New Residential Investment (NRZ) – Analysts’ Recent Ratings Updates

A number of research firms have changed their ratings and price targets for New Residential Investment (NYSE: NRZ):

  • 2/13/2018 – New Residential Investment was given a new $19.00 price target on by analysts at B. Riley. They now have a “buy” rating on the stock.
  • 2/13/2018 – New Residential Investment was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $18.60 price target on the stock.
  • 2/5/2018 – New Residential Investment was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $18.76 price target on the stock.
  • 2/2/2018 – New Residential Investment was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating.
  • 1/18/2018 – New Residential Investment was upgraded by analysts at Wedbush from a “neutral” rating to an “outperform” rating. They now have a $20.00 price target on the stock.
  • 1/3/2018 – New Residential Investment was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “New Residential Investment Corp. is a real estate investment trust. It focuses on investing in, and actively managing, investments related to residential real estate. The Company primarily target investments in excess mortgage servicing rights, residential mortgage backed securities, residential mortgage loans and other related investments. New Residential Investment Corp. is based in New York. “

New Residential Investment Corp (NYSE NRZ) traded down $0.06 on Wednesday, hitting $16.85. 581,910 shares of the stock traded hands, compared to its average volume of 4,632,160. New Residential Investment Corp has a twelve month low of $15.04 and a twelve month high of $18.43. The company has a market capitalization of $5,600.00, a PE ratio of 5.40 and a beta of 0.92.

New Residential Investment (NYSE:NRZ) last released its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.07. New Residential Investment had a net margin of 60.06% and a return on equity of 19.38%. During the same quarter in the previous year, the company earned $0.62 EPS. research analysts anticipate that New Residential Investment Corp will post 2.73 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 30th. Stockholders of record on Friday, December 29th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $2.00 annualized dividend and a dividend yield of 11.87%. New Residential Investment’s dividend payout ratio (DPR) is currently 64.10%.

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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