Welcome to our dedicated page for nrz news (Ticker: nrz), a resource for investors and traders seeking the latest updates and insights on nrz stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect nrz's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of nrz's position in the market.
New Residential Investment Corp. (NYSE: NRZ) reported robust financial results for Q1 2021, achieving a GAAP net income of $277.6 million or $0.65 per diluted share. Core earnings reached $144.8 million, equating to $0.34 per diluted share. The company maintained a common dividend of $82.9 million at $0.20 per share. Mortgage Servicing Rights (MSR) totaled approximately $515 billion in unpaid principal balance, while the origination segment generated pre-tax income of $191.2 million. The company anticipates further growth following its acquisition of Caliber Home Loans.
New Residential Investment Corp. (NYSE:NRZ) will release its Q1 2021 financial results on May 5, 2021, before market opening. A conference call will follow on the same day at 8:00 A.M. ET, accessible via phone or a live webcast on the company's website. Participants can pre-register for the call and access a replay afterwards. New Residential focuses on generating attractive risk-adjusted returns through a diverse portfolio of mortgage-related investments and has delivered over $3.6 billion in dividends since its inception in 2013.
New Residential Investment Corp. (NRZ) has announced the pricing of a public offering of 45 million shares at $10.10 per share, expected to close on April 19, 2021. The offering includes an option for underwriters to purchase an additional 6.75 million shares. Proceeds will primarily finance the acquisition of Caliber Home Loans and cover related expenses. If the acquisition does not proceed, funds will be allocated for general corporate purposes. The offering is made under an effective shelf registration statement with the SEC.
New Residential Investment Corp. (NYSE: NRZ) announced a public offering of 45 million shares of common stock, with an option for underwriters to purchase an additional 6.75 million shares. Proceeds will primarily fund the acquisition of Caliber Home Loans and related expenses. If the acquisition doesn’t proceed, funds will be utilized for general corporate purposes. Citigroup Global Markets Inc. is managing the offering, expected to be conducted under an effective shelf registration with the SEC.
New Residential Investment Corp. (NYSE: NRZ) has announced a definitive agreement to acquire Caliber Home Loans, Inc. for $1.675 billion. This acquisition aims to merge Caliber's and NewRez's platforms, enhancing their mortgage service capabilities. The deal, unanimously approved by New Residential's board, is expected to close in Q3 2021, pending regulatory approvals. The merger is anticipated to improve earnings and customer retention while adding to New Residential's asset base and technology capabilities. The integration is projected to be accretive within the first full calendar year post-closing.
New Residential Investment Corp. (NYSE: NRZ) has declared dividends for the first quarter of 2021. A common stock dividend of $0.20 per share is payable on April 30, 2021, to shareholders of record as of April 5, 2021. Preferred stock dividends include $0.46875 for Series A, $0.4453125 for Series B, and $0.3984375 for Series C, all payable on May 17, 2021, to shareholders of record as of April 15, 2021.
Since its inception in 2013, the company has returned over $3.5 billion in dividends to investors.
New Residential (NYSE: NRZ) has authorized a $200 million share repurchase program effective through December 31, 2021, replacing the previous program that expired at the end of 2020. The company plans to buy back shares in the open market or via private transactions, influenced by factors like share price, trading volume, and overall company performance. This initiative underscores New Residential's strategy to enhance shareholder value while continuing to generate attractive risk-adjusted returns across varied interest rate environments.
New Residential Investment Corp. (NYSE:NRZ) reported Q4 2020 GAAP net income of $68.6 million ($0.16/share) and core earnings of $137.0 million ($0.32/share). Despite a full-year GAAP net loss of $(1,464.7) million, the company showed resilience with $295.7 million in pre-tax income from origination and servicing in Q4. The common dividend for Q4 was $82.9 million ($0.20/share). As of December 31, 2020, cash reserves stood at $944.9 million. The outlook remains positive, projecting increased earnings from rising interest rates and improved servicing portfolio performance.
New Residential Investment Corp. (NYSE:NRZ) will release its fourth quarter and full year 2020 financial results on February 9, 2021, before NYSE opening. A conference call will also be held that day at 8:00 A.M. ET, accessible via dial-in or webcast. New Residential, a leader in capital and services within the mortgage sector, boasts a robust portfolio generating attractive risk-adjusted returns across various interest rate conditions. Since its inception in 2013, the company has delivered over $3.5 billion in dividends to shareholders, affirming its commitment to strong financial performance.
FAQ
What is the market cap of nrz (nrz)?
