New Residential Investment (NYSE:NRZ) updated its fourth quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.57-0.65 for the period, compared to the Thomson Reuters consensus estimate of $0.54.

Several brokerages recently weighed in on NRZ. Zacks Investment Research lowered shares of New Residential Investment from a hold rating to a sell rating in a report on Wednesday, January 3rd. B. Riley restated a buy rating and issued a $19.25 price objective on shares of New Residential Investment in a report on Wednesday, November 29th. FBR & Co restated a buy rating and issued a $19.25 price objective on shares of New Residential Investment in a report on Monday, October 30th. Vetr upgraded shares of New Residential Investment from a hold rating to a buy rating and set a $17.75 price objective on the stock in a report on Thursday, October 26th. Finally, Barclays increased their price objective on shares of New Residential Investment from $16.00 to $19.00 and gave the company an overweight rating in a report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. New Residential Investment has an average rating of Buy and an average target price of $18.09.

Shares of New Residential Investment (NRZ) traded down $0.11 during trading hours on Tuesday, reaching $17.63. 2,598,500 shares of the company’s stock traded hands, compared to its average volume of 2,220,000. New Residential Investment has a 1 year low of $15.03 and a 1 year high of $18.43. The company has a market capitalization of $5,420.00, a P/E ratio of 5.71, a PEG ratio of 8.14 and a beta of 1.02.

New Residential Investment (NYSE:NRZ) last issued its earnings results on Friday, October 27th. The real estate investment trust reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.08. New Residential Investment had a net margin of 60.06% and a return on equity of 19.38%. The firm had revenue of $331.38 million during the quarter, compared to the consensus estimate of $291.66 million. During the same quarter in the prior year, the firm earned $0.51 earnings per share. The business’s quarterly revenue was up 72.1% on a year-over-year basis. equities research analysts predict that New Residential Investment will post 2.73 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 30th. Shareholders of record on Friday, December 29th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 11.34%. The ex-dividend date is Thursday, December 28th. New Residential Investment’s payout ratio is presently 64.72%.

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About New Residential Investment

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 (NYSE:NRZ)

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