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.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
SymbolNYSE:NRZ
CUSIPN/A
Phone212-479-3195
Debt
Debt-to-Equity RatioN/A
Current Ratio0.22
Quick Ratio0.22
Price-To-Earnings
Trailing P/E Ratio6.52
Forward P/E Ratio8.39
P/E GrowthN/A
Sales & Book Value
Annual Sales$1.52 billion
Price / Sales4.08
Cash FlowN/A
Price / CashN/A
Book Value$14.27 per share
Price / Book1.29
Profitability
EPS (Most Recent Fiscal Year)$2.83
Net Income$957.53 million
Net Margins89.43%
Return on Equity18.15%
Return on Assets4.07%
Miscellaneous
EmployeesN/A
Outstanding Shares336,170,000
Market Cap$6,192.23
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, June 22nd. Investors of record on Monday, July 2nd will be given a dividend of $0.50 per share on Friday, July 27th. This represents a $2.00 dividend on an annualized basis and a yield of 10.83%. The ex-dividend date of this dividend is Friday, June 29th. View New Residential Investment's Dividend History.
How were New Residential Investment's earnings last quarter?
New Residential Investment Corp (NYSE:NRZ) released its quarterly earnings data on Friday, April, 27th. The real estate investment trust reported $0.58 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.55 by $0.03. The real estate investment trust earned $259.19 million during the quarter, compared to analyst estimates of $185.89 million. New Residential Investment had a net margin of 89.43% and a return on equity of 18.15%. During the same period last year, the firm earned $0.54 earnings per share. View New Residential Investment's Earnings History.
When is New Residential Investment's next earnings date?
What price target have analysts set for NRZ?
6 equities research analysts have issued 12-month price targets for New Residential Investment's stock. Their forecasts range from $18.00 to $20.00. On average, they expect New Residential Investment's stock price to reach $18.8750 in the next year. This suggests a possible upside of 2.2% from the stock's current price. View Analyst Ratings for New Residential Investment.
What is the consensus analysts' recommendation for New Residential Investment?
6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New Residential Investment in the last year. There are currently 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
What are Wall Street analysts saying about New Residential Investment stock?
Here are some recent quotes from research analysts about New Residential Investment stock:
- 1. According to Zacks Investment Research, "New Residential Investment Corp. is a real estate investment trust. It focuses on investing in, and actively managing, investments related to residential real estate. The Company primarily target investments in excess mortgage servicing rights, residential mortgage backed securities, residential mortgage loans and other related investments. New Residential Investment Corp. is based in New York. " (7/3/2018)
- 2. FBR & Co analysts commented, "We reiterate our Buy rating on shares of New Residential and raise our price target from $17.50 to $19.25. New Residential delivered another strong quarter from an earnings perspective, beating consensus expectations by $0.11 per share on a core basis and realizing another book value increase. What’s most notable about this quarter is that there was nothing notable, just business as usual from an operating perspective. Business as usual has come to mean all the company’s portfolios returning mid-teens to low-twenties IRRs and a mid-to-high teen ROEs. Additionally, New Residential continued to modestly add to its consumer loan, non-agency RMBS and MSR portfolios. While management noted that the pace of investments is likely to moderate as the fixed income and MSR markets remain well-bid, the company remains on the lookout for an acquisition that would protect and extend the earnings life of the existing portfolio." (10/30/2017)
Who are some of New Residential Investment's key competitors?
Some companies that are related to New Residential Investment include DIGITAL Rlty Tr/SH SH (DLR), AvalonBay Communities (AVB), Equity Residential (EQR), Welltower (WELL), UNIBAIL-RODAMCO/ADR (UNRDY), Ventas (VTR), GGP (GGP), Boston Properties (BXP), SBA Communications (SBAC), Host Hotels and Resorts (HST), Realty Income (O), Essex Property Trust (ESS), Vornado Realty Trust (VNO), Alexandria Real Estate Equities (ARE) and Gecina (GECFF).
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 55)
- Mr. Nicola Santoro Jr., CFO & Treasurer (Age 50)
- Mr. David Schneider, Chief Accounting Officer
- Mr. Cameron D. MacDougall Esq., Sec. (Age 42)
Has New Residential Investment been receiving favorable news coverage?
Media headlines about NRZ stock have been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. New Residential Investment earned a coverage optimism score of 0.02 on Accern's scale. They also assigned news headlines about the real estate investment trust an impact score of 47.00 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the near future.
Who are New Residential Investment's major shareholders?
New Residential Investment's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Bank of Montreal Can (0.34%), KAMES CAPITAL plc (0.27%), Nwam LLC (0.06%), Clinton Group Inc. (0.04%), Menlo Advisors LLC (0.04%) and Mckinley Capital Management LLC Delaware (0.03%). Company insiders that own New Residential Investment stock include Andrew Sloves and Michael Nierenberg. View Institutional Ownership Trends for New Residential Investment.
Which institutional investors are selling New Residential Investment stock?
Which institutional investors are buying New Residential Investment stock?
NRZ stock was acquired by a variety of institutional investors in the last quarter, including Clinton Group Inc., KAMES CAPITAL plc, Cornerstone Wealth Management LLC, State of Alaska Department of Revenue, Menlo Advisors LLC, Mckinley Capital Management LLC Delaware and Nisa Investment Advisors LLC. Company insiders that have bought New Residential Investment stock in the last two years include Andrew Sloves and Michael Nierenberg. 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 $18.46.
How big of a company is New Residential Investment?
New Residential Investment has a market capitalization of $6.19 billion and generates $1.52 billion in revenue each year. The real estate investment trust earns $957.53 million in net income (profit) each year or $2.83 on an earnings per share basis.
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 212-479-3195 or via email at [email protected]
MarketBeat Community Rating for New Residential Investment (NYSE NRZ)
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.
