NRZ - New Residential Investment Corp.

NYSE - NYSE Delayed Price. Currency in USD
14.16
+0.20 (+1.43%)
At close: 4:00PM EDT
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Previous Close13.96
Open14.00
Bid0.00 x 3200
Ask0.00 x 1400
Day's Range14.00 - 14.28
52 Week Range13.86 - 18.75
Volume2,541,353
Avg. Volume3,571,166
Market Cap5.884B
Beta (3Y Monthly)1.07
PE Ratio (TTM)17.97
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield2.00 (14.33%)
Ex-Dividend Date2019-06-28
1y Target EstN/A
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All
News
Press Releases
  • Business Wire

    New Residential Announces Pricing of Public Offering of Preferred Stock

    “New Residential” or the “Company”) announced today that it priced an opportunistic underwritten public offering of 10,000,000 shares of its 7.125% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the “Preferred Stock”) with a liquidation preference of $25.00 per share, for gross proceeds of approximately $250,000,000, before deducting underwriting discounts and other estimated offering expenses. The Company intends to apply to list the Preferred Stock on the New York Stock Exchange under the symbol “NRZ PR B.” The offering is expected to close on August 15, 2019, subject to customary closing conditions. In connection with the offering, the Company has granted the underwriters an option for a period of 30 days to purchase up to an additional 1,500,000 shares of the Preferred Stock.

  • Business Wire

    New Residential Launches Public Offering of Preferred Stock

    “New Residential” or the “Company”) announces that it has launched an opportunistic underwritten public offering of Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the “Preferred Stock”), subject to market conditions. The terms of the Preferred Stock are to be determined by negotiations between the Company and the underwriters. The Company intends to apply to list the Preferred Stock on the New York Stock Exchange under the symbol “NRZ PR B.” The Company expects to grant to the underwriters a 30-day option to purchase up to an additional 15% of the shares of the Preferred Stock being offered to cover over-allotments, if any.

  • PROGRESS in Lending Association Names NewRez Senior Vice President Correspondent Lending, Lisa Schreiber, One of the Most Powerful Women in FinTech
    Business Wire

    PROGRESS in Lending Association Names NewRez Senior Vice President Correspondent Lending, Lisa Schreiber, One of the Most Powerful Women in FinTech

    NewRez LLC (“NewRez”), a national mortgage lender, proudly announces that PROGRESS in Lending Association, a mortgage industry organization focused on educating professionals in the use of technology, has named NewRez Senior Vice President Correspondent Lending, Lisa Schreiber, one of the Most Powerful Women in FinTech. Schreiber earned this honor in recognition of her accomplishments in applying technology to improve various origination processes and her forward-looking approach to technology innovation.

  • Business Wire

    NewRez and Shelter Mortgage Announce Formation of New Joint Venture Lender, Your Home Financial

    NewRez LLC (“NewRez”), a national mortgage lender, announced today the formation of a new Joint Venture mortgage company to be added to its network of partners. NewRez and Shelter Mortgage Company, LLC (“Shelter Mortgage Company”), the NewRez business division focused on JV lending, have partnered in this venture with Russell Real Estate Services, a long-standing family-run business serving the greater Cleveland, OH area.

  • Business Wire

    New Residential Announces Second Quarter 2019 Results

    New Residential Investment Corp. today reported the following information for the second quarter ended June 30, 2019:

  • PR Newswire

    Covius Completes Chronos Solutions Acquisition and NRZ Strategic Investment

    DENVER , July 29, 2019 /PRNewswire/ -- Covius Holdings, a leading provider of technology-enabled solutions to the financial services industry, announced today that it has completed its previously announced ...

  • Business Wire

    New Residential Investment Corp. Schedules Second Quarter 2019 Earnings Release and Conference Call

    New Residential Investment Corp. (NYSE:NRZ, “New Residential” or the “Company”) announced today that it will release its second quarter financial results for the period ended June 30, 2019 on Tuesday, July 30, 2019 prior to the opening of the New York Stock Exchange. In addition, management will host a conference call on Tuesday, July 30, 2019 at 8:00 A.M. Eastern Time.

  • Business Wire

    NewRez Joint Venture Partnership Program Launches Preferred Lending Services

    Team of successful Loan Officers brings unparalleled mortgage services to Greater Tampa

  • Business Wire

    New Residential Declares a Second Quarter 2019 Dividend of $0.50 per Common Share

    “New Residential” or the “Company”) announced today that its Board of Directors declared a quarterly dividend of $0.50 per common share for the second quarter of 2019. New Residential focuses on opportunistically investing in, and actively managing, investments principally related to residential real estate. Following the acquisition of Shellpoint Partners LLC (“Shellpoint”) in 2018, New Residential now also benefits from Shellpoint’s origination and third-party servicing platform, as well as a suite of ancillary businesses including title insurance, appraisal management, real estate owned management and other real estate services.

  • Business Wire

    New Residential Investment Corp. Signs Asset Purchase Agreement with Ditech Holding Corporation

    New Residential Investment Corp. (NYSE: NRZ, “New Residential”, the “Company”) announced today that it has entered into a “stalking horse” Asset Purchase Agreement (the “APA”) with Ditech Holding Corporation (“Ditech”) and Ditech Financial LLC (“Ditech Financial”) to purchase substantially all of the forward assets of Ditech Financial. The final purchase price will be determined at the closing of the transaction based on the tangible book value of the related assets, subject to certain agreed upon adjustments.

  • PR Newswire

    Covius to Acquire Chronos Solutions' Credit, Verification, REO and Auction Businesses

    DENVER, June 4, 2019 /PRNewswire/ -- Covius Holdings, a leading provider of technology-enabled solutions to the financial services industry, announced today that it has entered into a definitive asset purchase agreement to acquire certain businesses from Chronos Solutions (Chronos), including its credit, flood, income and tax verification services, government services, REO management and disposition, online foreclosure auction and homeowners association (HOA) tracking units.

  • Business Wire

    Bijoy John, NewRez VP of Retention Marketing, Named HousingWire Rising Star

    National Mortgage Lender, NewRez, announced today that Bijoy John, NewRez Vice President of Retention Marketing, has been named one of HousingWire’s 2019 Rising Stars. The award, given to only 50 industry professionals each year, represents the best young leaders in the mortgage industry in lending, servicing, investing and real estate. Mr. John joined NewRez in June 2018 to lead the organization’s Retention Marketing efforts.

  • Business Wire

    NewRez Correspondent Lending Division Launches Integration with Ellie Mae’s Encompass Investor Connect™

    National mortgage lender NewRez (formerly New Penn Financial) announced today the integration of Ellie Mae’s Encompass Investor ConnectTM, an innovative solution which streamlines workflows between lenders and correspondent investors. Encompass Investor Connect establishes secure system-to-system workflows, ensuring the delivery of accurate and complete loan packages between lenders and correspondent investors. “We’re excited to add Encompass Investor Connect into our digital mortgage toolkit,” said Lisa Schreiber, Senior Vice President of Correspondent Lending at NewRez.

  • Business Wire

    New Residential Investment Corp. Announces Strategic Investment in Covius Holdings

    New Residential Investment Corp. (NYSE:NRZ, “New Residential”) announced today that it has entered into agreements to make a strategic investment in Covius Holdings Inc. (“Covius”), a leading provider of technology-enabled services to the financial services industry. Covius is actively expanding its services into other product categories of importance to the mortgage industry and intends to use the proceeds from the investment to support strategic acquisitions and various other growth initiatives. Following the investment, New Residential will own a minority stake in Covius, with an option to increase its ownership position through specified future investments.

  • Business Wire

    New Residential Announces First Quarter 2019 Results

    New Residential Investment Corp. today reported the following information for the first quarter ended March 31, 2019:

  • Business Wire

    New Residential Investment Corp. Schedules First Quarter 2019 Earnings Release and Conference Call

    New Residential Investment Corp. (NYSE:NRZ, “New Residential” or the “Company”) announced today that it will release its first quarter financial results for the period ended March 31, 2019 on Wednesday, May 1, 2019 prior to the opening of the New York Stock Exchange. In addition, management will host a conference call on Wednesday, May 1, 2019 at 8:00 A.M. Eastern Time. A simultaneous webcast of the conference call will be available to the public on a listen-only basis at www.newresi.com.

  • Business Wire

    New Residential Investment Corp. Appoints Pamela F. Lenehan to Board of Directors

    New Residential Investment Corp. (NYSE: NRZ, “New Residential” or the “Company”) announced today that the Board of Directors of the Company (the “Board”) has elected Pamela F. Lenehan, a senior executive with deep experience in technology, corporate advisory, strategic planning and public board environments, as an independent member of the Board, effective as of April 12, 2019. With the addition of Ms. Lenehan, New Residential’s Board composition now consists of eight members.

  • Business Wire

    NewRez Announces Enhancements to its SMART Series Non-QM, Non-Agency Loan Products

    National mortgage lender NewRez (formerly New Penn Financial) announced the expansion of its SMART Loan Series, a line of Non-QM, non-agency loan products that provide a variety of options for highly qualified borrowers who fall outside the specific requirements of traditional mortgage loans. The SMART series, originally launched in February 2018 with four products, has been extremely well-received in the marketplace. With two additional loan programs added during the past year, the product suite is aimed at borrowers who are unable to secure traditional financing, those with an isolated derogatory event, bank statement or asset qualifiers, experienced real estate investors, and non-warrantable condominiums.

  • Business Wire

    NewRez Partners with LoanNEX

    Point of Sale to Simplify Pricing and Eligibility for Non-QM

  • Business Wire

    New Residential Declares a First Quarter Dividend of $0.50 per Common Share

    New Residential Investment Corp. announced today that its Board of Directors declared a quarterly dividend of $0.50 per common share for the first quarter of 2019.

  • Business Wire

    New Residential Announces Pricing of Public Offering of Common Stock

    “New Residential” or the “Company”) announced today that it priced its underwritten public offering of 40,297,096 shares of its common stock for gross proceeds of approximately $664.9 million. Of the total number of shares being offered, 40,000,000 shares are being offered by the Company and the remainder is being offered by FIG LLC (the “Selling Stockholder”), which acquired the shares through the exercise of outstanding options. The underwriters may offer the shares from time to time for sale in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices relating to prevailing market prices or at negotiated prices.

  • Business Wire

    New Residential Announces Public Offering of Common Stock

    “New Residential” or the “Company”) announced today the commencement of a public offering of 40,297,096 shares of its common stock, subject to market conditions. Of the total number of shares being offered, 40,000,000 shares are being offered by the Company and the remainder is being offered pursuant to an exercise of options by FIG LLC (the “Selling Stockholder”). The underwriters may offer the shares from time to time for sale in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices relating to prevailing market prices or at negotiated prices.

  • Business Wire

    New Residential Announces Fourth Quarter & Full Year 2018 Results

    New Residential Investment Corp. today reported the following information for the fourth quarter and full year ended December 31, 20