New Residential Investment Corp. (NYSE:NRZ) – Research analysts at FBR & Co issued their Q1 2018 EPS estimates for New Residential Investment Corp. in a research report issued on Monday. FBR & Co analyst J. Levi-Ribner expects that the real estate investment trust will earn $0.52 per share for the quarter. FBR & Co has a “Buy” rating and a $17.50 price objective on the stock. FBR & Co also issued estimates for New Residential Investment Corp.’s Q2 2018 earnings at $0.52 EPS, Q3 2018 earnings at $0.52 EPS and Q4 2018 earnings at $0.53 EPS.

Several other equities analysts have also recently weighed in on NRZ. ValuEngine upgraded shares of New Residential Investment Corp. from a “buy” rating to a “strong-buy” rating in a research report on Monday, October 2nd. Vetr upgraded shares of New Residential Investment Corp. from a “hold” rating to a “buy” rating and set a $17.72 price target on the stock in a report on Monday, October 2nd. BidaskClub upgraded shares of New Residential Investment Corp. from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Keefe, Bruyette & Woods restated a “buy” rating and set a $18.00 price target on shares of New Residential Investment Corp. in a report on Thursday, August 3rd. Finally, Zacks Investment Research upgraded shares of New Residential Investment Corp. from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. New Residential Investment Corp. presently has a consensus rating of “Buy” and a consensus price target of $16.97.

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Shares of New Residential Investment Corp. (NYSE:NRZ) traded down 0.18% on Wednesday, hitting $17.11. The company’s stock had a trading volume of 130,299 shares. The company has a market cap of $5.26 billion, a price-to-earnings ratio of 6.07 and a beta of 1.03. The stock’s 50 day moving average is $16.73 and its 200-day moving average is $16.51. New Residential Investment Corp. has a 52 week low of $13.62 and a 52 week high of $17.86.

New Residential Investment Corp. (NYSE:NRZ) last issued its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.48. New Residential Investment Corp. had a return on equity of 19.02% and a net margin of 55.85%. The company had revenue of $356.80 million for the quarter, compared to analyst estimates of $202.40 million. During the same quarter in the prior year, the company posted $0.52 EPS.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Monday, October 2nd will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 11.67%. The ex-dividend date of this dividend is Friday, September 29th. New Residential Investment Corp.’s payout ratio is presently 72.20%.

A number of institutional investors have recently added to or reduced their stakes in the business. Navellier & Associates Inc lifted its position in New Residential Investment Corp. by 2.8% during the 2nd quarter. Navellier & Associates Inc now owns 44,910 shares of the real estate investment trust’s stock worth $699,000 after acquiring an additional 1,220 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in New Residential Investment Corp. by 1,152.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 149,734 shares of the real estate investment trust’s stock worth $2,330,000 after acquiring an additional 137,783 shares during the last quarter. Americafirst Capital Management LLC acquired a new position in New Residential Investment Corp. during the 2nd quarter worth $268,000. Arrowstreet Capital Limited Partnership acquired a new position in New Residential Investment Corp. during the 2nd quarter worth $1,968,000. Finally, Caxton Associates LP lifted its position in New Residential Investment Corp. by 13.7% during the 2nd quarter. Caxton Associates LP now owns 36,100 shares of the real estate investment trust’s stock worth $562,000 after acquiring an additional 4,356 shares during the last quarter. 48.12% of the stock is owned by hedge funds and other institutional investors.

About New Residential Investment Corp.

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.

Earnings History and Estimates for New Residential Investment Corp. (NYSE:NRZ)

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