New Residential Investment Corp. is a real estate investment trust (REIT). The Company focuses on investing in, and managing, investments related to residential real estate. The Company's segments include investments in excess mortgage servicing rights (Excess MSRs); investments in mortgage servicing rights (MSRs); investments in servicer advances; investments in real estate securities; investments in residential mortgage loans; investments in consumer loans, and corporate. Its portfolio includes mortgage servicing related assets, residential mortgage backed securities (RMBS), residential mortgage loans and other investments. The Company's servicing related assets include its investments in Excess MSRs, MSRs and servicer advances. The Company invests in agency RMBS and non-agency RMBS. The Company's other investments consist of consumer loans.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Mortgage REITs
- Sub-Industry: N/A
- Symbol: NYSE:NRZ
- CUSIP: N/A
- Web: www.newresi.com
- Market Cap: $4.90505 billion
- Outstanding Shares: 307,334,000
- 50 Day Moving Avg: $16.05
- 200 Day Moving Avg: $16.37
- 52 Week Range: $13.30 - $17.86
Sales & Book Value:
- Trailing P/E Ratio: 7.82
- Foreward P/E Ratio: 7.22
- P/E Growth: 11.92
- Annual Revenue: $876.3 million
- Price / Sales: 5.59
- Book Value: $13.35 per share
- Price / Book: 1.19
- Annual Dividend: $2.00
- Dividend Yield: 12.5%
- Net Margins: 43.60%
- Return on Equity: 15.48%
- Return on Assets: 2.99%
- Current Ratio: 0.32%
- Quick Ratio: 0.32%
- Average Volume: 4.43 million shs.
- Beta: 1
- Short Ratio: 0.97
Frequently Asked Questions for New Residential Investment Corp. (NYSE:NRZ)
What is New Residential Investment Corp.'s stock symbol?
New Residential Investment Corp. trades on the New York Stock Exchange (NYSE) under the ticker symbol "NRZ."
How often does New Residential Investment Corp. pay dividends? What is the dividend yield for New Residential Investment Corp.?
New Residential Investment Corp. declared a quarterly dividend on Wednesday, June 21st. Stockholders of record on Monday, July 3rd will be given a dividend of $0.50 per share on Friday, July 28th. This represents a $2.00 annualized dividend and a dividend yield of 12.54%. The ex-dividend date of this dividend is Thursday, June 29th. This is an increase from New Residential Investment Corp.'s previous quarterly dividend of $0.48. View New Residential Investment Corp.'s Dividend History.
How were New Residential Investment Corp.'s earnings last quarter?
New Residential Investment Corp. (NYSE:NRZ) announced its earnings results on Monday, May, 1st. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.01. The business earned $170.60 million during the quarter, compared to the consensus estimate of $239.83 million. New Residential Investment Corp. had a net margin of 43.60% and a return on equity of 15.48%. The company's revenue was down 21.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.49 EPS. View New Residential Investment Corp.'s Earnings History.
When will New Residential Investment Corp. make its next earnings announcement?
Where is New Residential Investment Corp.'s stock going? Where will New Residential Investment Corp.'s stock price be in 2017?
8 equities research analysts have issued 1 year target prices for New Residential Investment Corp.'s stock. Their predictions range from $15.00 to $17.50. On average, they anticipate New Residential Investment Corp.'s share price to reach $16.43 in the next twelve months. View Analyst Ratings for New Residential Investment Corp..
What are analysts saying about New Residential Investment Corp. stock?
Here are some recent quotes from research analysts about New Residential Investment Corp. stock:
- 1. FBR & Co analysts commented, "Wells Fargo’s recent action of retaining legal reserves on deals called by New Residential caused the stock to sell off over 8% and has raised a lot of questions around the company and the wider non-agency RMBS market. We believe that New Residential’s call right strategy is the only of its strategies to be meaningfully impacted by the recent events and, as such, view the recent sell-off as overblown. That said, we acknowledge that it could take some time for the market to work through the headline noise currently surrounding the stock, which could mean that shares remain range-bound in the near-term." (7/10/2017)
- 2. 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. " (7/5/2017)
Who are some of New Residential Investment Corp.'s key competitors?
Some companies that are related to New Residential Investment Corp. include American Capital Agency Corp. (AGNC), STARWOOD PROPERTY TRUST, INC. (STWD), Chimera Investment Corporation (CIM), MFA Financial (MFA), Capital Trust (BXMT), Apollo Commercial Real Estate Finance (ARI), INVESCO MORTGAGE CAPITAL INC (IVR), Redwood Trust (RWT), CYS Investments (CYS), PennyMac Mortgage Investment Trust (PMT), Ladder Capital Corp (LADR), Capstead Mortgage Corporation (CMO), iStar Financial (STAR), American Capital Mortgage Investment Corp. (MTGE), New York Mortgage Trust (NYMT), AG Mortgage Investment Trust (MITT), Orchid Island Capital (ORC) and Western Asset Mortgage Capital Corporation (WMC).
Who are New Residential Investment Corp.'s key executives?
New Residential Investment Corp.'s management team includes the folowing people:
- Michael Nierenberg, Chairman of the Board, President, Chief Executive Officer
- Nicola Santoro Jr., Chief Financial Officer, Treasurer
- Jonathan R. Brown, Chief Accounting Officer
- Kevin J. Finnerty, Independent Director
- Douglas L. Jacobs, Independent Director
- Robert J. McGinnis, Independent Director
- David Saltzman, Independent Director
- Andrew Sloves, Independent Director
Who owns New Residential Investment Corp. stock?
New Residential Investment Corp.'s stock is owned by a variety of of institutional and retail investors. Top institutional investors include Vaughan Nelson Investment Management L.P. (1.53%), Advisors Capital Management LLC (0.34%), Bank of Montreal Can (0.14%), KAMES CAPITAL plc (0.11%), SeaBridge Investment Advisors LLC (0.07%) and Menlo Advisors LLC (0.05%). Company insiders that own New Residential Investment Corp. stock include Andrew Sloves and Michael Nierenberg. View Institutional Ownership Trends for New Residential Investment Corp..
Who sold New Residential Investment Corp. stock? Who is selling New Residential Investment Corp. stock?
New Residential Investment Corp.'s stock was sold by a variety of institutional investors in the last quarter, including Vaughan Nelson Investment Management L.P., Orinda Asset Management LLC, Bank of Montreal Can, Nisa Investment Advisors LLC, Meeder Asset Management Inc. and SeaBridge Investment Advisors LLC. View Insider Buying and Selling for New Residential Investment Corp..
Who bought New Residential Investment Corp. stock? Who is buying New Residential Investment Corp. stock?
New Residential Investment Corp.'s stock was purchased by a variety of institutional investors in the last quarter, including KAMES CAPITAL plc, James Investment Research Inc., Advisors Capital Management LLC, Quantitative Systematic Strategies LLC, Breton Hill Capital Ltd., Creative Planning, Visionary Asset Management Inc. and Aperio Group LLC. Company insiders that have bought New Residential Investment Corp. stock in the last two years include Andrew Sloves and Michael Nierenberg. View Insider Buying and Selling for New Residential Investment Corp..
How do I buy New Residential Investment Corp. stock?
Shares of New Residential Investment Corp. can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is New Residential Investment Corp.'s stock price today?
MarketBeat Community Rating for New Residential Investment Corp. (NYSE NRZ)MarketBeat's community ratings are surveys of what our community members think about New Residential Investment Corp. and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of New Residential Investment Corp. stock can currently be purchased for approximately $15.95.
Consensus Ratings for New Residential Investment Corp. (NYSE:NRZ) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Hold Ratings, 6 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.75)|
|Consensus Price Target: ||$16.43 (3.00% upside)|
Analysts' Ratings History for New Residential Investment Corp. (NYSE:NRZ)
(Data available from 7/25/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|7/10/2017||FBR & Co||Reiterated Rating||Buy||$17.50||Low|
|6/20/2017||Wedbush||Downgrade||Outperform -> Neutral||$17.00 -> $16.50||High|
|6/6/2017||Keefe, Bruyette & Woods||Set Price Target||Buy||$17.00||Low|
|1/31/2017||Compass Point||Upgrade||Neutral -> Buy||N/A|
|11/19/2016||Barclays PLC||Set Price Target||Buy||$16.00||N/A|
|9/11/2016||Credit Suisse Group||Reiterated Rating||Buy||$17.00||N/A|
|9/9/2016||Piper Jaffray Companies||Reiterated Rating||Overweight||$16.00||N/A|
|5/16/2016||Sterne Agee CRT||Reiterated Rating||Buy||N/A|
|12/23/2015||JMP Securities||Initiated Coverage||Outperform||$15.00||N/A|
Earnings History for New Residential Investment Corp. (NYSE:NRZ)Earnings History by Quarter for New Residential Investment Corp. (NYSE NRZ)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/31/2017|| || || || || || || || |
|5/1/2017||Q1 2017||$0.53||$0.54||$239.83 million||$170.60 million||View||Listen|
|2/21/2017||Q416||$0.55||$0.62||$158.30 million||$231.81 million||View||Listen|
|11/2/2016||Q316||$0.49||$0.51||$147.70 million||$185.90 million||View||N/A|
|8/2/2016||Q216||$0.50||$0.52||$161.00 million||$137.43 million||View||N/A|
|5/4/2016||Q116||$0.50||$0.49||$114.71 million||$108.81 million||View||N/A|
|2/24/2016||Q415||$0.49||$0.52||$118.41 million||$119.58 million||View||Listen|
|11/3/2015||Q315||$0.49||$0.49||$144.77 million||$104.78 million||View||N/A|
|8/10/2015||Q215||$0.46||$0.45||$70.48 million||$96.31 million||View||Listen|
|5/8/2015||Q115||$0.43||$0.44||$58.44 million||$50.39 million||View||N/A|
|2/27/2015||Q314||$0.39||$0.41||$54.66 million||$53.23 million||View||N/A|
|11/6/2014||Q3 2014||$0.37||$0.43||$64.28 million||View||N/A|
Earnings Estimates for New Residential Investment Corp. (NYSE:NRZ)
2017 EPS Consensus Estimate: $2.07
2018 EPS Consensus Estimate: $2.06
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for New Residential Investment Corp. (NYSE:NRZ)
|Dividend Growth:||55.40% (3 Year Average)|
|Payout Ratio:||98.52% (Trailing 12 Months of Earnings) |
93.02% (Based on This Year's Estimates)
90.50% (Based on Next Year's Estimates)
|Track Record:||3 Years of Consecutive Dividend Growth|
Dividend History by Quarter for New Residential Investment Corp. (NYSE NRZ)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for New Residential Investment Corp. (NYSE:NRZ)
Insider Ownership Percentage: 4.00%Insider Trades by Quarter for New Residential Investment Corp. (NYSE:NRZ)
Institutional Ownership Percentage: 54.78%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|2/3/2017||Michael Nierenberg||CEO||Buy||18,600||$15.00||$279,000.00|| |
|11/11/2016||Andrew Sloves||Director||Buy||13,200||$14.22||$187,704.00|| |
|6/15/2015||Michael Nierenberg||CEO||Buy||9,100||$16.05||$146,055.00|| |
|6/15/2015||Wesley R Edens||Director||Sell||3,245,764||$15.88||$51,542,732.32|| |
|5/13/2015||Alan L Tyson||Director||Buy||20,000||$16.85||$337,000.00|| |
|4/13/2015||Loan Servicing Solutions Home||Major Shareholder||Sell||28,286,980||$14.95||$422,890,351.00|| |
|4/13/2015||Michael Nierenberg||CEO||Buy||250,000||$15.25||$3,812,500.00|| |
|4/30/2014||Michael Nierenberg||CEO||Buy||1,000,000||$6.10||$6,100,000.00|| |
Headline Trends for New Residential Investment Corp. (NYSE:NRZ)
Latest Headlines for New Residential Investment Corp. (NYSE:NRZ)
New Residential Investment Corp. (NRZ) Chart for Tuesday, July, 25, 2017