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NYSE:NRZNew Residential Investment Stock Price, Forecast & News

$8.06
+0.07 (+0.88 %)
(As of 08/7/2020 04:00 PM ET)
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Today's Range
$7.85
Now: $8.06
$8.07
50-Day Range
$6.49
MA: $7.43
$8.15
52-Week Range
$2.91
Now: $8.06
$17.66
Volume3.61 million shs
Average Volume5.35 million shs
Market Capitalization$3.35 billion
P/E RatioN/A
Dividend Yield5.01%
Beta1.82
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 4.5Community Rank: 2.9Dividend Strength: 3.3Insider Behavior: 4.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

3.19 out of 5 stars


Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone212-798-3150

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.77 billion
Cash Flow$1.27 per share
Book Value$11.01 per share

Profitability

Net Income$563.30 million

Miscellaneous

Employees2,357
Market Cap$3.35 billion
Next Earnings Date10/23/2020 (Estimated)
OptionableOptionable
$8.06
+0.07 (+0.88 %)
(As of 08/7/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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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 COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, NRZ shares have decreased by 41.4% and is now trading at $8.06.
View which stocks have been most impacted by Coronavirus
.

Do Wall Street analysts recommend investors buy shares of New Residential Investment?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New Residential Investment in the last year. There are currently 1 hold rating and 9 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 Friday, October 23rd 2020.
View our earnings forecast for New Residential Investment
.

How were New Residential Investment's earnings last quarter?

New Residential Investment Corp (NYSE:NRZ) announced its quarterly earnings data on Wednesday, July, 22nd. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.30 by $0.04. The real estate investment trust earned $115.80 million during the quarter, compared to analyst estimates of $87.87 million. New Residential Investment had a positive return on equity of 14.32% and a negative net margin of 74.42%.
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 announced a quarterly dividend on Tuesday, June 23rd. Shareholders of record on Thursday, July 2nd will be given a dividend of $0.10 per share on Friday, July 31st. This represents a $0.40 annualized dividend and a dividend yield of 4.96%. The ex-dividend date of this dividend is Wednesday, July 1st. This is a positive change from New Residential Investment's previous quarterly dividend of $0.05.
View New Residential Investment's dividend history
.

What price target have analysts set for NRZ?

10 Wall Street analysts have issued twelve-month target prices for New Residential Investment's stock. Their forecasts range from $9.00 to $20.00. On average, they anticipate New Residential Investment's share price to reach $12.61 in the next year. This suggests a possible upside of 56.5% from the stock's current price.
View analysts' price targets for New Residential Investment
.

Has New Residential Investment been receiving favorable news coverage?

Media stories about NRZ stock have been trending very negative this week, InfoTrie reports. The research group scores the sentiment of press coverage by monitoring 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 closest to five being the most favorable. New Residential Investment earned a daily sentiment score of -3.4 on InfoTrie's scale. They also gave media headlines about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near term.
View the latest news about New Residential Investment
.

Who are some of New Residential Investment's key competitors?

What other stocks do shareholders of New Residential Investment own?

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 Relations
  • Mr. 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 variety of retail and institutional investors. Top institutional investors include UBS Group AG (0.47%), Telemus Capital LLC (0.41%), First Trust Advisors LP (0.35%), Swiss National Bank (0.22%), Penn Mutual Asset Management LLC (0.18%) and New York State Common Retirement Fund (0.16%). 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 Cannell Peter B & Co. Inc., Telemus Capital LLC, Raymond James & Associates, Steward Partners Investment Advisory LLC, Russell Investments Group Ltd., Envestnet Asset Management Inc., New York State Common Retirement Fund, and Raymond James Financial Services Advisors Inc..
View insider buying and selling activity for New Residential Investment
.

Which institutional investors are buying New Residential Investment stock?

NRZ stock was purchased by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Capital Investment Advisors LLC, UBS Group AG, Bessemer Group Inc., Clear Harbor Asset Management LLC, Wiley BROS. Aintree Capital LLC, Swiss National Bank, and Balasa Dinverno & Foltz LLC. 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 $8.06.

How big of a company is New Residential Investment?

New Residential Investment has a market capitalization of $3.35 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 8/9/2020 by MarketBeat.com Staff

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