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NRZ

Market Closed

New Residential Investment Corp

NRZ Stock Price

RSI Chart

Valuation

Market Cap

3.6B

Price/Earnings

3.34

Price/Sales

0.72

Price/Cashflow

0.39

MarketCap/EBT

2.55

Price/Sales

Profitability

EBT Margin

28.16%

Return on Equity

15.47%

Return on Assets

3.13%

Fundamentals

Revenue

Revenue (TTM)

5.0B

Revenue Y/Y

-4.95%

Revenue Q/Q

-30.97%

Earnings

Earnings (TTM)

1.1B

Earnings Y/Y

-77.13%

Earnings Q/Q

-95.17%

Price Action

Last 7 days

5.4%

Last 30 days

14.0%

Last 90 days

-3.0%

Trailing 12 Months

22.7%

Financial Health

Debt/Equity

3.42

Debt/Cashflow

0.39

Investor Care

Dividend Yield

12.9%

Dividend/Share (TTM)

1

Shares Dilution (1Y)

1.53%

Diluted EPS (TTM)

1.95

Peers (Alternatives to New Residential Investment)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
152.0B
20.0B
2.23% 1.39%
24.13
7.98
11.04% 25.60%
116.7B
42.0B
1.40% -4.94%
7.21
2.64
60.13% -37.54%
112.4B
36.7B
6.90% -2.47%
14.67
2.7
36.20% -1.52%
100.1B
18.6B
8.25% -19.69%
17.14
5.16
-0.55% -4.20%
MID-CAP
7.5B
2.1B
15.15% -27.76%
1.96
3.51
-4.46% 14.21%
6.4B
1.3B
-1.33% -16.59%
8.51
5.31
11.01% 77.63%
4.3B
1.1B
-4.46% -17.91%
10.35
3.79
48.48% 10.89%
4.3B
1.4B
16.05% -30.64%
-4.75
3.38
-7.83% -296.46%
3.6B
5.0B
14.03% 22.72%
3.34
0.72
76.11% 65.79%
2.4B
235.1M
11.90% -44.14%
27.66
10.68
12.85% 38.97%
SMALL-CAP
1.3B
835.4M
6.35% -7.92%
-8.84
1.51
87.26% -148.85%
1.0B
260.6M
6.42% -16.53%
-17.78
4.46
29.80% -194.70%
1.0B
445.4M
6.68% -31.41%
-153.63
2.47
40.53% -158.74%
785.2M
116.8M
-32.03% -54.70%
10.08
6.53
-4.08% -28.93%
387.7M
179.3M
6.96% -49.56%
-1.12
2.24
10.55% -617.70%

Financials for New Residential Investment

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue-0.9%4,9895,0374,1683,6222,833
Operating Expenses0.0%3,4903,4902,8512,6172,029
  S&GA Expenses-3.3%903933881864583
Earnings Before Taxes-1.8%1,3921,4181,457964914
Net Income-9.4%1,0821,194806719
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets2.3%35,33534,55437,86939,74241,604
    Cash Equivalents-6.0%1,4201,5111,6711,3331,367
  Net PPE-13.5%45525760-
  Goodwill0%85858529-
Liabilities2.8%28,27327,49130,68433,07334,977
  Long Term Debt-12.0%23,89027,13729,82331,584-
Shareholder's Equity0.0%6,9916,9947,1236,6046,556
  Retained Earnings1.6%-381.84-387.87-267.88-813.04-856.80
  Additional Paid-In Capital0.0%6,0616,0616,0606,0606,058
Shares Outstanding1.5%474467467467467
Minority Interest2.7%7169626571
* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations11.4%10,3029,2467,2692,884-716.42
  Share Based Compensation-17.1%111
Cashflow From Investing-126.3%-1,355.365,1462,3682,306467
Cashflow From Financing37.3%-8,558.76-13,641.40-8,846.10-4,742.16771
  Dividend Payments16.2%534460410376322
  Buy Backs-33.3%58150
* denotes actual numbers (not divided by Millions)

Risks

What is the probability of a big loss on NRZ?

44.2%


Probability that New Residential Investment stock will be more than 20% underwater in next one year

24.6%


Probability that New Residential Investment stock will be more than 30% underwater in next one year.

20.4%


Probability that New Residential Investment stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does NRZ drawdown profile look like?

Y-axis is the maximum loss one would have experienced if New Residential Investment was unfortunately bought at previous high price.

Returns

Cumulative Returns on NRZ

5.8%


7-Year Cumulative Returns

1.0%


5-Year Cumulative Returns

-2.9%


3-Year Cumulative Returns

What are the long-term rolling returns for NRZ?

FIve years rolling returns for New Residential Investment.

Which funds bought or sold NRZ recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-29
Bridgefront Capital, LLC
ADDED
55.73
32,000
175,000
0.18%
2022-11-23
Eagle Bay Advisors LLC
UNCHANGED
-
-179
2,000
-%
2022-11-22
B. Riley Wealth Advisors, Inc.
ADDED
27.57
1,000
300,000
0.01%
2022-11-22
IHT Wealth Management, LLC
REDUCED
-0.69
-85,000
299,000
0.02%
2022-11-21
Bray Capital Advisors
NEW
-
7,000
7,000
-%
2022-11-21
Sunbelt Securities, Inc.
ADDED
1.58
-48,000
188,000
0.04%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
ADDED
3.2
-1,035,000
4,428,000
0.01%
2022-11-17
CENTRAL TRUST Co
SOLD OFF
-100
-1,000
-
-%
2022-11-17
M&T Bank Corp
REDUCED
-12.66
-32,000
121,000
-%
2022-11-16
Front Row Advisors LLC
NEW
-
200,000
200,000
0.10%

1–10 of 45

Latest Funds Activity

Are funds buying NRZ calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own NRZ

New Residential Investment News

Seeking Alpha

Mortgage REITs: High Yields Are Fine, For Now.21 days ago

Seeking Alpha

NRZ Fair Value

Recent SEC filings of New Residential Investment

View All Filings
Date Filed Form Type Document
Nov 03, 2022
10-Q
Quarterly Report
Nov 02, 2022
8-K
Current Report

Latest Insider Trading transactions for NRZ

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-06-30
Finnerty Kevin J
ACQUIRED
-
-
8,048
-
2022-06-30
Sloves Andrew
ACQUIRED
-
-
8,048
-
2022-05-27
Saltzman David
ACQUIRED
-
-
8,874
-
2022-05-27
LENEHAN PAMELA F
ACQUIRED
-
-
9,761
-
2022-05-27
Le Melle Patrice M
ACQUIRED
-
-
8,874
-
2022-05-27
Finnerty Kevin J
ACQUIRED
-
-
8,874
-
2022-05-27
MCGINNIS ROBERT
ACQUIRED
-
-
8,874
-
2022-05-27
Sloves Andrew
ACQUIRED
-
-
8,874
-
2022-01-04
MCGINNIS ROBERT
ACQUIRED
-
-
9,116
-
2022-01-04
LENEHAN PAMELA F
ACQUIRED
-
-
10,028
-

1–10 of 50

NRZ Income Statement

2022-09-30
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues    
Servicing fee revenue, net and interest income from MSRs and MSR financing receivables$ 453,163$ 390,893$ 1,379,041$ 1,095,353
Change in fair value of MSRs and MSR financing receivables (includes realization of cash flows of $(141,616), $(287,318), $(522,206), $(924,766), respectively)(17,178)(195,623)894,778(421,332)
Servicing revenue, net435,985195,2702,273,819674,021
Interest income273,379190,633710,440593,342
Gain on originated residential mortgage loans, held-for-sale, net203,479566,761980,2661,257,094
Total revenues912,843952,6643,964,5252,524,457
Expenses    
Interest expense and warehouse line fees218,089129,928507,751355,372
General and administrative214,624237,319686,133574,166
Compensation and benefits290,984324,5451,023,261717,919
Management fee to affiliate024,31546,17470,154
Termination fee to affiliate00400,0000
Total operating expenses723,697716,1072,663,3191,717,611
Other Income (Loss)    
Change in fair value of investments, net968,34011,112587,1811,224
Gain (loss) on settlement of investments, net(1,004,454)(98,317)(848,334)(188,919)
Other income (loss), net23,24252,888134,962127,333
Total other income (loss)(12,872)(34,317)(126,191)(60,362)
Income Before Income Taxes176,274202,2401,175,015746,484
Income tax expense (benefit)22,08431,559297,563128,741
Net income (loss)154,190170,681877,452617,743
Noncontrolling interests in income of consolidated subsidiaries7,3079,00127,09828,448
Dividends on preferred stock22,42715,53367,31544,249
Net income attributable to common stockholders - basic124,456146,147783,039545,046
Net Income Attributable to Common Stockholders - diluted$ 124,456$ 146,147$ 783,039$ 545,046
Net Income Per Share of Common Stock    
Basic (in dollars per share)$ 0.27$ 0.31$ 1.68$ 1.22
Diluted (in dollars per share)$ 0.26$ 0.30$ 1.62$ 1.18
Weighted Average Number of Shares of Common Stock Outstanding    
Basic (in shares)467,974,962466,579,920467,192,721446,085,657
Diluted (in shares)476,796,757482,282,695481,900,129461,694,481
Dividend declared per Share of Common Stock (in dollars per share)$ 0.25$ 0.25$ 0.75$ 0.65

NRZ Balance Sheet

2022-09-30
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Assets  
Excess mortgage servicing rights, at fair value$ 322,168$ 344,947
Mortgage servicing rights and mortgage servicing rights financing receivables, at fair value[1]8,895,0746,858,803
Servicer advance investments, at fair value[1]371,418421,807
Real estate and other securities9,437,0089,396,539
Residential loans and variable interest entity consumer loans held-for-investment, at fair value[1]864,5341,077,224
Residential mortgage loans, held-for-sale ($3,933,392 and $11,214,924 at fair value, respectively)4,037,41111,347,845
Single-family rental properties, held-for-investment959,448579,607
Mortgage loans receivable, at fair value[1]1,919,9131,515,762
Residential mortgage loans subject to repurchase[2]1,897,1421,787,314
Cash and cash equivalents1,420,0101,332,575[1]
Restricted cash[1]529,565195,867
Servicer advance receivable[1]2,522,2462,855,148
Other assets[1]2,158,5982,028,752
Total assets35,334,53539,742,190
Liabilities  
Secured financing agreements[1]13,655,24720,592,884
Secured notes and bonds payable ([$0] and [$511,107] at fair value, respectively)[1]9,653,6648,644,810
Residential mortgage loan repurchase liability[2]1,897,1421,787,314
Unsecured senior notes, net of issuance costs544,612543,293
Payable for investments purchased498,9330
Due to affiliates017,819
Dividends payable129,632127,922
Accrued expenses and other liabilities[1]1,893,6791,358,768
Total liabilities28,272,90933,072,810
Commitments and Contingencies
Equity  
Preferred stock, $0.01 par value, 100,000,000 shares authorized, 52,038,000 and 52,210,000 issued and outstanding, $1,300,959 and $1,305,250 aggregate liquidation preference, respectively1,258,6671,262,481
Common stock, $0.01 par value, 2,000,000,000 shares authorized, 473,715,100 and 466,758,266 issued and outstanding, respectively4,7394,669
Additional paid-in capital6,060,6716,059,671
Retained earnings (accumulated deficit)(381,843)(813,042)
Accumulated other comprehensive income48,33790,253
Total Rithm Capital stockholders’ equity6,990,5716,604,032
Noncontrolling interests in equity of consolidated subsidiaries[1]71,05565,348
Total equity7,061,6266,669,380
Liabilities and Equity$ 35,334,535$ 39,742,190
[1]The Company's Consolidated Balance Sheets include assets of consolidated variable interest entities (“VIEs”) that can only be used to settle obligations and liabilities of the VIE for which creditors do not have recourse to the primary beneficiary (Rithm Capital). As of September 30, 2022, and December 31, 2021, total assets of consolidated VIEs were $3.4 billion and $2.8 billion, respectively, and total liabilities of consolidated VIEs were $2.8 billion and $2.1 billion, respectively. See Note 20 for further details.
[2]See Note 5 for details.