New Residential Investment Corp. (NYSE:NRZ) – Analysts at FBR & Co boosted their FY2017 EPS estimates for shares of New Residential Investment Corp. in a research note issued on Monday. FBR & Co analyst J. Levi-Ribner now expects that the real estate investment trust will post earnings per share of $2.74 for the year, up from their previous estimate of $2.61. FBR & Co has a “Buy” rating and a $19.25 price objective on the stock.

New Residential Investment Corp. (NYSE:NRZ) last announced its quarterly earnings data on Friday, October 27th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.08. New Residential Investment Corp. had a return on equity of 20.02% and a net margin of 60.06%. The business had revenue of $331.38 million for the quarter, compared to analysts’ expectations of $291.66 million. During the same period in the previous year, the business posted $0.51 EPS. The firm’s quarterly revenue was up 72.1% compared to the same quarter last year.

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Several other research analysts have also recently issued reports on the company. Piper Jaffray Companies reissued a “buy” rating and issued a $18.00 target price on shares of New Residential Investment Corp. in a research 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. 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. ValuEngine cut New Residential Investment Corp. from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 15th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $18.00 target price on shares of New Residential Investment Corp. in a research report on Thursday, September 14th. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $17.56.

Shares of New Residential Investment Corp. (NYSE:NRZ) opened at 17.44 on Tuesday. New Residential Investment Corp. has a 52 week low of $13.63 and a 52 week high of $17.91. The company has a 50-day moving average price of $17.04 and a 200-day moving average price of $16.54. The company has a market capitalization of $5.36 billion, a PE ratio of 6.19 and a beta of 1.03.

Several hedge funds have recently bought and sold shares of the company. IFP Advisors Inc lifted its position in shares of New Residential Investment Corp. by 46.3% during the 3rd quarter. IFP Advisors Inc now owns 10,525 shares of the real estate investment trust’s stock valued at $176,000 after buying an additional 3,331 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in shares of New Residential Investment Corp. by 327.6% during the 3rd quarter. Canada Pension Plan Investment Board now owns 470,800 shares of the real estate investment trust’s stock valued at $7,876,000 after buying an additional 360,700 shares in the last quarter. American Assets Capital Advisers lifted its position in shares of New Residential Investment Corp. by 18.4% during the 3rd quarter. American Assets Capital Advisers now owns 1,091,270 shares of the real estate investment trust’s stock valued at $18,257,000 after buying an additional 169,551 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of New Residential Investment Corp. by 11.1% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 56,826 shares of the real estate investment trust’s stock valued at $951,000 after buying an additional 5,664 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its position in shares of New Residential Investment Corp. by 4.5% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 280,500 shares of the real estate investment trust’s stock valued at $4,693,000 after buying an additional 12,000 shares in the last quarter. 48.10% of the stock is currently owned by hedge funds and other institutional investors.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Monday, October 2nd were given a dividend of $0.50 per share. The ex-dividend date was Friday, September 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 11.47%. New Residential Investment Corp.’s payout ratio is currently 64.72%.

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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