New Residential Investment Corp (NRZ) Announces Quarterly Earnings Results
New Residential Investment Corp (NYSE:NRZ) issued its quarterly earnings data on Wednesday. The company reported $0.16 earnings per share (EPS) for the quarter, AmericanBankingNews.com reports.
In other New Residential Investment Corp news, CEO Michael Nierenberg bought 1,000,000 shares of the company’s stock on the open market in a transaction dated Wednesday, April 30th. The shares were purchased at an average price of $6.10 per share, with a total value of $6,100,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of New Residential Investment Corp (NYSE:NRZ) opened at 6.33 on Wednesday. New Residential Investment Corp has a 1-year low of $5.79 and a 1-year high of $7.14. The stock’s 50-day moving average is $6.33 and its 200-day moving average is $6.38. The company has a market cap of $1.761 billion and a price-to-earnings ratio of 6.21.
A number of research firms have recently commented on NRZ. Analysts at Credit Suisse initiated coverage on shares of New Residential Investment Corp in a research note on Friday, May 2nd. They set an “outperform” rating and a $7.00 price target on the stock. Analysts at Citigroup Inc. initiated coverage on shares of New Residential Investment Corp in a research note on Tuesday, February 25th. They set a “buy” rating on the stock.
New Residential Investment Corp., incorporated on September 26, 2013, is a real estate investment trust.
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