New Residential Investment Corp. (NRZ) Scheduled to Post Quarterly Earnings on Tuesday
New Residential Investment Corp. (NYSE:NRZ) is scheduled to announce its earnings results before the market opens on Tuesday, October 31st. Analysts expect the company to announce earnings of $0.53 per share for the quarter.
New Residential Investment Corp. (NYSE:NRZ) last released its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $1.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 period in the previous year, the company posted $0.52 earnings per share. On average, analysts expect New Residential Investment Corp. to post $2.63 EPS for the current fiscal year and $2.2 EPS for the next fiscal year.
Shares of New Residential Investment Corp. (NYSE NRZ) opened at 17.40 on Tuesday. The company’s 50 day moving average price is $16.91 and its 200 day moving average price is $16.53. New Residential Investment Corp. has a 52-week low of $13.63 and a 52-week high of $17.86. The company has a market capitalization of $5.35 billion, a price-to-earnings ratio of 6.18 and a beta of 1.03.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Monday, October 2nd will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, September 29th. This represents a $2.00 annualized dividend and a yield of 11.49%. New Residential Investment Corp.’s payout ratio is currently 72.20%.
NRZ has been the topic of several research reports. Piper Jaffray Companies restated a “buy” rating and set a $18.00 price objective on shares of New Residential Investment Corp. in a report on Sunday, August 27th. Zacks Investment Research cut New Residential Investment Corp. from a “buy” rating to a “sell” rating in a research report on Wednesday, July 5th. FBR & Co reaffirmed a “buy” rating and set a $17.50 target price on shares of New Residential Investment Corp. in a research report on Monday, October 9th. Vetr cut New Residential Investment Corp. from a “buy” rating to a “hold” rating and set a $16.55 target price on the stock. in a research report on Thursday, July 20th. Finally, BidaskClub cut New Residential Investment Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, June 29th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $17.34.
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.
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