96 million

Miscellaneous

EmployeesN/A
Market Cap$6.90 billion
Next Earnings Date4/26/2019 (Estimated)
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. Shareholders 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 annualized dividend and a yield of 11.86%. 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 earnings results on Tuesday, February, 12th. The real estate investment trust reported $0.58 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.55 by $0.03. The real estate investment trust had revenue of $266 million for the quarter, compared to analysts' expectations of $210.42 million. New Residential Investment had a return on equity of 13.88% and a net margin of 57.58%. During the same period last year, the company posted $0.61 EPS. 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 Friday, April 26th 2019. View Earnings Estimates for New Residential Investment.

What price target have analysts set for NRZ?

3 analysts have issued twelve-month price targets for New Residential Investment's shares. Their forecasts range from $18.00 to $21.00. On average, they anticipate New Residential Investment's stock price to reach $19.6667 in the next year. This suggests a possible upside of 16.6% 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?

Headlines about NRZ stock have been trending negative this week, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of media coverage by monitoring more than six thousand blog and news sources. 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 coverage optimism score of -2.0 on InfoTrie's scale. They also assigned media stories about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near future.

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 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 shareholders 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 Geode Capital Management LLC (1.19%). 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 Bank of America Corp DE, Bank of Montreal Can, FMR LLC, 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 and United Services Automobile Association. View Insider Buying and Selling for New Residential Investment.

Which major investors are buying New Residential Investment stock?

NRZ stock was purchased by a variety of institutional investors in the last quarter, including State Treasurer State of Michigan, Norges Bank, Vaughan Nelson Investment Management L.P., BlackRock Inc., Natixis Advisors L.P., Geode Capital Management LLC, Geode Capital Management LLC and Capital Advisors Inc. OK. 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 $16.86.

How big of a company is New Residential Investment?

New Residential Investment has a market capitalization of $6.90 billion and generates $1.66 billion in revenue each year. The real estate investment trust earns $963.96 million in net income (profit) each year or $2.38 on an earnings per share basis.

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:  353 (Vote Outperform)
Underperform Votes:  255 (Vote Underperform)
Total Votes:  608
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 3/20/2019 by MarketBeat.com Staff

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