New Residential Investment Corp.

Symbol: NRZ
CIK: 1556593
Exchange: NYSE
Founded: 2011 (8 years)
HQ: New York, NY, United States
Type of REIT: Mortgage REIT
Listing Status: Public
Market Capitalization: Mid-Cap
REIT Sector: Mortgage
Externally Managed REIT

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See NRZ on SEC.gov

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Overall Score: 4.1

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REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


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Hightlights of Trading Day December 6, 2019


Open Price: $15.74
Closing Price: $15.81
Price Change: 0.1 (0.637%)
Lowest Price: $15.72
Highest Price: $15.87

52-Week Low: $13.63
52-Week High: $17.34
52-Week Change: -7.11%

5 Day Price Change: 1.36%
1 Month Price Change: -2.00%
3 Month Price Change: 8.27%
6 Month Price Change: -0.19%
YTD Price Change: 9.63%
1 Year Price Change: -7.70%
2 Year Price Change: -11.89%
5 Year Price Change: 20.66%

Dividend of Trading Day December 6, 2019


Dividend Yield: 12.65%*
Annualized Dividend: $2*
Dividend Yield (TTM): 12.65%
Annualized Dividend (TTM): $2
Ex Dividend Date: 2019-10-02
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes.

Latest News Headlines


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Key Stats of Trading Day December 6, 2019


Total Cash: $415,078,000
Current Debt: $17,434,165,000
Revenue: $2,366,881,000
Gross Profit: $1,988,556,000
Total Revenue: $2,366,881,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): N/A
Revenue Per Share: $6
Revenue Per Employee: $788,960,333
Employee: 3
Debt to Equity Ratio (D/E): 3.80
Profit Margin: 0.41%
Enterprise Value (EV): $28,932,146,010
Enterprise Value to Revenue (EV/R): 12.22
Price to Sales (P/S): 2.78
Price to Book (P/B): 1.10
Peg Ratio: -0.91
P/E Ratio: 18.83
P/E High: 8.10
P/E Low: 6.37
Forward P/E Ratio: 7.60
Market Capitalization: $6,569,387,010
Beta: 0.77
Latest Volume: 2,180,253.00
Avg. Total Volume: 3,232,347
Avg. 10 Volume: 2,596,586.50
Avg. 30 Volume: 3,232,346.53
TTM EPS: 0.84
TTM Dividend Rate: 2.00
Shares Outstanding: 415,521,000
Float: 413,363,614.97
50-Day Moving Avg.: 15.56
200-Day Moving Avg.: 15.74

Latest REIT Community Comments on #NRZ


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Dividend History


Below are the most recent cash dividends paid by NRZ, and the Ex-Dividend Date of the dividend. The percent difference from one dividend payment to the next has also been calculated for your convenience.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date

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Financial Statements Overview

Balance Sheet (Quarterly)

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Current Cash 0 565,189,000 509,039,000 415,078,000
Receivables 0 0 0 0
Inventory 0 91,038,000 109,154,000 113,410,000
Current Assets 0 0 0 0
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 21,416,748,000 16,423,779,000 14,182,428,000 15,975,861,000
Property, Plant & Equipment Net 0 20,123,000 17,975,000 0
Goodwill 0 24,645,000 24,645,000 24,645,000
Intangible Assets 0 19,065,000 18,866,000 18,708,000
Other Assets 9,775,607,000 8,746,538,000 6,233,730,000 5,873,427,000
Net Tangible Assets 7,178,465,000 6,693,320,000 6,797,636,000 5,973,025,000
Total Assets 41,347,925,000 36,792,375,000 33,409,568,000 31,715,192,000
Accounts Payable 0 0 0 0
Liabilities (Other) 3,401,045,000 1,187,378,000 945,341,000 2,824,881,000
Current Liabilities (Other) 213,098,000 207,760,000 207,715,000 184,552,000
Total Current Liabilities 0 0 0 0
Current Long-term Debt 0 1,981,000 1,800,000 1,758,594,000
Long-term Debt 7,405,872,000 20,778,583,000 6,968,277,000 5,343,672,000
Total Liabilities 34,085,808,000 29,991,545,000 26,497,359,000 25,626,897,000
Minority Interest 14,738,000 6,923,000 10,318,000 8,506,000
Common Stock 415,520,780 4,156,000 4,155,000 3,692,000
Retained Earnings 545,713,000 528,889,000 768,592,000 830,713,000
Treasury Stock 0 0 0 0
Capital Surplus 5,498,226,000 5,498,226,000 5,497,838,000 4,746,242,000
Shareholder Equity 7,178,465,000 6,717,965,000 6,822,281,000 5,997,670,000

Income Statement (Quarterly)

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Total Revenue 721,251,000 601,171,000 630,557,000 465,885,000
Cost of Revenue 117,052,000 82,957,000 81,572,000 97,442,000
Gross Profit 604,199,000 518,214,000 548,985,000 368,443,000
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 250,565,000 201,863,000 180,387,000 189,727,000
Operating Income 482,546,000 206,372,000 423,226,000 167,559,000
Income Expense Net (Other) -243,326,000 -252,969,000 -221,317,000 -226,179,000
EBIT 482,546,000 206,372,000 423,226,000 167,559,000
Interest Income 245,902,000 228,004,000 212,832,000 185,324,000
Pretax Income 239,220,000 -46,597,000 201,909,000 -58,620,000
Income Tax -5,440,000 -21,577,000 45,997,000 -67,474,000
Minority Interest 14,738,000 6,923,000 10,318,000 8,506,000
Net Income 229,922,000 -31,943,000 145,594,000 348,000
Net Income Basic 224,584,000 -31,943,000 145,594,000 348,000

Cash Flow

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2019-09-30 2019-06-30 2019-03-31 2018-12-31
Net Income 229,922,000 -31,943,000 145,594,000 348,000
Depreciation 0 0 0 0
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change 0 56,150,000 93,961,000 -70,819,000
Cash Flow 0 -2,482,790,000 -300,393,000 -1,153,353,000
Capital Expenditures 0 0 0 0
Investments 0 98,731,000 -2,877,577,000 60,268,000
Investing Activity (Other) 0 -918,631,000 -48,769,000 -113,039,000
Total Investing Cash Flows 0 -724,135,000 -2,752,933,000 -145,059,000
Dividends Paid 0 -207,715,000 -184,552,000 -170,179,000
Net Borrowings -6,107,883,000 3,376,251,000 2,731,632,000 1,010,465,000
Cash Flow Financing -6,107,883,000 3,263,075,000 3,147,287,000 1,227,593,000
Financing Cash Flows (Other) 0 94,805,000 -151,452,000 -103,151,000
Exchange Rate Effect 0 0 0 0

About New Residential Investment Corp.


New Residential focuses on opportunistically investing in, and actively managing, investments related to residential real estate. The Company primarily targets investments in mortgage servicing related assets and other related opportunistic investments. New Residential is organized and conducts its operations to qualify as a real estate investment trust (“REIT”) for federal income tax purposes. The Company is managed by an affiliate of Fortress Investment Group LLC (NYSE: FIG), a global investment management firm.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
6 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 5.3
3 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.2
Rating AFFO & Efficiency Section Avg. Rating
Rating Leverage Section Avg. Rating
1 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 5.0
0 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 5.7
10 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.8
3 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 7.4
1 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.2
4 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.9
Rating Asset & Revenue Section Avg. Rating
6 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.8
10 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.3
Rating Properties Section Avg. Rating
4.1 Overall REITRating™ Score 6.4

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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