New Residential Investment Stock Forecast, Price & News

$10.66
-0.28 (-2.56 %)
(As of 06/17/2021 02:16 PM ET)
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Today's Range
$10.56
$11.00
50-Day Range
$9.89
$11.21
52-Week Range
$6.38
$11.48
Volume164,319 shs
Average Volume5.69 million shs
Market Capitalization$4.97 billion
P/E Ratio10.88
Dividend Yield7.33%
Beta1.91
30 days | 90 days | 365 days | Advanced Chart
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About New Residential Investment

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 five segments: Origination, Servicing, MSR Related Investments, Residential Securities and Loans, and Consumer Loans. 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. New Residential Investment Corp. was founded in 2011 and is based in New York, New York.

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MarketRank

Overall MarketRank

3.01 out of 5 stars

Finance Sector

1st out of 1,977 stocks

Real Estate Investment Trusts Industry

1st out of 275 stocks

Analyst Opinion: 2.5Community Rank: 3.0Dividend Strength: 3.3Insider Behavior: 2.5Valuation: 3.8 5 -4 -3 -2 -1 -
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New Residential Investment (NYSE:NRZ) Frequently Asked Questions

Is New Residential Investment a buy right now?

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for New Residential Investment in the last year. There are currently 1 hold rating and 13 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" New Residential Investment stock.
View analyst ratings for New Residential Investment
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What stocks does MarketBeat like better than New Residential Investment?

Wall Street analysts have given New Residential Investment a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but New Residential Investment wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting New Residential Investment?

New Residential Investment saw a increase in short interest in the month of May. As of May 14th, there was short interest totaling 5,930,000 shares, an increase of 24.1% from the April 29th total of 4,780,000 shares. Based on an average trading volume of 6,370,000 shares, the days-to-cover ratio is presently 0.9 days.
View New Residential Investment's Short Interest
.

When is New Residential Investment's next earnings date?

New Residential Investment is scheduled to release its next quarterly earnings announcement on Wednesday, July 28th 2021.
View our earnings forecast for New Residential Investment
.

How were New Residential Investment's earnings last quarter?

New Residential Investment Corp. (NYSE:NRZ) posted its quarterly earnings data on Wednesday, May, 5th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.34. New Residential Investment had a net margin of 48.05% and a trailing twelve-month return on equity of 12.82%. During the same quarter in the prior year, the company posted ($0.48) EPS.
View New Residential Investment's earnings history
.

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 shares have decreased by 23.1% and is now trading at $10.58.
View which stocks have been most impacted by COVID-19
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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 Wednesday, March 24th. Shareholders of record on Monday, April 5th will be paid a dividend of $0.20 per share on Friday, April 30th. This represents a $0.80 dividend on an annualized basis and a yield of 7.56%. The ex-dividend date is Thursday, April 1st.
View New Residential Investment's dividend history
.

Is New Residential Investment a good dividend stock?

New Residential Investment pays an annual dividend of $0.80 per share and currently has a dividend yield of 7.33%. NRZ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. New Residential Investment does not yet have a strong track record of dividend growth. The dividend payout ratio of New Residential Investment is 54.79%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, New Residential Investment will have a dividend payout ratio of 46.78% next year. This indicates that New Residential Investment will be able to sustain or increase its dividend.
View New Residential Investment's dividend history.

What price target have analysts set for NRZ?

14 brokers have issued 12-month price targets for New Residential Investment's stock. Their forecasts range from $10.00 to $13.00. On average, they anticipate New Residential Investment's share price to reach $11.50 in the next twelve months. This suggests a possible upside of 8.7% from the stock's current price.
View analysts' price targets for New Residential Investment
or view top-rated stocks among Wall Street analysts.

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 58)
  • Mr. Nicola Santoro Jr., CFO, Chief Accounting Officer & Treasurer (Age 53)
  • Kaitlyn Mauritz, Head of Investor Relations
  • Mr. Cameron D. MacDougall Esq., Sec. (Age 45)

Who are some of New Residential Investment's key competitors?

What other stocks do shareholders of New Residential Investment own?

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 number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.07%), Geode Capital Management LLC (1.10%), Arrowstreet Capital Limited Partnership (0.87%), Northern Trust Corp (0.44%), Telemus Capital LLC (0.49%) and LSV Asset Management (0.43%). Company insiders that own New Residential Investment stock include Alan L Tyson, Andrew Sloves, 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 Allianz Asset Management GmbH, Arrowstreet Capital Limited Partnership, D. E. Shaw & Co. Inc., Janus Henderson Group PLC, Telemus Capital LLC, Thompson Siegel & Walmsley LLC, Morgan Stanley, and Goldman Sachs Group Inc..
View insider buying and selling activity for New Residential Investment
or view top insider-selling stocks.

Which major investors are buying New Residential Investment stock?

NRZ stock was purchased by a variety of institutional investors in the last quarter, including Great Lakes Advisors LLC, NFJ Investment Group LLC, Nomura Holdings Inc., BlackRock Inc., TCW Group Inc., Thrivent Financial for Lutherans, Citigroup Inc., and Foundry Partners LLC. Company insiders that have bought New Residential Investment stock in the last two years include Alan L Tyson, Andrew Sloves, Michael Nierenberg, Nicola Santoro Jr, and Robert Mcginnis.
View insider buying and selling activity for New Residential Investment
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is New Residential Investment's stock price today?

One share of NRZ stock can currently be purchased for approximately $10.58.

How much money does New Residential Investment make?

New Residential Investment has a market capitalization of $4.94 billion and generates $1.95 billion in revenue each year. The real estate investment trust earns $-1,410,360,000.00 in net income (profit) each year or $1.46 on an earnings per share basis.

How many employees does New Residential Investment have?

New Residential Investment employs 5,471 workers across the globe.

What is New Residential Investment's official website?

The official website for New Residential Investment is www.newresi.com.

Where are New Residential Investment's headquarters?

New Residential Investment is headquartered at 1345 AVENUE OF THE AMERICAS, NEW YORK NY, 10105.

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]


This page was last updated on 6/17/2021 by MarketBeat.com Staff
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