New Residential Investment downgraded by Piper Sandler with a new price target
$NRZ
Real Estate Investment Trusts
Real Estate
Piper Sandler downgraded New Residential Investment from Overweight to Neutral and set a new price target of $12.00
Save time and jump to the most important pieces.
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/13/2022 | $12.00 → $10.00 | Neutral → Underweight | Piper Sandler |
| 5/5/2022 | $12.00 | Overweight → Neutral | Piper Sandler |
| 11/19/2021 | $12.00 → $13.00 | Outperform | RBC Capital |
| 10/18/2021 | $11.00 → $11.50 | Market Outperform | JMP Securities |
| 9/30/2021 | $13.00 | Overweight | Barclays |
| 8/30/2021 | $12.00 → $13.00 | Outperform | Credit Suisse |
8-K - Rithm Capital Corp. (0001556593) (Filer)
8-K - Rithm Capital Corp. (0001556593) (Filer)
10-Q - Rithm Capital Corp. (0001556593) (Filer)
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
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
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
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
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
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
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
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
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. "
SC 13G - New Residential Investment Corp. (0001556593) (Subject)
SC 13G/A - New Residential Investment Corp. (0001556593) (Subject)
SC 13G/A - New Residential Investment Corp. (0001556593) (Subject)
Piper Sandler downgraded New Residential Investment from Neutral to Underweight and set a new price target of $10.00 from $12.00 previously
Piper Sandler downgraded New Residential Investment from Overweight to Neutral and set a new price target of $12.00
RBC Capital reiterated coverage of New Residential Inv with a rating of Outperform and set a new price target of $13.00 from $12.00 previously
4 - Rithm Capital Corp. (0001556593) (Issuer)
4 - Rithm Capital Corp. (0001556593) (Issuer)
3 - Rithm Capital Corp. (0001556593) (Issuer)
New Residential Inv (NYSE:NRZ) reported its Q2 earnings results on Tuesday, August 2, 2022 at 06:30 AM. Here's what investors need to know about the announcement. Earnings New Residential Inv reported in-line EPS of $0.31 versus an estimate of $0.31. Revenue was up $64.51 million from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.02 which was followed by a 1.82% increase in the share price the next day. Here's a look at New Residential Inv's past performance: Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021 EPS Estimate 0.35 0.4 0.35 0.31 EPS Actual 0.37 0.4 0.44 0.31
New Residential Inv (NYSE:NRZ) reported quarterly earnings of $0.31 per share which met the analyst consensus estimate. This is unchanged from the same period last year.
Companies Reporting Before The Bell • Ferrari (NYSE:RACE) is expected to report quarterly earnings at $1.27 per share on revenue of $1.22 billion. • AudioCodes (NASDAQ:AUDC) is estimated to report quarterly earnings at $0.34 per share on revenue of $68.33 million. • Kopin (NASDAQ:KOPN) is estimated to report quarterly loss at $0.03 per share on revenue of $12.56 million. • Rhythm Pharmaceuticals (NASDAQ:RYTM) is expected to report quarterly loss at $0.95 per share on revenue of $2.58 million. • Eos Energy Enterprises (NASDAQ:EOSE) is projected to report quarterly loss at $0.59 per share on revenue of $6.61 million. • Sprott (NYSE:SII) is estimated to report earnings for its second q