New Residential Investment Corp (NRZ)


Stock Price Forecast

Aug. 29, 2022


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About the Company

New Residential is a leading provider of capital and services to the mortgage and financial services industry. The Company's mission is to generate attractive risk-adjusted returns in all interest rate environments through a portfolio of investments and operating businesses. New Residential has built a diversified, hard-to-replicate portfolio with high-quality investment strategies that have generated returns across different interest rate environments over time. New Residential's portfolio is composed of mortgage servicing related assets (including investments in operating entities consisting of servicing, origination, and affiliated businesses), residential securities (and associated called rights) and loans, and consumer loans. New Residential's investments in operating entities include its mortgage origination and servicing subsidiary, NewRez, and its special servicing division, Shellpoint Mortgage Servicing, as well as investments in affiliated businesses that provide services that are complementary to the origination and servicing businesses and other portfolios of mortgage related assets. Since inception in 2013, New Residential has a proven track record of performance, growing and protecting the value of its assets while generating attractive risk-adjusted returns and delivering over $3.4 billion in dividends to shareholders. New Residential is organized and conducts its operations to qualify as a real estate investment trust (REIT) for federal income tax purposes. New Residential is managed by an affiliate of Fortress Investment Group LLC, a global investment management firm, and headquartered in New York City.

Sector

Finance and Insurance

Industry

Other Financial Vehicles

Employees

5667

CEO

Michael Nierenberg

Exchange

NEW YORK STOCK EXCHANGE INC.

Website

www.newresi.com

$5B

Total Revenue

6K

Employees

$5B

Market Capitalization

4.41

Price/Earning ratio

Fundamental Data and Insider Transactions (Quarterly data) Full Screen

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Latest $NRZ News

Residential real estate company buys new West Valley build-to-rent community

12h ago, source: KTAR News

A real estate company just bought an Avondale community called Cottages at McDowell for $57 million. It has 217 one-and ...

Living downtown eyed in next steps of New Kensington's ongoing revitalization

3h ago, source:

An early part of redeveloping New Kensington’s downtown has focused on attracting new businesses in an effort to draw more ...

KOI Superior Walls creating 73 jobs with $2.4M Boone investment

16h ago, source: Lane Report

KOI Superior Walls announced plans to locate a new $2.4 million manufacturing facility in Boone County, a project that is ...

Provident Housing secures ₹1150 crore investment from HDFC Capital, with a potential GDV of ₹17,100 crore

on MSN ago, source:

Provident Housing will utilize the investment of ₹1150 crore from HDFC Capital to develop 6.2 million square feet of new ...

Lohia Global enters into real estate sector with Rs 1,000 crore investment

1h ago, source: realty.economictimes.indiatimes

Lohia Global plans to invest Rs 1,000 crore in five residential projects spread across 30 lakh sq ft area in Moradabad, ...

Equity Residential Receives Hold Rating Amidst Solid Fundamentals and Limited Near-Term Upside

12h ago, source: Business Insider

By upgrading to TipRanks Premium, you will gain access to this exclusive data and discover crucial insights to guide your investment decisions. Begin your TipRanks Premium journey today. Equity ...

The New Epicentre For Luxury Living In Mumbai: JVLR-LBS Intersect

32m ago, source:

Discover the allure of JVLR-LBS Intersect in Mumbai, where luxury living meets unrivaled connectivity. With new premium ...

Reviving Retail: Shopoff's Vision for Converting Distressed Spaces into Thriving Residential Hubs

1d ago, source: GlobeSt.com

IRVINE, CA—The real estate investment ... residential properties—a tale that seamlessly merges two major real estate asset ...

North Jacksonville sees residential surge

8h ago, source:

In the last seven years, 253 building permits for apartments have been issued for properties in North Jacksonville. Here's ...

Two former loan officers at NJ Lenders Corp. charged for role in mortgage fraud

on MSN ago, source:

Christopher Gallo, 44, of Old Tappan in Bergen County, and his former assistant Mehmet Elmas, 32, a U.S. citizen who lives in ...

Tricon Residential Inc. Announces Receipt of Investment Canada Act Approval for Take Private by Blackstone Real Estate

1d ago, source:

Tricon Residential Inc. (NYSE: TCN, TSX: TCN) ("Tricon" or the "Company") today announced receipt of Investment Canada Act approval in connection with the previously announced statutory plan of ...

KOI Precast Concrete forms new company, plans new manufacturing plant in Boone County

20h ago, source:

The new company manufactures badly needed products for Greater Cincinnati's commercial and residential construction industry.

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