New Residential Investment is a holding company. Through its subsidiaries, Co. is an investment manager with a vertically integrated mortgage platform. Co.'s portfolio is comprised of mortgage servicing rights (MSRs), a mortgage origination and servicing company, related ancillary mortgage services businesses, residential mortgage-backed securities and loans, consumer loans, and other investments. Co. is externally managed and advised by an affiliate of Fortress Investment Group LLC. Co. conducts its business in five segments: Origination, Servicing, MSR Related Investments, Residential Loans and Consumer Loans. We show 29 historical shares outstanding datapoints in our NRZ shares outstanding history coverage, used to compute NRZ market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing NRZ market cap history over the course of time is important for investors
interested in comparing NRZ's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of NRZ versus a peer is one thing; comparing
NRZ market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like NRZ can fluctuate over the course of history.
With this page we aim to empower investors researching NRZ by allowing them to research the NRZ market cap history. |
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Video: The Importance of Market Cap
