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

$6.88
-0.38 (-5.23 %)
(As of 03/29/2020 04:00 PM ET)
Today's Range
$6.80
Now: $6.88
$7.71
50-Day Range
$4.57
MA: $14.13
$17.63
52-Week Range
$4.36
Now: $6.88
$17.66
Volume20.40 million shs
Average Volume16.24 million shs
Market Capitalization$2.86 billion
P/E Ratio5.13
Dividend Yield27.55%
Beta1
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. 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.
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New Residential Investment logo

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$1.19 per share
Book Value$16.40 per share

Profitability

Net Income$563.30 million

Miscellaneous

Employees2,357
Market Cap$2.86 billion
Next Earnings Date5/6/2020 (Estimated)
OptionableOptionable

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New Residential Investment (NYSE:NRZ) Frequently Asked Questions

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

New Residential Investment's stock was trading at $13.75 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, NRZ stock has decreased by 50.0% and is now trading at $6.88. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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.

When is New Residential Investment's next earnings date?

New Residential Investment is scheduled to release its next quarterly earnings announcement on Wednesday, May 6th 2020. 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 earnings results on Thursday, February, 6th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.09. The real estate investment trust earned $216.08 million during the quarter, compared to the consensus estimate of $241.88 million. New Residential Investment had a net margin of 31.89% and a return on equity of 13.16%. During the same period last year, the company posted $0.58 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 Monday, December 16th. Shareholders 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 annualized dividend and a yield of 29.07%. The ex-dividend date of this dividend is Monday, December 30th. View New Residential Investment's dividend history.

What price target have analysts set for NRZ?

7 analysts have issued 12 month price objectives for New Residential Investment's stock. Their forecasts range from $16.00 to $20.00. On average, they expect New Residential Investment's share price to reach $18.25 in the next year. This suggests a possible upside of 165.3% from the stock's current price. View analysts' price targets for New Residential Investment.

Has New Residential Investment been receiving favorable news coverage?

News stories about NRZ stock have trended very positive this week, according to InfoTrie Sentiment. The research firm identifies negative and positive news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. New Residential Investment earned a daily sentiment score of 4.0 on InfoTrie's scale. They also assigned headlines about the real estate investment trust a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the next several days. View the latest news aboutNew Residential Investment.

Are investors shorting New Residential Investment?

New Residential Investment saw a decrease in short interest in the month of March. As of March 13th, there was short interest totaling 9,994,300 shares, a decrease of 16.9% from the February 27th total of 12,030,000 shares. Based on an average trading volume of 4,760,000 shares, the days-to-cover ratio is presently 2.1 days. Approximately 2.4% of the company's shares are short sold. 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?

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 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)

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 a variety of retail and institutional 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%), Geode Capital Management LLC (1.28%) and Credit Suisse AG (1.02%). 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 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 activity 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 Norges Bank, Renaissance Technologies LLC, FMR LLC, UBS Group AG, Geode Capital Management LLC, Waratah Capital Advisors Ltd., Capital Square LLC, and Janus Henderson Group PLC. 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.

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 $6.88.

How big of a company is New Residential Investment?

New Residential Investment has a market capitalization of $2.86 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:  469 (Vote Outperform)
Underperform Votes:  337 (Vote Underperform)
Total Votes:  806
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 3/29/2020 by MarketBeat.com Staff

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