NYSE:NRZNew Residential Investment Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding New Residential Investment Corp Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $7.76 +0.13 (+1.70 %) (As of 05/28/2020 02:53 PM ET) Add Compare Share Today's Range$7.45Now: $7.76▼$8.0450-Day Range$3.43MA: $5.84▼$7.3752-Week Range$2.91Now: $7.76▼$17.66Volume610,290 shsAverage Volume11.04 million shsMarket Capitalization$3.23 billionP/E RatioN/ADividend Yield2.71%Beta1.8 ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media 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 and Originations, Residential Securities and Loans, and Consumer Loans 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 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. The company was founded in 2011 and is based in New York, New York.Read More Beat the Market (BTM) Rank™ 3.3 Analyst's Opinion Consensus RatingNew Residential Investment has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 6 buy ratings, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $15.06, New Residential Investment has a potential upside of 94.1% from its current price of $7.76.Amount of Analyst CoverageNew Residential Investment has only been the subject of 3 research reports in the past 90 days. Previous Next 2.9 Community Rank Outperform VotesNew Residential Investment has received 487 “outperform” votes. (Add your “outperform” vote.)Underperform VotesNew Residential Investment has received 350 “underperform” votes. (Add your “underperform” vote.)Community SentimentNew Residential Investment has received 58.18% “outperform” votes from our community.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. Previous Next 4.2 Dividend Strength Dividend LeadershipNew Residential Investment is a leading dividend payer. It pays a dividend yield of 2.71%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthNew Residential Investment has been increasing its dividend for 5 years.Dividend CoverageThe dividend payout ratio of New Residential Investment is 9.22 %. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, New Residential Investment will have a dividend payout ratio of 20.41 % next year. This indicates that New Residential Investment will be able to sustain or increase its dividend. Previous Next 4.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, New Residential Investment insiders have bought more of their company's stock than they have sold. Specifically, they have bought $342,100.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 0.47% of the stock of New Residential Investment is held by insiders.Percentage Held by Institutions43.80% of the stock of New Residential Investment is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for New Residential Investment are expected to grow by 42.03% in the coming year, from $0.69 to $0.98 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of New Residential Investment is -2.69, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of New Residential Investment is -2.69, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioNew Residential Investment has a P/B Ratio of 0.71. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 3.3Community Rank: 2.9Dividend Strength: 4.2Insider Behavior: 4.0Valuation: 2.5 5 -4 -3 -2 -1 -Overall Beat the Market Rank™3.38 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Real estate investment trusts Sub-IndustryN/A SectorFinance Current SymbolNYSE:NRZ Previous Symbol CUSIPN/A CIK1556593 Webwww.newresi.com Phone212-798-3150Debt Debt-to-Equity RatioN/A Current Ratio0.52 Quick Ratio0.52Price-To-Earnings Trailing P/E RatioN/A Forward P/E Ratio11.25 P/E GrowthN/A Sales & Book Value Annual Sales$1.77 billion Price / Sales1.83 Cash Flow$1.32 per share Price / Cash Flow5.88 Book Value$10.87 per share Price / Book0.71Profitability EPS (Most Recent Fiscal Year)$2.17 Net Income$563.30 million Net Margins-67.84% Return on Equity14.32% Return on Assets2.43%Miscellaneous Employees2,357 Outstanding Shares415,650,000Market Cap$3.23 billion Next Earnings Date8/4/2020 (Estimated) OptionableOptionable NRZ Rates by TradingView Receive NRZ News and Ratings via Email Sign-up to receive the latest news and ratings for NRZ and its competitors with MarketBeat's FREE daily newsletter. New Residential Investment (NYSE:NRZ) Frequently Asked Questions 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 Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, NRZ shares have decreased by 43.6% and is now trading at $7.76. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of New Residential Investment? 9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New Residential Investment in the last year. There are currently 3 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for New Residential Investment. When is New Residential Investment's next earnings date? New Residential Investment is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. 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 Tuesday, May, 5th. The real estate investment trust reported $0.48 EPS for the quarter, beating the Zacks' consensus estimate of $0.23 by $0.25. The real estate investment trust earned $185.52 million during the quarter, compared to analyst estimates of $215.46 million. New Residential Investment had a positive return on equity of 14.32% and a negative net margin of 67.84%. During the same period in the prior year, the business posted $0.53 earnings per share. View New Residential Investment's earnings history. 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 Tuesday, March 31st. Stockholders of record on Wednesday, April 15th will be paid a dividend of $0.05 per share on Friday, May 15th. This represents a $0.20 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend is Tuesday, April 14th. View New Residential Investment's dividend history. What price target have analysts set for NRZ? 9 analysts have issued 1-year target prices for New Residential Investment's shares. Their forecasts range from $8.50 to $20.00. On average, they anticipate New Residential Investment's share price to reach $15.06 in the next year. This suggests a possible upside of 94.1% from the stock's current price. View analysts' price targets for New Residential Investment. Has New Residential Investment been receiving favorable news coverage? Press coverage about NRZ stock has trended very negative recently, InfoTrie Sentiment reports. The research group identifies positive and negative news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. New Residential Investment earned a news sentiment score of -3.8 on InfoTrie's scale. They also assigned news stories about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View the latest news aboutNew Residential Investment. Are investors shorting New Residential Investment? New Residential Investment saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 13,500,000 shares, a drop of 20.8% from the April 30th total of 17,050,000 shares. Based on an average trading volume of 14,490,000 shares, the days-to-cover ratio is presently 0.9 days. Approximately 3.3% of the shares of the company are short sold. View New Residential Investment's Current Options Chain. Who are some of New Residential Investment's key competitors? Some companies that are related to New Residential Investment include HCP (HCP), Duke Realty (DRE), Extra Space Storage (EXR), Equity Lifestyle Properties (ELS), UDR (UDR), WP Carey (WPC), Medical Properties Trust (MPW), VICI Properties (VICI), ANNALY CAP MGMT/SH (NLY), Camden Property Trust (CPT), Host Hotels and Resorts (HST), CyrusOne (CONE), SINO LD LTD/S (SNLAY), Gaming and Leisure Properties (GLPI) and AGNC Investment (AGNC). View all competitors. What other stocks do shareholders of New Residential Investment own? Based on aggregate information from My MarketBeat watchlists, some companies that other New Residential Investment investors own include AT&T (T), Prospect Capital (PSEC), Two Harbors Investment (TWO), Energy Transfer LP Unit (ET), ANNALY CAP MGMT/SH (NLY), Chembio Diagnostics (CEMI), Washington Prime Group (WPG), CHIMERA INVT CO/SH NEW (CIM), AGNC Investment (AGNC) and Enterprise Products Partners (EPD). 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 56)Mr. Nicola Santoro Jr., CFO & Treasurer (Age 51)Mr. David Schneider, Chief Accounting Officer (Age 37)Ms. Mandy Cheuk, Head of Investor RelationsMr. Cameron D. MacDougall Esq., Sec. (Age 43) 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 investors include BlackRock Inc. (6.00%), Nan Shan Life Insurance Co. Ltd. (3.45%), State Street Corp (1.54%), Geode Capital Management LLC (1.13%), Wolverine Asset Management LLC (0.94%) and Bank of New York Mellon Corp (0.89%). Company insiders that own New Residential Investment stock include Alan L Tyson, Andrew Sloves, David Saltzman, Michael Nierenberg, Nicola Santoro Jr and Robert Mcginnis. View institutional ownership trends for New Residential Investment. Which institutional investors are selling New Residential Investment stock? NRZ stock was sold by a variety of institutional investors in the last quarter, including State of Michigan Retirement System, Nan Shan Life Insurance Co. Ltd., UBS Group AG, BlackRock Inc., Voloridge Investment Management LLC, Wellington Management Group LLP, Geode Capital Management LLC, and KAMES CAPITAL plc. View insider buying and selling activity for New Residential Investment. Which institutional investors are buying New Residential Investment stock? NRZ stock was acquired by a variety of institutional investors in the last quarter, including Wolverine Asset Management LLC, Morgan Stanley, American Assets Capital Advisers LLC, Castle Hook Partners LP, State Street Corp, WINTON GROUP Ltd, Aigen Investment Management LP, and Two Sigma Advisers LP. Company insiders that have bought New Residential Investment stock in the last two years include Alan L Tyson, Andrew Sloves, David Saltzman, Michael Nierenberg, Nicola Santoro Jr, and Robert Mcginnis. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab. What is New Residential Investment's stock price today? One share of NRZ stock can currently be purchased for approximately $7.76. How big of a company is New Residential Investment? New Residential Investment has a market capitalization of $3.23 billion and generates $1.77 billion in revenue each year. The real estate investment trust earns $563.30 million in net income (profit) each year or $2.17 on an earnings per share basis. New Residential Investment employs 2,357 workers across the globe. What is New Residential Investment's official website? The official website for New Residential Investment is www.newresi.com. 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 5/28/2020 by MarketBeat.com Staff
