NYSE:NRZNew Residential Investment Stock Price, Forecast & News

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 (WHO). Since then, NRZ shares have decreased by 47.3% and is now trading at $7.24. View which stocks have been most impacted by Coronavirus.

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New Residential Investment in the last year. There are currently 3 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for New Residential Investment.

New Residential Investment is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for New Residential Investment.

New Residential Investment Corp (NYSE:NRZ) posted its earnings results on Tuesday, May, 5th. The real estate investment trust reported $0.48 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.23 by $0.25. The real estate investment trust earned $185.52 million during the quarter, compared to analysts' expectations of $215.46 million. New Residential Investment had a positive return on equity of 14.32% and a negative net margin of 67.84%. During the same period in the prior year, the firm earned $0.53 earnings per share. View New Residential Investment's earnings history.

New Residential Investment declared a quarterly dividend on Tuesday, June 23rd. Stockholders of record on Thursday, July 2nd will be paid a dividend of $0.10 per share on Friday, July 31st. This represents a $0.40 annualized dividend and a dividend yield of 5.52%. The ex-dividend date is Wednesday, July 1st. This is an increase from New Residential Investment's previous quarterly dividend of $0.05. View New Residential Investment's dividend history.

10 analysts have issued 1 year price objectives for New Residential Investment's shares. Their forecasts range from $8.50 to $20.00. On average, they anticipate New Residential Investment's stock price to reach $13.39 in the next twelve months. This suggests a possible upside of 84.9% from the stock's current price. View analysts' price targets for New Residential Investment.

Media coverage about NRZ stock has trended very negative this week, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public 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 -3.3 on InfoTrie's scale. They also assigned news headlines about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news about New Residential Investment.

New Residential Investment saw a decline in short interest in the month of June. As of June 15th, there was short interest totaling 11,960,000 shares, a decline of 8.9% from the May 31st total of 13,130,000 shares. Based on an average daily trading volume, of 15,830,000 shares, the days-to-cover ratio is presently 0.8 days. Approximately 2.9% of the shares of the company are short sold. View New Residential Investment's Current Options Chain.

Some companies that are related to New Residential Investment include Extra Space Storage (EXR), WP Carey (WPC), Equity Lifestyle Properties (ELS), UDR (UDR), Medical Properties Trust (MPW), ANNALY CAP MGMT/SH (NLY), VICI Properties (VICI), Camden Property Trust (CPT), SINO LD LTD/S (SNLAY), CyrusOne (CONE), American Homes 4 Rent (AMH), Regency Centers (REG), Host Hotels and Resorts (HST), Iron Mountain (IRM) and Gaming and Leisure Properties (GLPI). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other New Residential Investment investors own include AT&T (T), Prospect Capital (PSEC), Two Harbors Investment (TWO), Energy Transfer LP Unit (ET), ANNALY CAP MGMT/SH (NLY), Chembio Diagnostics (CEMI), Washington Prime Group (WPG), CHIMERA INVT CO/SH NEW (CIM), AGNC Investment (AGNC) and Enterprise Products Partners (EPD).

New Residential Investment trades on the New York Stock Exchange (NYSE) under the ticker symbol "NRZ."

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 $7.24.

New Residential Investment has a market capitalization of $3.01 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.

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]