NYSE:NRZ - New Residential Investment Stock Price, Forecast & News

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 stock has decreased by 50.0% and is now trading at $6.88. View which stocks have been mosted impacted by Coronavirus.

7 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 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for New Residential Investment.

New Residential Investment is scheduled to release its next quarterly earnings announcement on Wednesday, May 6th 2020. View our earnings forecast for New Residential Investment.

New Residential Investment Corp (NYSE:NRZ) issued its earnings results on Thursday, February, 6th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.09. The real estate investment trust earned $216.08 million during the quarter, compared to the consensus estimate of $241.88 million. New Residential Investment had a net margin of 31.89% and a return on equity of 13.16%. During the same period last year, the company posted $0.58 earnings per share. View New Residential Investment's earnings history.

New Residential Investment announced a quarterly dividend on Monday, December 16th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.50 per share on Friday, January 31st. This represents a $2.00 annualized dividend and a yield of 29.07%. The ex-dividend date of this dividend is Monday, December 30th. View New Residential Investment's dividend history.

7 analysts have issued 12 month price objectives for New Residential Investment's stock. Their forecasts range from $16.00 to $20.00. On average, they expect New Residential Investment's share price to reach $18.25 in the next year. This suggests a possible upside of 165.3% from the stock's current price. View analysts' price targets for New Residential Investment.

News stories about NRZ stock have trended very positive this week, according to InfoTrie Sentiment. The research firm identifies negative and positive news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. New Residential Investment earned a daily sentiment score of 4.0 on InfoTrie's scale. They also assigned headlines about the real estate investment trust a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the next several days. View the latest news aboutNew Residential Investment.

New Residential Investment saw a decrease in short interest in the month of March. As of March 13th, there was short interest totaling 9,994,300 shares, a decrease of 16.9% from the February 27th total of 12,030,000 shares. Based on an average trading volume of 4,760,000 shares, the days-to-cover ratio is presently 2.1 days. Approximately 2.4% of the company's shares are short sold. View New Residential Investment's Current Options Chain.

Some companies that are related to New Residential Investment include Mid-America Apartment Communities (MAA), Extra Space Storage (EXR), Duke Realty (DRE), Ventas (VTR), Sun Communities (SUI), UDR (UDR), WP Carey (WPC), Equity Lifestyle Properties (ELS), Medical Properties Trust (MPW), ANNALY CAP MGMT/SH (NLY), Host Hotels and Resorts (HST), SINO LD LTD/S (SNLAY), Camden Property Trust (CPT), VICI Properties (VICI) and Iron Mountain (IRM).

Based on aggregate information from My MarketBeat watchlists, some companies that other New Residential Investment investors own include AT&T (T), Prospect Capital (PSEC), Energy Transfer LP Unit (ET), Two Harbors Investment (TWO), ANNALY CAP MGMT/SH (NLY), Chembio Diagnostics (CEMI), AGNC Investment (AGNC), Enterprise Products Partners (EPD), CHIMERA INVT CO/SH NEW (CIM) and Starwood Property Trust (STWD).

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

New Residential Investment's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include FMR LLC (1.87%), UBS Group AG (1.58%), State Street Corp (1.40%), Bank of America Corp DE (1.31%), Geode Capital Management LLC (1.28%) and Credit Suisse AG (1.02%). 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 Goldman Sachs Group Inc., Bank of America Corp DE, First Trust Advisors LP, Standard Life Aberdeen plc, American Assets Capital Advisers LLC, Bank of Montreal Can, SG Americas Securities LLC, and Denali Advisors LLC. View insider buying and selling activity for New Residential Investment.

NRZ stock was purchased by a variety of institutional investors in the last quarter, including Norges Bank, Renaissance Technologies LLC, FMR LLC, UBS Group AG, Geode Capital Management LLC, Waratah Capital Advisors Ltd., Capital Square LLC, and Janus Henderson Group PLC. 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.

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.

One share of NRZ stock can currently be purchased for approximately $6.88.

New Residential Investment has a market capitalization of $2.86 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. View additional information about New Residential Investment.

The official website for New Residential Investment is http://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]