New Residential Investment Stock Forecast, Price & News

New Residential Investment's stock was trading at $13.75 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, NRZ stock has decreased by 31.6% and is now trading at $9.40.
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13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for New Residential Investment in the last twelve months. There are currently 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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New Residential Investment is scheduled to release its next quarterly earnings announcement on Thursday, February 4th 2021.
View our earnings forecast for New Residential Investment.

New Residential Investment Corp. (NYSE:NRZ) issued its quarterly earnings results on Saturday, October, 31st. The real estate investment trust reported $0.31 EPS for the quarter, missing the consensus estimate of $0.37 by $0.06. The real estate investment trust had revenue of $685 million for the quarter, compared to analysts' expectations of $623.19 million. New Residential Investment had a negative net margin of 96.73% and a positive return on equity of 14.58%. The business's quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.50 earnings per share.
View New Residential Investment's earnings history.

New Residential Investment announced a quarterly dividend on Wednesday, December 16th. Stockholders of record on Thursday, December 31st will be given a dividend of $0.20 per share on Friday, January 29th. This represents a $0.80 annualized dividend and a yield of 8.51%. The ex-dividend date is Wednesday, December 30th. This is a positive change from New Residential Investment's previous quarterly dividend of $0.15.
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 8.47%. 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 strock track record of dividend growth. The dividend payout ratio of New Residential Investment is 36.87%. 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 55.56% next year. This indicates that New Residential Investment will be able to sustain or increase its dividend.
View New Residential Investment's dividend history.

13 equities research analysts have issued 1 year price targets for New Residential Investment's shares. Their forecasts range from $9.50 to $20.00. On average, they anticipate New Residential Investment's stock price to reach $11.42 in the next year. This suggests a possible upside of 21.5% from the stock's current price.
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New Residential Investment saw a decline in short interest during the month of December. As of December 31st, there was short interest totaling 7,640,000 shares, a decline of 29.5% from the December 15th total of 10,840,000 shares. Based on an average daily trading volume, of 4,570,000 shares, the days-to-cover ratio is presently 1.7 days. Currently, 1.9% of the shares of the stock are short sold.
View New Residential Investment's Short Interest.

Some companies that are related to New Residential Investment include Essex Property Trust (ESS), Sun Communities (SUI), Boston Properties (BXP), HCP (HCP), Extra Space Storage (EXR), Mid-America Apartment Communities (MAA), Duke Realty (DRE), VICI Properties (VICI), W. P. Carey (WPC), Apartment Income REIT (AIRC), UDR (UDR), Medical Properties Trust (MPW), Annaly Capital Management (NLY), Equity LifeStyle Properties (ELS) and Host Hotels & Resorts (HST).
View all of NRZ's competitors.

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 many different retail and institutional investors. Top institutional investors include Wiley BROS. Aintree Capital LLC (0.04%), Aurora Private Wealth Inc. (0.00%), Hudson Valley Investment Advisors Inc. ADV (0.00%) and M&R Capital Management Inc. (0.00%). 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.

NRZ stock was sold by a variety of institutional investors in the last quarter, including Aurora Private Wealth Inc., M&R Capital Management Inc., and Wiley BROS. Aintree Capital LLC.
View insider buying and selling activity for New Residential Investment or view top insider-selling stocks.

NRZ stock was bought by a variety of institutional investors in the last quarter, including Hudson Valley Investment Advisors Inc. ADV. 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 or or view top insider-buying stocks.

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.

One share of NRZ stock can currently be purchased for approximately $9.40.

New Residential Investment has a market capitalization of $3.91 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 5,102 workers across the globe.

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

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]