Credit Suisse resumed coverage on New Residential Inv with a new price target

$NRZ
Real Estate Investment Trusts
Real Estate
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Recent Analyst Ratings for
$NRZ

DatePrice TargetRatingAnalyst
6/13/2022$12.00 → $10.00Neutral → Underweight
Piper Sandler
5/5/2022$12.00Overweight → Neutral
Piper Sandler
11/19/2021$12.00 → $13.00Outperform
RBC Capital
10/18/2021$11.00 → $11.50Market Outperform
JMP Securities
9/30/2021$13.00Overweight
Barclays
8/30/2021$12.00 → $13.00Outperform
Credit Suisse
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$NRZ
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  • Newrez Furthers Commitment to Serving Nation's Veterans, Tees Off 2022 VGA National Sponsorship

    Newrez LLC ("Newrez", the "Company"), a national mortgage lending and servicing organization, is lending more support to a community near and dear to the organization – veterans – by becoming a 2022 Veterans Golf Association ("VGA") National Sponsor. Dedicated to enriching the lives of veterans and their family members through the camaraderie and sportsmanship of golf, the VGA hosts more than 650 tournaments annually for more than 14,000 members in over 48 states. Through local league play, regional tournaments, and national qualifiers, the VGA helps reinforce values like integrity, respect, and perseverance through the game of golf. Newrez, known for its commitment to meeting the specific

    $NRZ
    Real Estate Investment Trusts
    Real Estate
  • New Residential Investment Corp. Schedules Second Quarter 2022 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 2022 financial results for the period ended June 30, 2022 on Tuesday, August 2, 2022 prior to the opening of the New York Stock Exchange. In addition, management will host a conference call on Tuesday, August 2, 2022 at 8:00 A.M. Eastern Time. As previously announced, the Company's name change to Rithm Capital Corp. (NYSE:RITM, "Rithm Capital" or "Rithm"))) will take effect on August 1, 2022. The Company's common stock will begin trading on the NYSE under the ticker symbol 'RITM' on August 2, 2022. This will replace the Company's current ticker symbol NY

    $NRZ
    Real Estate Investment Trusts
    Real Estate
  • New Residential Investment Corp. Announces Internalization and Rebrand to Rithm Capital, and Declares Second Quarter 2022 Dividends

    New Residential Investment Corp. (NYSE:NRZ) ("NRZ" or the "Company") announced today it has entered into agreements providing for the internalization of the Company's management function. In conjunction with the internalization, the Company announced plans to change its name and rebrand as Rithm Capital Corp. (NYSE:RITM) ("Rithm Capital"). Internalization Agreement Under the Internalization Agreement, the parties have terminated the Management and Advisory Agreement, dated May 7, 2015 (the "Management Agreement"), effective as of June 17, 2022 (the "Effective Date"). In connection with the termination of the Management Agreement, the Company has agreed to pay FIG LLC (the "Manager") $400

    $NRZ
    Real Estate Investment Trusts
    Real Estate

$NRZ
Analyst Ratings

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$NRZ
Insider Trading

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SEC Filings

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$NRZ
Leadership Updates

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  • New Residential Investment Corp. Appoints Patrice M. Le Melle to Board of Directors

    Addition of Patrice M. Le Melle to the Board of Directors adds further depth to the Board's government, corporate governance, and data & privacy experience Ms. Le Melle will be a member of the Board's Nominating and Corporate Governance Committee 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 Patrice M. Le Melle, Associate General Counsel at Columbia University, as an independent member of the Board, effective as of November 8, 2021. With the addition of Ms. Le Melle, New Residential's Board will consist of eight members. "We are extremely excited to welcome Patrice

    $NRZ
    Real Estate Investment Trusts
    Real Estate
  • Urban Edge Properties Appoints Susan Givens to the Board of Trustees

    Urban Edge Properties (NYSE:UE) today announced the appointment of Susan Givens to the Company's Board of Trustees effective July 1, 2021. With this appointment, Urban Edge's Board of Trustees has increased from eight members to nine. Ms. Givens has nearly 20 years of private equity, capital markets, M&A, and finance experience. Since October 2014, she has served as Chief Executive Officer and President of New Senior Investment Group Inc. (NYSE:SNR). Prior to that, Ms. Givens was a Managing Director in the Private Equity group at Fortress Investment Group, where she spent more than 13 years. While at Fortress she also served as the Chief Financial Officer and Treasurer of New Residential I

    $UE
    $NRZ
    $SNR
    Real Estate
    Finance
    Real Estate Investment Trusts
    Consumer Services
  • NewRez Appoints Raj Singh as Chief Risk Officer

    NewRez LLC ("NewRez", the "Company"), a national mortgage lending and servicing organization, announced today that Rajinder Singh has joined its executive team as Chief Risk Officer, effective immediately. As Chief Risk Officer, Mr. Singh will oversee all aspects of risk, including the development and implementation of scalable infrastructure, analytics, processes, and systems for enterprise-wide risk management. This elevated, executive position reflects NewRez's objective to further emphasize risk management throughout the entire organization. "Raj brings a wealth of experience in risk, audit, management, and process improvement to NewRez," said Baron Silverstein, President of NewRez. "

    $NRZ
    Real Estate Investment Trusts
    Real Estate

$NRZ
Financials

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  • New Residential Investment Corp. Schedules Second Quarter 2022 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 2022 financial results for the period ended June 30, 2022 on Tuesday, August 2, 2022 prior to the opening of the New York Stock Exchange. In addition, management will host a conference call on Tuesday, August 2, 2022 at 8:00 A.M. Eastern Time. As previously announced, the Company's name change to Rithm Capital Corp. (NYSE:RITM, "Rithm Capital" or "Rithm"))) will take effect on August 1, 2022. The Company's common stock will begin trading on the NYSE under the ticker symbol 'RITM' on August 2, 2022. This will replace the Company's current ticker symbol NY

    $NRZ
    Real Estate Investment Trusts
    Real Estate
  • New Residential Investment Corp. Announces Internalization and Rebrand to Rithm Capital, and Declares Second Quarter 2022 Dividends

    New Residential Investment Corp. (NYSE:NRZ) ("NRZ" or the "Company") announced today it has entered into agreements providing for the internalization of the Company's management function. In conjunction with the internalization, the Company announced plans to change its name and rebrand as Rithm Capital Corp. (NYSE:RITM) ("Rithm Capital"). Internalization Agreement Under the Internalization Agreement, the parties have terminated the Management and Advisory Agreement, dated May 7, 2015 (the "Management Agreement"), effective as of June 17, 2022 (the "Effective Date"). In connection with the termination of the Management Agreement, the Company has agreed to pay FIG LLC (the "Manager") $400

    $NRZ
    Real Estate Investment Trusts
    Real Estate
  • New Residential Investment Corp. Announces First Quarter 2022 Results

    New Residential Investment Corp. (NYSE:NRZ, "New Residential" or the "Company"))) today reported the following information for the first quarter ended March 31, 2022: First Quarter 2022 Financial Highlights: GAAP net income of $661.9 million, or $1.37 per diluted common share(1) Core earnings of $177.4 million, or $0.37 per diluted common share(1)(2) Common dividend of $116.7 million, or $0.25 per common share Book value per common share of $12.56(1) Q1 2022 Q4 2021 Summary Operating Results:         GAAP Net Income per Diluted Common Share(1) $ 1.37   $ 0.33   GAAP Net Income $ 661.9 million $ 160

    $NRZ
    Real Estate Investment Trusts
    Real Estate

$NRZ
Large Ownership Changes

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