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

$16.77
+0.07 (+0.42 %)
(As of 01/21/2020 12:43 PM ET)
Today's Range
$16.67
Now: $16.77
$16.77
50-Day Range
$15.61
MA: $16.21
$16.70
52-Week Range
$13.63
Now: $16.77
$17.34
Volume1.13 million shs
Average Volume3.21 million shs
Market Capitalization$6.97 billion
P/E Ratio20.20
Dividend Yield11.98%
Beta1.08
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. Read More…

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$1.66 billion
Cash Flow$0.33 per share
Book Value$17.89 per share

Profitability

Net Income$963.97 million

Miscellaneous

Employees2,357
Market Cap$6.97 billion
Next Earnings Date2/11/2020 (Estimated)
OptionableOptionable

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New Residential Investment (NYSE:NRZ) Frequently Asked Questions

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 often does New Residential Investment pay dividends? What is the dividend yield for New Residential Investment?

New Residential Investment declared a quarterly dividend on Monday, December 16th. Stockholders 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 dividend yield of 11.94%. The ex-dividend date is Monday, December 30th. View New Residential Investment's Dividend History.

How were New Residential Investment's earnings last quarter?

New Residential Investment Corp (NYSE:NRZ) posted its quarterly earnings results on Friday, October, 25th. The real estate investment trust reported $0.50 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.51 by $0.01. The real estate investment trust had revenue of $202.23 million for the quarter, compared to analysts' expectations of $227.21 million. New Residential Investment had a return on equity of 12.69% and a net margin of 19.60%. During the same quarter last year, the company earned $0.63 EPS. View New Residential Investment's Earnings History.

When is New Residential Investment's next earnings date?

New Residential Investment is scheduled to release their next quarterly earnings announcement on Tuesday, February 11th 2020. View Earnings Estimates for New Residential Investment.

What price target have analysts set for NRZ?

7 equities research analysts have issued 12-month price targets for New Residential Investment's stock. Their forecasts range from $16.00 to $19.00. On average, they expect New Residential Investment's stock price to reach $18.00 in the next year. This suggests a possible upside of 7.5% from the stock's current price. View Analyst Price Targets for New Residential Investment.

What is the consensus analysts' recommendation for New Residential Investment?

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.

Has New Residential Investment been receiving favorable news coverage?

News stories about NRZ stock have been trending very positive on Tuesday, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. New Residential Investment earned a news sentiment score of 4.0 on InfoTrie's scale. They also assigned news headlines about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for New Residential Investment.

Are investors shorting New Residential Investment?

New Residential Investment saw a increase in short interest during the month of December. As of December 31st, there was short interest totalling 19,010,000 shares, an increase of 20.9% from the December 15th total of 15,730,000 shares. Based on an average daily volume of 3,300,000 shares, the days-to-cover ratio is currently 5.8 days. Currently, 4.6% of the company's stock are short sold. View New Residential Investment's Current Options Chain.

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 folowing 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)

Who are New Residential Investment's major shareholders?

New Residential Investment's stock is owned by a number of of retail and institutional investors. Top institutional investors include Advisors Capital Management LLC (0.24%), KAMES CAPITAL plc (0.18%), Garnet Equity Capital Holdings Inc. (0.05%), Nisa Investment Advisors LLC (0.03%), Wedbush Securities Inc. (0.03%) and Steward Partners Investment Advisory LLC (0.03%). Company insiders that own New Residential Investment stock include Andrew Sloves, David Saltzman, Michael Nierenberg 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 Steward Partners Investment Advisory LLC, Wedbush Securities Inc. and Janney Montgomery Scott LLC. View Insider Buying and Selling 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 Garnet Equity Capital Holdings Inc., Nisa Investment Advisors LLC, Advisors Capital Management LLC, Clear Street Markets LLC, Bristlecone Advisors LLC, M&R Capital Management Inc., KAMES CAPITAL plc and AE Wealth Management LLC. Company insiders that have bought New Residential Investment stock in the last two years include Andrew Sloves, David Saltzman, Michael Nierenberg and Robert Mcginnis. View Insider Buying and Selling 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 $16.75.

How big of a company is New Residential Investment?

New Residential Investment has a market capitalization of $6.96 billion and generates $1.66 billion in revenue each year. The real estate investment trust earns $963.97 million in net income (profit) each year or $2.38 on an earnings per share basis. New Residential Investment employs 2,357 workers across the globe.View Additional Information About New Residential Investment.

What is New Residential Investment's official website?

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


MarketBeat Community Rating for New Residential Investment (NYSE NRZ)

Community Ranking:  2.9 out of 5 (star star)
Outperform Votes:  444 (Vote Outperform)
Underperform Votes:  322 (Vote Underperform)
Total Votes:  766
MarketBeat's community ratings are surveys of what our community members think about New Residential Investment and other stocks. Vote "Outperform" if you believe NRZ will outperform the S&P 500 over the long term. Vote "Underperform" if you believe NRZ will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 1/21/2020 by MarketBeat.com Staff

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