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New Residential Investment Corp. (NRZ)

NYSE - NYSE Delayed Price. Currency in USD
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9.66-0.05 (-0.51%)
At close: 1:00PM EST
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  • A
    AdamGDB
    Smart. I would imagine they will probably publicly float only a minority of the NewRez business so they keep most of the earnings power and links to NRZ for MSR growth, but can generate $500M-$1B in cash and a mark that raises book value of the firm by $6-8 per share per the last mgmt supplement (page 5). Probably allows them to raise primary capital to invest in its growth as well. Maybe NRZ buys or builds a new underpriced origination firm with some of the proceeds, or just retires shares to boost EPS. Lots of possibilities but should reveal the true undervaluation story many of us have been focused on
  • R
    Rhonda
    11/23..Raymond James maintains outperform..price target $11.50. Cheers
  • B
    Brian
    Stock should end the day in the $9.25-$9.50 range on IPO news. I believe this stock should be above $13.00 based on all statistics.
    Bullish
  • j
    josh
    11/23/20
    Raymond James Raises Price New Residential Investment Corp. (NRZ) $10.50 -> $11.50
  • j
    josh
    11/20/20
    New Residential Investment Corp. (NYSE: NRZ, "New Residential") today announced than an affiliate of NewRez LLC ("NewRez"), a national mortgage lending and servicing organization, has confidentially submitted a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the "SEC") relating to the proposed initial public offering of NewRez’s common stock. The number of shares of common stock to be sold and the price range for the proposed initial public offering have not yet been determined. The initial public offering is expected to take place after the SEC completes its review process, subject to market and other conditions.
  • S
    Scott
    Smart move carving out their operational business since NRZ investors (mREIT investors) would never give an excess valuation due to it. This way we'll get an extra $2-$3 value from NRZ! The IPO was a great call on increasing value to NRZ investors. Thanks!
  • S
    Skullman
    Very positive news. Market has been affording little value to NewRez. It will take time but should be worth $3-5 per share. The filing also sets up a sale process which could produce a high value outcome. Management making good on promises.
    Bullish
  • J
    Johnathan
    I'm new to the understanding and breakdown of the preferred shares versus the common shares, as well as the news this morning.

    I have 500 shares of NRZ and I bought in at $6.91. I own these shares through Robinhood. How will this affect me most likely?
  • H
    Harkishan
    Very bullish

    We can see it go to $15 by next summer and dividend of $1 per year or more

    I am loading up
  • S
    Skiperdoodle
    Great news on the ipo we should see 11 before years end. I believe this is way undervalued.
    Bullish
  • S
    Samuel
    There are plenty of reasons for this stock to go up. Here are some of them:

    ** Real Estate prices are going up.
    ** Dems usually like to encourage poor people to buy their own homes.
    ** Most renters who live in a multi-unit apartment buildings are now convinced that single family homes are safer.
    Bullish
  • C
    Carlos
    Don’t sell NRZ below value !! with the IPO should trade with premium over BV. This is extremely Bullish !!
  • R
    Rhonda
    A bit early "but if" we go by the futures and pre.....we should say bye to the 9s today. Cheers..
  • B
    Bill
    Great news on housing starts today and news release yesterday stating 74% of home buyers have credit scores of 760 and above, less than 2% have scores of 650 and below.
    Heading to $9.00
  • G
    Gary01
    The market has spoken. Going higher, no doubt. I an going to buy more ASAP.
    Bullish
  • C
    Carlos
    NRez IPO will bring amazing value a NRZ. Technical break out
  • T
    Tim
    Spin-offs, share buy backs, increasing dividends. Yeah! Common!
  • S
    Samuel
    Business and Industry: Time Series / Trend Charts
    www.census.gov
    Neutral
  • T
    Thomas
    We getting any NewRez shares?
  • G
    Gary01
    we ended higher today. this stock has a long runway ahead
    Bullish