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NYSE:NRZ

New Residential Investment Stock Forecast, Price & News

$9.66
-0.05 (-0.51 %)
(As of 11/27/2020 12:00 AM ET)
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Today's Range
$9.61
Now: $9.66
$9.80
50-Day Range
$7.40
MA: $8.36
$9.84
52-Week Range
$2.91
Now: $9.66
$17.66
Volume1.89 million shs
Average Volume8.20 million shs
Market Capitalization$4.02 billion
P/E RatioN/A
Dividend Yield6.21%
Beta1.81
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 Origination, Servicing, MSR Related Investments, 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: 3.5Community Rank: 2.9Dividend Strength: 3.3Insider Behavior: 0.8Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.24 out of 5 stars


Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone212-798-3150
Employees3,384

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.77 billion
Cash Flow$1.54 per share
Book Value$11.10 per share

Profitability

Net Income$563.30 million

Miscellaneous

Market Cap$4.02 billion
Next Earnings Date2/4/2021 (Estimated)
OptionableOptionable
$9.66
-0.05 (-0.51 %)
(As of 11/27/2020 12:00 AM 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 price 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 29.7% and is now trading at $9.66.
View which stocks have been most impacted by COVID-19
.

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

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New Residential Investment in the last year. There are currently 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for New Residential Investment
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than New Residential Investment?

Wall Street analysts have given New Residential Investment a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but New Residential Investment wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is New Residential Investment's next earnings date?

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
.

How were New Residential Investment's earnings last quarter?

New Residential Investment Corp. (NYSE:NRZ) released its earnings results on Saturday, October, 31st. The real estate investment trust reported $0.31 EPS for the quarter, missing the Zacks' 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 revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.50 EPS.
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 Wednesday, September 23rd. Shareholders of record on Monday, October 5th will be paid a dividend of $0.15 per share on Friday, October 30th. This represents a $0.60 annualized dividend and a dividend yield of 6.21%. The ex-dividend date is Friday, October 2nd. This is an increase from New Residential Investment's previous quarterly dividend of $0.10.
View New Residential Investment's dividend history
.

What price target have analysts set for NRZ?

11 analysts have issued 12 month target prices for New Residential Investment's shares. Their forecasts range from $9.50 to $20.00. On average, they anticipate New Residential Investment's share price to reach $11.55 in the next year. This suggests a possible upside of 19.6% from the stock's current price.
View analysts' price targets for 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 57)
  • Mr. Nicola Santoro Jr., Chief Accounting Officer, Treasurer & CFO (Age 52)
  • Kaitlyn Mauritz, Head of Investor Relations
  • Mr. Cameron D. MacDougall Esq., Sec. (Age 44)

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 institutional and retail investors. Top institutional shareholders include BlackRock Inc. (5.97%), State Street Corp (1.42%), Arrowstreet Capital Limited Partnership (1.33%), Morgan Stanley (1.01%), Charles Schwab Investment Management Inc. (0.77%) and Telemus Capital LLC (0.45%). 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 major investors are selling New Residential Investment stock?

NRZ stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, American Assets Capital Advisers LLC, Natixis, JPMorgan Chase & Co., Penn Mutual Asset Management LLC, Truist Financial Corp, Virginia Retirement Systems ET AL, and Envestnet Asset Management Inc..
View insider buying and selling activity for New Residential Investment
.

Which major investors are buying New Residential Investment stock?

NRZ stock was acquired by a variety of institutional investors in the last quarter, including BNP Paribas Arbitrage SA, BlackRock Inc., Pacer Advisors Inc., Point72 Asset Management L.P., Cubist Systematic Strategies LLC, Aigen Investment Management LP, Voloridge Investment Management LLC, and Alaska Permanent Fund Corp. 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 $9.66.

How big of a company is New Residential Investment?

New Residential Investment has a market capitalization of $4.02 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 3,384 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 11/30/2020 by MarketBeat.com Staff

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