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S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
NYSE:NRZ

New Residential Investment Stock Forecast, Price & News

$9.55
+0.23 (+2.47%)
(As of 07/1/2022 12:00 AM ET)
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Today's Range
$9.23
$9.60
50-Day Range
$8.25
$11.74
52-Week Range
$8.18
$11.81
Volume
6.07 million shs
Average Volume
6.14 million shs
Market Capitalization
$4.46 billion
P/E Ratio
4.23
Dividend Yield
10.73%
Price Target
$12.20

New Residential Investment Stock Forecast (MarketRank)

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
27.7% Upside
$12.20 Price Target
Short Interest
Healthy
2.46% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.72
Upright™ Environmental Score
News Sentiment
-0.12mentions of New Residential Investment in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
5.79%
From $1.21 to $1.28 Per Share

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

2.27 out of 5 stars

Finance Sector

312th out of 1,394 stocks

Real Estate Investment Trusts Industry

57th out of 235 stocks

30 days | 90 days | 365 days | Advanced Chart

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New Residential Investment logo

About New Residential Investment (NYSE:NRZ)

New Residential Investment Corp. operates as a real estate investment trust in the United States. It operates through Origination, Servicing, MSR Related Investments, Residential Securities, Properties and Loans, Consumer Loans, Mortgage Loans, and Corporate segments. The company invests in mortgage servicing rights, mortgage origination and servicing companies, residential mortgage-backed securities, properties and loans, consumer loans, and other opportunistic investments. It qualifies as a real estate investment trust for federal income tax purposes. The company generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. New Residential Investment Corp. was incorporated in 2011 and is based in New York, New York.

NRZ Stock News Headlines

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Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
N/A
Sector
Finance
Fax
N/A
Employees
12,296
Year Founded
N/A

Company Calendar

Ex-Dividend for 4/29 Dividend
4/01/2022
Dividend Payable
4/29/2022
Last Earnings
5/03/2022
Ex-Dividend for 7/29 Dividend
6/30/2022
Today
7/02/2022
Dividend Payable
7/29/2022
Next Earnings (Estimated)
8/04/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$12.20
High Stock Price Forecast
$13.50
Low Stock Price Forecast
$10.00
Forecasted Upside/Downside
+27.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71428571428571
Research Coverage
7 Analysts

Profitability

Net Income
$772.23 million
Pretax Margin
36.06%

Debt

Sales & Book Value

Annual Sales
$3.62 billion
Cash Flow
$1.49 per share
Book Value
$11.59 per share

Miscellaneous

Free Float
463,613,000
Market Cap
$4.46 billion
Optionable
Optionable
Beta
1.66














New Residential Investment Frequently Asked Questions

Should I buy or sell New Residential Investment stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for New Residential Investment in the last twelve months. There are currently 1 sell rating and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" New Residential Investment stock.
View analyst ratings for New Residential Investment
or view top-rated stocks.

What is New Residential Investment's stock price forecast for 2022?

7 equities research analysts have issued 12 month price objectives for New Residential Investment's stock. Their NRZ stock forecasts range from $10.00 to $13.50. On average, they expect New Residential Investment's stock price to reach $12.20 in the next twelve months. This suggests a possible upside of 27.7% from the stock's current price.
View analysts' price targets for New Residential Investment
or view top-rated stocks among Wall Street analysts.

How has New Residential Investment's stock performed in 2022?

New Residential Investment's stock was trading at $10.71 at the start of the year. Since then, NRZ stock has decreased by 10.8% and is now trading at $9.55.
View the best growth stocks for 2022 here
.

Are investors shorting New Residential Investment?

New Residential Investment saw a increase in short interest in the month of June. As of June 15th, there was short interest totaling 10,030,000 shares, an increase of 27.9% from the May 31st total of 7,840,000 shares. Based on an average daily volume of 6,690,000 shares, the days-to-cover ratio is presently 1.5 days. Approximately 2.5% of the shares of the company are short sold.
View New Residential Investment's Short Interest
.

When is New Residential Investment's next earnings date?

New Residential Investment is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
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 results on Tuesday, May, 3rd. The real estate investment trust reported $0.37 EPS for the quarter, topping the consensus estimate of $0.35 by $0.02. New Residential Investment had a net margin of 28.82% and a trailing twelve-month return on equity of 13.84%. During the same quarter in the previous year, the business posted $0.34 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 announced a quarterly dividend on Friday, June 17th. Investors of record on Friday, July 1st will be given a dividend of $0.25 per share on Friday, July 29th. This represents a $1.00 annualized dividend and a dividend yield of 10.47%. The ex-dividend date of this dividend is Thursday, June 30th.
View New Residential Investment's dividend history
.

Is New Residential Investment a good dividend stock?

New Residential Investment(NYSE:NRZ) pays an annual dividend of $1.00 per share and currently has a dividend yield of 10.73%. 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 44.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, New Residential Investment will have a dividend payout ratio of 78.13% in the coming year. This indicates that New Residential Investment may not be able to sustain their current dividend.
View New Residential Investment's dividend history.

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 59)
  • Mr. Nicola Santoro Jr., CFO, Chief Accounting Officer & Treasurer (Age 54)
  • Mr. Cameron D. MacDougall Esq., Sec. (Age 46)
  • Ms. BoHee Yoon, Sec.

What other stocks do shareholders of New Residential Investment own?

What is New Residential Investment's stock symbol?

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

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is New Residential Investment's stock price today?

One share of NRZ stock can currently be purchased for approximately $9.55.

How much money does New Residential Investment make?

New Residential Investment (NYSE:NRZ) has a market capitalization of $4.46 billion and generates $3.62 billion in revenue each year. The real estate investment trust earns $772.23 million in net income (profit) each year or $2.259990 on an earnings per share basis.

How many employees does New Residential Investment have?

New Residential Investment employs 12,296 workers across the globe.

How can I contact New Residential Investment?

New Residential Investment's mailing address is 1345 AVENUE OF THE AMERICAS, NEW YORK NY, 10105. The official website for New Residential Investment is www.newresi.com. The real estate investment trust can be reached via phone at (212) 798-3150 or via email at [email protected].

This page (NYSE:NRZ) was last updated on 7/2/2022 by MarketBeat.com Staff

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