NRZ Stock Overview
New Residential Investment Corp. operates as a real estate investment trust in the United States.
New Residential Investment Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$10.63|
|52 Week High||US$11.81|
|52 Week Low||US$8.98|
|1 Month Change||-0.75%|
|3 Month Change||1.24%|
|1 Year Change||3.71%|
|3 Year Change||-35.65%|
|5 Year Change||-35.77%|
|Change since IPO||-21.38%|
Recent News & Updates
New Residential: I Am Buying This Fat 8.8% Yield For Passive Income
New Residential out-earned its dividend again by a high margin in 1Q-22. The trust’s book value was up 9.8% to $12.56 per share. MSR portfolio provides a hedge against inflation. Despite great dividend coverage and book value growth, the stock trades at a 10% discount to book value.
|NRZ||US Mortgage REITs||US Market|
Return vs Industry: NRZ exceeded the US Mortgage REITs industry which returned -21.9% over the past year.
Return vs Market: NRZ exceeded the US Market which returned -12.7% over the past year.
|NRZ Average Weekly Movement||5.2%|
|Mortgage REITs Industry Average Movement||4.4%|
|Market Average Movement||7.9%|
|10% most volatile stocks in US Market||16.9%|
|10% least volatile stocks in US Market||3.0%|
Stable Share Price: NRZ is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: NRZ's weekly volatility (5%) has been stable over the past year.
About the Company
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.
New Residential Investment Fundamentals Summary
|NRZ fundamental statistics|
Is NRZ overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|NRZ income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||2.33|
|Net Profit Margin||29.93%|
How did NRZ perform over the long term?See historical performance and comparison
9.4%Current Dividend Yield
Is New Residential Investment undervalued compared to its fair value and its price relative to the market?
Valuation Score 4/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PB vs Industry
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NRZ ($10.63) is trading below our estimate of fair value ($15.84)
Significantly Below Fair Value: NRZ is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: NRZ is good value based on its PE Ratio (4.6x) compared to the US Mortgage REITs industry average (11.6x).
PE vs Market: NRZ is good value based on its PE Ratio (4.6x) compared to the US market (15.5x).
Price to Earnings Growth Ratio
PEG Ratio: NRZ's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: NRZ's PB Ratio (0.8x) 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 8 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NRZ's earnings are forecast to decline over the next 3 years (-30.5% per year).
Earnings vs Market: NRZ's earnings are forecast to decline over the next 3 years (-30.5% per year).
High Growth Earnings: NRZ's earnings are forecast to decline over the next 3 years.
Revenue vs Market: NRZ's revenue is expected to decline over the next 3 years (-1.7% per year).
High Growth Revenue: NRZ's revenue is forecast to decline over the next 3 years (-1.7% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if NRZ's Return on Equity is forecast to be high in 3 years time
How has New Residential Investment performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NRZ has high quality earnings.
Growing Profit Margin: NRZ's current net profit margins (29.9%) are higher than last year (16.9%).
Past Earnings Growth Analysis
Earnings Trend: NRZ's earnings have declined by 23.7% per year over the past 5 years.
Accelerating Growth: NRZ's earnings growth over the past year (162.4%) exceeds its 5-year average (-23.7% per year).
Earnings vs Industry: NRZ earnings growth over the past year (162.4%) exceeded the Mortgage REITs industry 5.4%.
Return on Equity
High ROE: NRZ's Return on Equity (16.6%) is considered low.
How is New Residential Investment's financial position?
Financial Health Score2/6
Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: NRZ's short term assets ($18.3B) exceed its short term liabilities ($12.0B).
Long Term Liabilities: NRZ's short term assets ($18.3B) do not cover its long term liabilities ($18.7B).
Debt to Equity History and Analysis
Debt Level: NRZ's net debt to equity ratio (347.9%) is considered high.
Reducing Debt: NRZ's debt to equity ratio has increased from 322.3% to 378.5% over the past 5 years.
Debt Coverage: NRZ's debt is well covered by operating cash flow (26.7%).
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?
Dividend Score 3/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NRZ's dividend (9.41%) is higher than the bottom 25% of dividend payers in the US market (1.57%).
High Dividend: NRZ's dividend (9.41%) is in the top 25% of dividend payers in the US market (4.09%)
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 9 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (40.5%), NRZ's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (6.4%), NRZ's dividend payments are thoroughly covered by cash flows.
Discover strong dividend paying companies
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Michael Nierenberg (58 yo)
Mr. Michael Nierenberg is Chief Executive Officer and Chairman at Fortress Capital Acquisition Corp. He is a Managing Director at Fortress’s Private Equity Group. He is Chief Executive Officer and Chairman...
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
New Residential Investment Corp.'s employee growth, exchange listings and data sources
- Name: New Residential Investment Corp.
- Ticker: NRZ
- Exchange: NYSE
- Founded: 2011
- Industry: Mortgage REITs
- Sector: Diversified Financials
- Implied Market Cap: US$4.962b
- Shares outstanding: 466.79m
- 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
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/05/21 00:00|
|End of Day Share Price||2022/05/20 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.