Several analysts have recently updated their ratings and price targets for New Residential Investment Corp. (NYSE: NRZ):

  • 7/5/2017 – New Residential Investment Corp. was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “sell” rating. According to Zacks, “New Residential Investment Corp. is a real estate investment trust. It focuses on investing in, and actively managing, investments related to residential real estate. The Company primarily target investments in excess mortgage servicing rights, residential mortgage backed securities, residential mortgage loans and other related investments. New Residential Investment Corp. is based in New York. “
  • 7/4/2017 – New Residential Investment Corp. was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $17.00 price target on the stock. According to Zacks, “New Residential Investment Corp. is a real estate investment trust. It focuses on investing in, and actively managing, investments related to residential real estate. The Company primarily target investments in excess mortgage servicing rights, residential mortgage backed securities, residential mortgage loans and other related investments. New Residential Investment Corp. is based in New York. “
  • 6/30/2017 – New Residential Investment Corp. was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating.
  • 6/29/2017 – New Residential Investment Corp. was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/20/2017 – New Residential Investment Corp. was downgraded by analysts at Wedbush from an “outperform” rating to a “neutral” rating. They now have a $16.50 price target on the stock, down previously from $17.00.
  • 6/20/2017 – New Residential Investment Corp. was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.
  • 6/16/2017 – New Residential Investment Corp. was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/6/2017 – New Residential Investment Corp. was given a new $17.00 price target on by analysts at Keefe, Bruyette & Woods. They now have a “buy” rating on the stock.

New Residential Investment Corp. (NYSE NRZ) remained flat at $15.30 during midday trading on Friday. The stock had a trading volume of 3,488,034 shares. New Residential Investment Corp. has a 52 week low of $12.73 and a 52 week high of $17.86. The company has a 50-day moving average of $16.30 and a 200-day moving average of $16.42. The company has a market cap of $4.70 billion, a P/E ratio of 7.50 and a beta of 1.00.

New Residential Investment Corp. (NYSE:NRZ) last announced its earnings results on Monday, May 1st. The real estate investment trust reported $0.54 EPS for the quarter, beating the consensus estimate of $0.53 by $0.01. New Residential Investment Corp. had a return on equity of 15.48% and a net margin of 43.60%. The company had revenue of $170.60 million for the quarter, compared to analyst estimates of $239.83 million. During the same quarter in the prior year, the company earned $0.49 EPS. The firm’s revenue for the quarter was down 21.4% compared to the same quarter last year. Equities research analysts anticipate that New Residential Investment Corp. will post $2.12 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 28th. Investors of record on Monday, July 3rd will be given a dividend of $0.50 per share. This is a positive change from New Residential Investment Corp.’s previous quarterly dividend of $0.48. The ex-dividend date is Thursday, June 29th. This represents a $2.00 annualized dividend and a dividend yield of 13.07%. New Residential Investment Corp.’s dividend payout ratio is presently 98.52%.

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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