New Residential Investment Stock Forecast, Price & News

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.
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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.
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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.
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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.

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.

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.
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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.

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.

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.
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Some companies that are related to New Residential Investment include Essex Property Trust (ESS), Mid-America Apartment Communities (MAA), Sun Communities (SUI), Boston Properties (BXP), Healthpeak Properties (PEAK), Duke Realty (DRE), VICI Properties (VICI), UDR (UDR), W. P. Carey (WPC), Equity LifeStyle Properties (ELS), Iron Mountain (IRM), Camden Property Trust (CPT), Annaly Capital Management (NLY), Host Hotels & Resorts (HST) and Medical Properties Trust (MPW).
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Based on aggregate information from My MarketBeat watchlists, some companies that other New Residential Investment investors own include Two Harbors Investment (TWO), Washington Prime Group (WPG), AT&T (T), Energy Transfer (ET), Prospect Capital (PSEC), CBL & Associates Properties (CBL), Golar LNG Partners (GMLP), Annaly Capital Management (NLY), Orchid Island Capital (ORC) and New York Mortgage Trust (NYMT).

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

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.

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

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.

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

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

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

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]