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NYSE:NRZ

New Residential Investment Stock Forecast, Price & News

$8.11
-0.07 (-0.86 %)
(As of 09/18/2020 12:00 AM ET)
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Compare
Today's Range
$8.00
Now: $8.11
$8.17
50-Day Range
$7.27
MA: $7.84
$8.39
52-Week Range
$2.91
Now: $8.11
$17.66
Volume6.64 million shs
Average Volume9.12 million shs
Market Capitalization$3.37 billion
P/E RatioN/A
Dividend Yield4.89%
Beta1.75
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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New Residential Investment logo

Beat the Market (BTM) Rank

Analyst Opinion: 4.4Community 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$1.40 per share
Book Value$16.40 per share

Profitability

Net Income$563.30 million

Miscellaneous

Employees2,357
Market Cap$3.37 billion
Next Earnings Date10/23/2020 (Estimated)
OptionableOptionable
$8.11
-0.07 (-0.86 %)
(As of 09/18/2020 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?

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 (WHO). Since then, NRZ stock has decreased by 41.0% and is now trading at $8.11.
View which stocks have been most impacted by COVID-19
.

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 1 hold rating and 8 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) issued its quarterly earnings results on Wednesday, July, 22nd. The real estate investment trust reported $0.34 EPS for the quarter, beating the Zacks' consensus estimate of $0.30 by $0.04. The real estate investment trust had revenue of $115.80 million for the quarter, compared to the consensus estimate of $87.87 million. New Residential Investment had a negative net margin of 74.42% and a positive return on equity of 14.32%.
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. Investors of record on Thursday, July 2nd will be paid a dividend of $0.10 per share on Friday, July 31st. This represents a $0.40 annualized dividend and a yield of 4.93%. The ex-dividend date of this dividend is Wednesday, July 1st. This is an increase 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?

9 equities research analysts have issued 1-year price targets for New Residential Investment's shares. Their forecasts range from $9.00 to $20.00. On average, they anticipate New Residential Investment's stock price to reach $12.40 in the next twelve months. This suggests a possible upside of 52.9% from the stock's current price.
View analysts' price targets for New Residential Investment
.

Are investors shorting New Residential Investment?

New Residential Investment saw a increase in short interest during the month of August. As of August 14th, there was short interest totaling 14,340,000 shares, an increase of 11.2% from the July 30th total of 12,900,000 shares. Based on an average trading volume of 6,640,000 shares, the short-interest ratio is currently 2.2 days. Currently, 3.5% of the shares of the stock are short sold.
View New Residential Investment's Short Interest
.

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 many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.01%), FMR LLC (1.97%), Charles Schwab Investment Management Inc. (0.76%), Goldman Sachs Group Inc. (0.49%), UBS Group AG (0.47%) and Telemus Capital LLC (0.41%). 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 Bank of New York Mellon Corp, First Republic Investment Management Inc., Cannell Peter B & Co. Inc., Vanguard Group Inc., Two Sigma Advisers LP, Bank of America Corp DE, Telemus Capital LLC, and Aigen Investment Management LP.
View insider buying and selling activity for New Residential Investment
.

Which major investors are buying New Residential Investment stock?

NRZ stock was purchased by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., First Trust Advisors LP, FMR LLC, Capital Investment Advisors LLC, Nuveen Asset Management LLC, Charles Schwab Investment Management Inc., UBS Group AG, and Bessemer Group Inc.. 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 $8.11.

How big of a company is New Residential Investment?

New Residential Investment has a market capitalization of $3.37 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 9/18/2020 by MarketBeat.com Staff

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