New Residential Investment Corp. Company Profile (NYSE:NRZ)

About New Residential Investment Corp. (NYSE:NRZ)

New Residential Investment Corp. logoNew 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
Capitalization:
  • Market Cap: $4.90505 billion
  • Outstanding Shares: 307,334,000
Average Prices:
  • 50 Day Moving Avg: $16.05
  • 200 Day Moving Avg: $16.37
  • 52 Week Range: $13.30 - $17.86
P/E:
  • Trailing P/E Ratio: 7.82
  • Foreward P/E Ratio: 7.22
  • P/E Growth: 11.92
Sales & Book Value:
  • Annual Revenue: $876.3 million
  • Price / Sales: 5.59
  • Book Value: $13.35 per share
  • Price / Book: 1.19
Dividend:
  • Annual Dividend: $2.00
  • Dividend Yield: 12.5%
Profitability:
  • Net Margins: 43.60%
  • Return on Equity: 15.48%
  • Return on Assets: 2.99%
Debt:
  • Current Ratio: 0.32%
  • Quick Ratio: 0.32%
Misc:
  • 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. announced a quarterly dividend on Wednesday, June 21st. Investors of record on Monday, July 3rd will be paid a dividend of $0.50 per share on Friday, July 28th. This represents a $2.00 dividend on an annualized basis and a yield of 12.54%. The ex-dividend date is Thursday, June 29th. This is a boost 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) released its quarterly earnings results on Monday, May, 1st. The company reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.53 by $0.01. The firm earned $170.60 million during the quarter, compared to the consensus estimate of $239.83 million. New Residential Investment Corp. had a return on equity of 15.48% and a net margin of 43.60%. The business's revenue was down 21.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.49 earnings per share. View New Residential Investment Corp.'s Earnings History.

When will New Residential Investment Corp. make its next earnings announcement?

New Residential Investment Corp. is scheduled to release their next quarterly earnings announcement on Monday, July, 31st 2017. View Earnings Estimates for New Residential Investment Corp..

Where is New Residential Investment Corp.'s stock going? Where will New Residential Investment Corp.'s stock price be in 2017?

8 brokers have issued twelve-month target prices for New Residential Investment Corp.'s shares. Their predictions range from $15.00 to $17.50. On average, they expect 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?

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 retail and institutional 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 acquired 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?

One share of New Residential Investment Corp. stock can currently be purchased for approximately $15.95.


MarketBeat Community Rating for New Residential Investment Corp. (NYSE NRZ)
Community Ranking:  3.3 out of 5 (  )
Outperform Votes:  170 (Vote Outperform)
Underperform Votes:  85 (Vote Underperform)
Total Votes:  255
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.

Analyst Ratings

Consensus Ratings for New Residential Investment Corp. (NYSE:NRZ) (How are Consensus Ratings Calculated?)
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)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
7/10/2017FBR & CoReiterated RatingBuy$17.50LowView Rating Details
6/20/2017WedbushDowngradeOutperform -> Neutral$17.00 -> $16.50HighView Rating Details
6/6/2017Keefe, Bruyette & WoodsSet Price TargetBuy$17.00LowView Rating Details
1/31/2017Compass PointUpgradeNeutral -> BuyN/AView Rating Details
11/19/2016Barclays PLCSet Price TargetBuy$16.00N/AView Rating Details
11/3/2016NomuraReiterated RatingHold$15.00N/AView Rating Details
9/11/2016Credit Suisse GroupReiterated RatingBuy$17.00N/AView Rating Details
9/9/2016Piper Jaffray CompaniesReiterated RatingOverweight$16.00N/AView Rating Details
5/16/2016Sterne Agee CRTReiterated RatingBuyN/AView Rating Details
12/23/2015JMP SecuritiesInitiated CoverageOutperform$15.00N/AView Rating Details
(Data available from 7/25/2015 forward)

Earnings

Earnings History for New Residential Investment Corp. (NYSE:NRZ)
Earnings by Quarter for New Residential Investment Corp. (NYSE:NRZ)
Earnings History by Quarter for New Residential Investment Corp. (NYSE NRZ)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
7/31/2017        
5/1/2017Q1 2017$0.53$0.54$239.83 million$170.60 millionViewListenView Earnings Details
2/21/2017Q416$0.55$0.62$158.30 million$231.81 millionViewListenView Earnings Details
11/2/2016Q316$0.49$0.51$147.70 million$185.90 millionViewN/AView Earnings Details
8/2/2016Q216$0.50$0.52$161.00 million$137.43 millionViewN/AView Earnings Details
5/4/2016Q116$0.50$0.49$114.71 million$108.81 millionViewN/AView Earnings Details
2/24/2016Q415$0.49$0.52$118.41 million$119.58 millionViewListenView Earnings Details
11/3/2015Q315$0.49$0.49$144.77 million$104.78 millionViewN/AView Earnings Details
8/10/2015Q215$0.46$0.45$70.48 million$96.31 millionViewListenView Earnings Details
5/8/2015Q115$0.43$0.44$58.44 million$50.39 millionViewN/AView Earnings Details
2/27/2015Q314$0.39$0.41$54.66 million$53.23 millionViewN/AView Earnings Details
11/6/2014Q3 2014$0.37$0.43$64.28 millionViewN/AView Earnings Details
8/6/2014Q214$0.18$0.20$56.14 millionViewN/AView Earnings Details
4/4/2014$0.16$0.14ViewN/AView Earnings Details
3/20/2014Q413$0.16$0.14ViewN/AView Earnings Details
11/7/2013$0.18$0.15ViewN/AView Earnings Details
8/7/2013Q213$0.15ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for New Residential Investment Corp. (NYSE:NRZ)
2017 EPS Consensus Estimate: $2.07
2018 EPS Consensus Estimate: $2.06
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.49$0.59$0.54
Q2 20172$0.51$0.52$0.52
Q3 20172$0.50$0.51$0.51
Q4 20172$0.49$0.52$0.51
Q1 20182$0.51$0.54$0.53
Q2 20182$0.51$0.52$0.52
Q3 20182$0.51$0.51$0.51
Q4 20182$0.50$0.51$0.51
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for New Residential Investment Corp. (NYSE:NRZ)
Next Dividend:7/28/2017
Annual Dividend:$2.00
Dividend Yield:12.54%
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 Payments by Quarter for New Residential Investment Corp. (NYSE:NRZ)

Dividend History by Quarter for New Residential Investment Corp. (NYSE NRZ)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
6/21/2017quarterly$0.5011.93%6/29/20177/3/20177/28/2017
1/30/2017quarterly$0.4811.41%3/23/20173/27/20174/28/2017
12/16/2016quarterly$0.4611.38%12/28/201612/30/20161/31/2017
9/23/2016quarterly$0.469/29/201610/3/201610/28/2016
6/27/2016quarterly$0.467/5/20167/7/20167/29/2016
3/22/2016quarterly$0.463/31/20164/4/20164/29/2016
12/10/2015quarterly$0.4612/29/201512/31/20151/29/2016
9/22/2015quarterly$0.4610/1/201510/5/201510/30/2015
5/14/2015quarterly$0.4510.44%5/21/20155/26/20157/24/2015
3/17/2015quarterly$0.3810.11%3/24/20153/26/20154/30/2015
12/19/2014special$0.3812/26/201412/30/20141/30/2015
9/18/2014quarterly$0.189/25/20149/29/201410/31/2014
6/17/2014special$0.0810.8%6/25/20146/27/20147/31/2014
3/20/2014quarterly$0.183/27/20143/31/20144/30/2014
12/18/2013quarterly$0.1810.31%12/26/201312/30/20131/31/2014
12/18/2013special$0.0810.31%12/26/201312/30/20131/31/2014
9/18/2013quarterly$0.1810.45%9/25/20139/27/201310/31/2013
6/4/2013quarterly$0.076/11/20136/13/20137/31/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for New Residential Investment Corp. (NYSE:NRZ)
Insider Ownership Percentage: 4.00%
Institutional Ownership Percentage: 54.78%
Insider Trades by Quarter for New Residential Investment Corp. (NYSE:NRZ)
Institutional Ownership by Quarter for New Residential Investment Corp. (NYSE:NRZ)
Insider Trades by Quarter for New Residential Investment Corp. (NYSE:NRZ)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
2/3/2017Michael NierenbergCEOBuy18,600$15.00$279,000.00View SEC Filing  
11/11/2016Andrew SlovesDirectorBuy13,200$14.22$187,704.00View SEC Filing  
6/15/2015Michael NierenbergCEOBuy9,100$16.05$146,055.00View SEC Filing  
6/15/2015Wesley R EdensDirectorSell3,245,764$15.88$51,542,732.32View SEC Filing  
5/13/2015Alan L TysonDirectorBuy20,000$16.85$337,000.00View SEC Filing  
4/13/2015Loan Servicing Solutions HomeMajor ShareholderSell28,286,980$14.95$422,890,351.00View SEC Filing  
4/13/2015Michael NierenbergCEOBuy250,000$15.25$3,812,500.00View SEC Filing  
4/30/2014Michael NierenbergCEOBuy1,000,000$6.10$6,100,000.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for New Residential Investment Corp. (NYSE:NRZ)
Latest Headlines for New Residential Investment Corp. (NYSE:NRZ)
Source:
DateHeadline
finance.yahoo.com logoNew Residential Schedules Second Quarter 2017 Earnings Release and Conference Call
finance.yahoo.com - July 25 at 6:14 AM
businesswire.com logoNew Residential and Ocwen Financial Announce Agreement Relating to Mortgage Servicing Rights Transfer and ... - Business Wire (press release)
www.businesswire.com - July 24 at 8:29 AM
seekingalpha.com logoNew Residential: Despite Big Risks, 12.5% Yield Is Attractive - New ... - Seeking Alpha
seekingalpha.com - July 24 at 8:29 AM
finance.yahoo.com logoNew Residential and Ocwen Financial Announce Agreement Relating to Mortgage Servicing Rights Transfer and Subservicing Agreement
finance.yahoo.com - July 24 at 8:29 AM
americanbankingnews.com logoNew Residential Investment Corp. (NRZ) Downgraded by Vetr Inc.
www.americanbankingnews.com - July 21 at 12:44 AM
americanbankingnews.com logoNew Residential Investment Corp. (NYSE:NRZ) Receives Consensus Rating of "Buy" from Brokerages
www.americanbankingnews.com - July 18 at 11:35 AM
americanbankingnews.com logoNew Residential Investment Corp. (NYSE:NRZ) Stock Rating Reaffirmed by FBR & Co
www.americanbankingnews.com - July 10 at 11:38 AM
americanbankingnews.com logoNew Residential Investment Corp. (NYSE:NRZ) Downgraded by Zacks Investment Research
www.americanbankingnews.com - July 5 at 8:12 AM
americanbankingnews.com logoNew Residential Investment Corp. (NYSE:NRZ) Downgraded by ValuEngine
www.americanbankingnews.com - July 1 at 9:28 AM
americanbankingnews.com logoNew Residential Investment Corp. (NRZ) Lowered to Hold at BidaskClub
www.americanbankingnews.com - June 29 at 7:20 PM
americanbankingnews.com logoTraders Purchase High Volume of Put Options on New Residential Investment Corp. (NRZ)
www.americanbankingnews.com - June 28 at 7:24 PM
seekingalpha.com logoNew Residential Investment Corp Sets Itself Up For Failure - Seeking Alpha
seekingalpha.com - June 28 at 12:02 AM
seekingalpha.com logoNew Residential Investments Corp Sets Itself Up For Failure - Seeking Alpha
seekingalpha.com - June 27 at 6:43 AM
seekingalpha.com logoWill The Dividend Raise Bring Back Investors' Love Of New Residential Investment?
seekingalpha.com - June 26 at 8:41 AM
seekingalpha.com logoNew Residential Investment: I Love This Dividend Machine
seekingalpha.com - June 23 at 7:26 PM
americanbankingnews.com logoNew Residential Investment Corp. (NRZ) Given Average Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - June 23 at 11:46 AM
americanbankingnews.com logoWedbush Weighs in on New Residential Investment Corp.'s Q2 2017 Earnings (NRZ)
www.americanbankingnews.com - June 22 at 7:34 AM
finance.yahoo.com logoNew Residential Increases Second Quarter Dividend to $0.50 Per Common Share
finance.yahoo.com - June 21 at 8:08 PM
americanbankingnews.com logoNew Residential Investment Corp. (NRZ) Increases Dividend to $0.50 Per Share
www.americanbankingnews.com - June 21 at 6:42 PM
americanbankingnews.com logoNew Residential Investment Corp. (NRZ) Rating Increased to Strong-Buy at ValuEngine
www.americanbankingnews.com - June 20 at 11:40 PM
finance.yahoo.com logoNew Residential Falls as Mortgage Rates Head Lower
finance.yahoo.com - June 20 at 7:59 PM
americanbankingnews.com logoNew Residential Investment Corp. (NRZ) Stock Rating Lowered by Wedbush
www.americanbankingnews.com - June 20 at 8:07 AM
americanbankingnews.com logoNew Residential Investment Corp. (NRZ) Rating Increased to Buy at BidaskClub
www.americanbankingnews.com - June 16 at 9:23 PM
finance.yahoo.com logoAltisource Solutions S.a.r.l. -- Moody's continues review of Altisource's ratings
finance.yahoo.com - June 16 at 7:52 PM
nasdaq.com logoWhy New Residential Investment Is a Top 10 REIT Stock With 12.00% Yield (NRZ)
www.nasdaq.com - June 8 at 9:47 AM
americanbankingnews.com logoNew Residential Investment Corp (NRZ) PT Set at $17.00 by Keefe, Bruyette & Woods
www.americanbankingnews.com - June 7 at 6:40 PM
americanbankingnews.com logoNew Residential Investment Corp Sees Unusually Large Options Volume (NRZ)
www.americanbankingnews.com - June 2 at 7:18 AM
nasdaq.com logoNew Residential Investment (NRZ) Passes Through 12% Yield Mark
www.nasdaq.com - May 31 at 7:15 PM
americanbankingnews.com logoNew Residential Investment Corp (NRZ) Given Consensus Rating of "Buy" by Brokerages
www.americanbankingnews.com - May 29 at 9:53 AM
seekingalpha.com logoNew Residential Investment: Call Rights Accounting - Seeking Alpha
seekingalpha.com - May 25 at 12:03 AM
nasdaq.com logoJuly 21st Options Now Available For New Residential Investment (NRZ)
www.nasdaq.com - May 22 at 6:07 PM
seekingalpha.com logoNew Residential Investment Corp. Doesn't Deserve Premium
seekingalpha.com - May 22 at 6:07 PM
americanbankingnews.com logoNew Residential Investment Corp (NRZ) Short Interest Up 61.6% in April
www.americanbankingnews.com - May 16 at 7:20 AM
americanbankingnews.com logoQ2 2017 EPS Estimates for New Residential Investment Corp (NRZ) Lifted by Wedbush
www.americanbankingnews.com - May 5 at 7:16 AM
americanbankingnews.com logoNew Residential Investment Corp Expected to Earn Q1 2018 Earnings of $0.56 Per Share (NRZ)
www.americanbankingnews.com - May 4 at 5:50 PM
americanbankingnews.com logoNew Residential Investment Corp (NRZ) Earns Daily News Sentiment Rating of 0.21
www.americanbankingnews.com - May 4 at 1:15 AM
seekingalpha.com logoNew Residential Investment Corp.: This 11% Yielder Remains A Strong Buy After Earnings
seekingalpha.com - May 2 at 7:50 PM
finance.yahoo.com logoEdited Transcript of NRZ earnings conference call or presentation 1-May-17 12:00pm GMT
finance.yahoo.com - May 2 at 7:50 PM
americanbankingnews.com logoNew Residential Investment Corp (NRZ) Stock Rating Reaffirmed by FBR & Co
www.americanbankingnews.com - May 2 at 1:28 PM
americanbankingnews.com logoNew Residential Investment Corp (NRZ) Issues Quarterly Earnings Results, Beats Expectations By $0.01 EPS
www.americanbankingnews.com - May 1 at 5:52 PM
seekingalpha.com logoNew Residential Investment Corp. 2017 Q1 - Results - Earnings Call Slides
seekingalpha.com - May 1 at 5:49 PM
benzinga.com logoNew Residential Investment Corp Higher After Q1 Beat - Benzinga
www.benzinga.com - May 1 at 12:14 PM
finance.yahoo.com logoNew Residential Announces First Quarter 2017 Results
finance.yahoo.com - May 1 at 12:14 PM
finance.yahoo.com logoNew Residential Investment posts 1Q profit
finance.yahoo.com - May 1 at 12:14 PM
americanbankingnews.com logoSomewhat Favorable Media Coverage Likely to Affect New Residential Investment Corp (NRZ) Share Price
www.americanbankingnews.com - April 30 at 5:20 PM
americanbankingnews.com logoNew Residential Investment Corp (NRZ) Set to Announce Earnings on Monday
www.americanbankingnews.com - April 29 at 9:38 AM
americanbankingnews.com logoNew Residential Investment Corp (NRZ) Earning Somewhat Positive Press Coverage, Analysis Shows
www.americanbankingnews.com - April 28 at 1:01 AM
americanbankingnews.com logoNew Residential Investment Corp (NRZ) Lowered to C at TheStreet
www.americanbankingnews.com - April 27 at 4:14 PM
benzinga.com logoNew Residential Investment Corp Attempts To Stabilize
www.benzinga.com - April 25 at 10:23 AM
seekingalpha.com logoNew Residential Investment: What To Do After Last Week's Massacre?
seekingalpha.com - April 25 at 10:23 AM

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Chart

New Residential Investment Corp. (NRZ) Chart for Tuesday, July, 25, 2017

This page was last updated on 7/25/2017 by MarketBeat.com Staff