How were New Residential Investment's earnings last quarter?

New Residential Investment Corp. (NYSE:NRZ) released its earnings results on Tuesday, August, 2nd. The company reported $0.31 EPS for the quarter, hitting analysts' consensus estimates of $0.31. New Residential Investment had a trailing twelve-month return on equity of 13.84% and a net margin of 28.82%.

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 9.18%. NRZ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 44.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, NRZ will have a dividend payout ratio of 78.13% in the coming year. This indicates that the company may not be able to sustain their current dividend.

What other stocks do shareholders of New Residential Investment own?

Based on aggregate information from My MarketBeat watchlists, some companies that other New Residential Investment investors own include Two Harbors Investment (TWO) , Washington Prime Group (WPG) , AT&T (T) , Energy Transfer (ET) , Prospect Capital (PSEC) , CBL & Associates Properties (CBL) , Golar LNG Partners (GMLP) , Annaly Capital Management (NLY) , Orchid Island Capital (ORC) and New York Mortgage Trust (NYMT) .

NYSE:NRZ

New Residential Investment (NRZ) Stock Price, News & Analysis

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Today's Range: N/A
50-Day Range: N/A
52-Week Range: N/A

Volume: 5.09 million shs
Average Volume: 5.86 million shs
Market Capitalization: $5.08 billion

P/E Ratio: 4.82
Dividend Yield: 9.18%
Price Target: N/A

Stock Analysis

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New Residential Investment MarketRank™ Stock Analysis

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -0.72
Upright™ Environmental Score
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: 5.79%
From $1.21 to $1.28 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.60 out of 5 stars

Finance Sector

807th out of 849 stocks

Real Estate Investment Trusts Industry

172nd out of 181 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for New Residential Investment.

N/A

Short Interest

Short Interest
There is no current short interest data available for NRZ.

2.5

Dividend Strength

Dividend Leadership
New Residential Investment is a leading dividend payer. It pays a dividend yield of 9.18%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
New Residential Investment has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of New Residential Investment is 44.25%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
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.

1.4

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
New Residential Investment has received a -27.98% net impact score from Upright. On the other hand, these positive outcomes are achieved by using resources or causing negative impacts in categories "Scarce human capital", "Societal stability & understanding among people", and "GHG emissions". The negative contribution in the "Societal stability & understanding among people" impact category seems to be driven mostly by its "Private-label mortgage-backed securities", "Government-sponsored mortgage-backed securities", and "Mortgages provided by brick and mortar banks" products. See details.
Environmental Sustainability
The Environmental Impact score for New Residential Investment is -0.72.

0.6

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 1 news article for New Residential Investment this week, compared to 0 articles on an average week.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, New Residential Investment insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.68% of the stock of New Residential Investment is held by insiders.
Percentage Held by Institutions
46.48% of the stock of New Residential Investment is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for New Residential Investment are expected to grow by 5.79% in the coming year, from $1.21 to $1.28 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of New Residential Investment is 4.82, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.26.
Price to Earnings Ratio vs. Sector
The P/E ratio of New Residential Investment is 4.82, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 57.40.

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About New Residential Investment Stock (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.

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NRZ Stock News Headlines

April 19, 2024 | msn.com

Stor-Age Property REIT Announces New Bond Listings Under ZAR5 Billion Program

April 15, 2024 | money.usnews.com

New Zealand House Prices Fall Slightly Due to Higher Stock Levels, REINZ Says

April 19, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

April 9, 2024 | forbes.com

The FinTech Start-Up Taking On Regulators To Democratize Construction Investment For The 99%

April 9, 2024 | msn.com

Inside new home-buying trend for Gen Z: ‘Houses before spouses’

March 22, 2024 | msn.com

'I don't think it's a Ponzi scheme,' economist says, as median property values rise by $63,000

March 18, 2024 | msn.com

China’s property crisis deepens as housing sales plummet

March 2, 2024 | forbes.com

How Much Do Solar Panels Cost In New Jersey?

April 19, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

February 23, 2024 | bloomberg.com

New Zealand May Allow Foreigners to Buy Build-to-Rent Homes

February 6, 2024 | markets.businessinsider.com

New Residential Investment earnings: here's what to expect

February 3, 2024 | msn.com

Older people need incentives to downsize, says property expert

January 25, 2024 | bizjournals.com

Latest Legion Investment Group retail acquisition adds to residential development on NYC's Upper East Side

January 23, 2024 | forbes.com

New Residential Investment

January 3, 2024 | msn.com

ARMOUR Residential REIT declares $0.24 dividend

January 2, 2024 | msn.com

ARMOUR Residential REIT announces $0.24 dividend

December 1, 2023 | benzinga.com

Arrived: Single Family Residential Fund

November 26, 2023 | msn.com

‘Stable interest rate crucial for property market growth’

October 10, 2023 | msn.com

Commercial property sector deal flow value is set to halve this year, Sherry FitzGerald says

September 27, 2023 | benzinga.com

KBRA Assigns Preliminary Ratings to New Residential Mortgage Trust 2023-NQM1 (NRMLT 2023-NQM1)

September 20, 2023 | thestreet.com

New Residential Investment Corp. 7.00% Fixed-Rate Reset Series D Cumulative Redeemable Preferred Stock

August 30, 2023 | money.usnews.com

New Zealand House Prices to Rise Again on Supply Shortage, Rate Cut Hopes: Reuters Poll

August 29, 2023 | reuters.com

New Zealand house prices to rise again on supply shortage, rate cut hopes

August 24, 2023 | seekingalpha.com

RITM.PR.C Rithm Capital Corp. 6.375 PFD SER C

August 8, 2023 | businessinsider.com

America, take note: New Zealand has figured out a simple way to bring down home prices

July 28, 2023 | sfgate.com

Bridgeport seeks $25M for PSEG-owned, closed power plant

July 14, 2023 | benzinga.com

Morguard North American Residential REIT Declares July 2023 Distribution of $0.06 per Unit

See More Headlines

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Company Calendar

Last Earnings: 8/02/2022
Today: 4/19/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Finance
Industry: Real Estate Investment Trusts
Sub-Industry: N/A
Current Symbol: NYSE:NRZ
CUSIP: N/A
CIK: 1556593
Web: www.newresi.com
Phone: 212 798 3150
Fax: N/A
Employees: 12,296
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $2.26
Trailing P/E Ratio: 4.82
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $772.23 million
Net Margins: 28.82%
Pretax Margin: 36.06%
Return on Equity: 13.84%
Return on Assets: 1.95%

Debt

Debt-to-Equity Ratio: 0.09
Current Ratio: 0.44
Quick Ratio: 0.44

Sales & Book Value

Annual Sales: $3.62 billion
Price / Sales: 0.00
Cash Flow: N/A
Price / Cash Flow: 7.09
Book Value: $11.59 per share
Price / Book: N/A

Miscellaneous

Outstanding Shares: 466,787,000
Free Float: 463,613,000
Market Cap: $5.08 billion
Optionable: Optionable
Beta: 1.68

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Key Executives

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

Key Competitors

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NRZ Stock Analysis - Frequently Asked Questions

How were New Residential Investment's earnings last quarter?: New Residential Investment Corp. (NYSE:NRZ) released its earnings results on Tuesday, August, 2nd. The company reported $0.31 EPS for the quarter, hitting analysts' consensus estimates of $0.31. New Residential Investment had a trailing twelve-month return on equity of 13.84% and a net margin of 28.82%.
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 9.18%. NRZ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 44.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, NRZ will have a dividend payout ratio of 78.13% in the coming year. This indicates that the company may not be able to sustain their current dividend.
What other stocks do shareholders of New Residential Investment own?: Based on aggregate information from My MarketBeat watchlists, some companies that other New Residential Investment investors own include Two Harbors Investment (TWO), Washington Prime Group (WPG), AT&T (T), Energy Transfer (ET), Prospect Capital (PSEC), CBL & Associates Properties (CBL), Golar LNG Partners (GMLP), Annaly Capital Management (NLY), Orchid Island Capital (ORC) and New York Mortgage Trust (NYMT).

This page (NYSE:NRZ) was last updated on 4/19/2024 by MarketBeat.com Staff

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New Residential Investment (NRZ) Stock Price, News & Analysis

New Residential Investment MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Coverage This Week

Company Ownership

Earnings and Valuation

About New Residential Investment Stock (NYSE:NRZ)

NRZ Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

NRZ Stock Analysis - Frequently Asked Questions

Overall MarketRank^™