New Residential Investment Corp. (NYSE:NRZ) is scheduled to release its earnings data before the market opens on Monday, July 31st. Analysts expect New Residential Investment Corp. to post earnings of $0.55 per share for the quarter.
New Residential Investment Corp. (NYSE:NRZ) last issued its quarterly earnings results on Monday, May 1st. The real estate investment trust reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.01. The business had revenue of $170.60 million for the quarter, compared to analysts’ expectations of $239.83 million. New Residential Investment Corp. had a net margin of 43.60% and a return on equity of 15.48%. The business’s quarterly revenue was down 21.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.49 earnings per share. On average, analysts expect New Residential Investment Corp. to post $2.12 EPS for the current fiscal year and $2.11 EPS for the next fiscal year.
Shares of New Residential Investment Corp. (NYSE NRZ) opened at 16.04 on Friday. The company has a market cap of $4.93 billion, a PE ratio of 7.87 and a beta of 1.00. The firm’s 50-day moving average is $16.02 and its 200-day moving average is $16.37. New Residential Investment Corp. has a 12 month low of $13.30 and a 12 month high of $17.86.
The company also recently announced a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Monday, July 3rd were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 12.47%. The ex-dividend date of this dividend was Thursday, June 29th. This is an increase from New Residential Investment Corp.’s previous quarterly dividend of $0.48. New Residential Investment Corp.’s dividend payout ratio is currently 98.52%.
Several research firms have recently weighed in on NRZ. Vetr cut shares of New Residential Investment Corp. from a “buy” rating to a “hold” rating and set a $17.92 price objective for the company. in a report on Tuesday, April 11th. Zacks Investment Research raised shares of New Residential Investment Corp. from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Wednesday, April 5th. FBR & Co reissued an “outperform” rating and set a $17.50 price objective on shares of New Residential Investment Corp. in a report on Tuesday, May 2nd. ValuEngine raised shares of New Residential Investment Corp. from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 20th. Finally, Wedbush cut shares of New Residential Investment Corp. from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $17.00 to $16.50 in a report on Tuesday, June 20th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $16.51.
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New Residential Investment Corp. Company Profile
New Residential Investment Corp. is a real estate investment trust (REIT). The Company focuses on investing in, and managing, investments related to residential real estate. The Company’s segments include investments in excess mortgage servicing rights (Excess MSRs); investments in mortgage servicing rights (MSRs); investments in servicer advances; investments in real estate securities; investments in residential mortgage loans; investments in consumer loans, and corporate.
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