New Residential Investment Corp., a real estate investment trust, focuses on investing in and managing residential mortgage related assets in the United States. More Details
High growth potential unattractive dividend payer.
Share Price & News
How has New Residential Investment's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NRZ has not had significant price volatility in the past 3 months.
7 Day Return
US Mortgage REITs
1 Year Return
US Mortgage REITs
Return vs Industry: NRZ underperformed the US Mortgage REITs industry which returned -38.6% over the past year.
Return vs Market: NRZ underperformed the US Market which returned 15.6% over the past year.
Price Volatility Vs. Market
How volatile is New Residential Investment's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StWhat Type Of Shareholders Make Up New Residential Investment Corp.'s (NYSE:NRZ) Share Registry?
2 months ago | Simply Wall StNew Residential Investment Corp. (NYSE:NRZ) Insiders Increased Their Holdings
5 months ago | Simply Wall StOne Thing To Remember About The New Residential Investment Corp. (NYSE:NRZ) Share Price
Is New Residential Investment undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NRZ ($7.92) is trading below our estimate of fair value ($9.43)
Significantly Below Fair Value: NRZ is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: NRZ is unprofitable, so we can't compare its PE Ratio to the US Mortgage REITs industry average.
PE vs Market: NRZ is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate NRZ's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: NRZ's PB Ratio (0.7x) is in line with the US Mortgage REITs industry average.
How is New Residential Investment forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NRZ is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).
Earnings vs Market: NRZ is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: NRZ's is expected to become profitable in the next 3 years.
Revenue vs Market: NRZ's revenue (89% per year) is forecast to grow faster than the US market (10% per year).
High Growth Revenue: NRZ's revenue (89% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NRZ's Return on Equity is forecast to be low in 3 years time (12%).
How has New Residential Investment performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NRZ is currently unprofitable.
Growing Profit Margin: NRZ is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: NRZ is unprofitable, and losses have increased over the past 5 years at a rate of 27.4% per year.
Accelerating Growth: Unable to compare NRZ's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: NRZ is unprofitable, making it difficult to compare its past year earnings growth to the Mortgage REITs industry (-36.7%).
Return on Equity
High ROE: NRZ has a negative Return on Equity (-22.64%), as it is currently unprofitable.
How is New Residential Investment's financial position?
Financial Position Analysis
Short Term Liabilities: NRZ's short term assets ($12.7B) exceed its short term liabilities ($2.0B).
Long Term Liabilities: NRZ's short term assets ($12.7B) do not cover its long term liabilities ($23.0B).
Debt to Equity History and Analysis
Debt Level: NRZ's debt to equity ratio (422%) is considered high.
Reducing Debt: NRZ's debt to equity ratio has increased from 365.4% to 422% over the past 5 years.
Debt Coverage: NRZ's debt is not well covered by operating cash flow (17.1%).
Interest Coverage: Insufficient data to determine if NRZ's interest payments on its debt are well covered by EBIT.
What is New Residential Investment current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NRZ's dividend (7.58%) is higher than the bottom 25% of dividend payers in the US market (1.65%).
High Dividend: NRZ's dividend (7.58%) is in the top 25% of dividend payers in the US market (4.63%)
Stability and Growth of Payments
Stable Dividend: NRZ has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: NRZ's dividend payments have increased, but the company has only paid a dividend for 7 years.
Current Payout to Shareholders
Dividend Coverage: NRZ is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: NRZ's dividends in 3 years are not forecast to be well covered by earnings (90.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Michael Nierenberg (57 yo)
Michael Nierenberg is a Managing Director at Fortress. Mr. Nierenberg served as Managing Director and head of Global Mortgages and Securitized Products at Bank of America Merrill Lynch, with responsibility ...
|Chairman||6.92yrs||no data||0.26% |
|Independent Director||1.5yrs||US$143.89k||0.0078% |
|Independent Director||7.33yrs||US$220.01k||0.011% |
|Independent Director||7.5yrs||US$200.01k||0.014% |
|Independent Director||7.5yrs||US$200.02k||0.060% |
|Independent Director||3.83yrs||US$200.02k||0.022% |
|Independent Director||7.5yrs||US$200.02k||0.036% |
|Independent Director||4.33yrs||US$200.02k||0.025% |
Experienced Board: NRZ's board of directors are considered experienced (5.9 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
New Residential Investment Corp.'s company bio, employee growth, exchange listings and data sources
- Name: New Residential Investment Corp.
- Ticker: NRZ
- Exchange: NYSE
- Founded: 2011
- Industry: Mortgage REITs
- Sector: Diversified Financials
- Market Cap: US$3.293b
- Shares outstanding: 415.74m
- Website: https://www.newresi.com
Number of Employees
- New Residential Investment Corp.
- 1345 Avenue Of The Americas
- 45th Floor
- New York
- New York
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|NRZ||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||May 2013|
|14N1||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||May 2013|
|0K76||LSE (London Stock Exchange)||Yes||Common Stock||GB||USD||May 2013|
|NRZ.PRA||NYSE (New York Stock Exchange)||7.50% PFD SER A||US||USD||Jun 2019|
|NRZ.PRB||NYSE (New York Stock Exchange)||7.125 SR B PFD||US||USD||Aug 2019|
|NRZ.PRC||NYSE (New York Stock Exchange)||6.375 PFD SER C||US||USD||Feb 2020|
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, ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/27 00:58|
|End of Day Share Price||2020/10/26 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.