New Residential Investment Corp (NYSE:NRZ) – Analysts at B. Riley dropped their Q2 2018 earnings per share estimates for shares of New Residential Investment in a research note issued to investors on Tuesday. B. Riley analyst J. Levi-Ribner now anticipates that the real estate investment trust will post earnings of $0.51 per share for the quarter, down from their previous estimate of $0.52. B. Riley currently has a “Buy” rating and a $19.00 target price on the stock. B. Riley also issued estimates for New Residential Investment’s Q2 2019 earnings at $0.53 EPS.
New Residential Investment (NYSE:NRZ) last posted its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.07. New Residential Investment had a return on equity of 19.38% and a net margin of 60.06%. During the same quarter in the prior year, the firm posted $0.62 EPS.
New Residential Investment (NRZ) opened at $16.91 on Wednesday. The firm has a market capitalization of $5,593.29, a PE ratio of 5.47 and a beta of 0.92. New Residential Investment has a twelve month low of $15.04 and a twelve month high of $18.43.
The company also recently declared a quarterly dividend, which was paid on Tuesday, January 30th. Investors of record on Friday, December 29th were paid a $0.50 dividend. The ex-dividend date was Thursday, December 28th. This represents a $2.00 annualized dividend and a dividend yield of 11.83%. New Residential Investment’s payout ratio is 64.72%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. TCI Wealth Advisors Inc. boosted its position in New Residential Investment by 203.0% during the third quarter. TCI Wealth Advisors Inc. now owns 6,060 shares of the real estate investment trust’s stock worth $101,000 after purchasing an additional 4,060 shares during the period. American International Group Inc. bought a new stake in New Residential Investment during the fourth quarter worth approximately $115,000. Ffcm LLC boosted its position in New Residential Investment by 673.4% during the third quarter. Ffcm LLC now owns 6,976 shares of the real estate investment trust’s stock worth $120,000 after purchasing an additional 6,074 shares during the period. Janus Henderson Group PLC bought a new stake in New Residential Investment during the second quarter worth approximately $168,000. Finally, Cadence Capital Management LLC bought a new stake in New Residential Investment during the third quarter worth approximately $170,000. 45.28% of the stock is owned by institutional investors and hedge funds.
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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.
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