New Residential Investment Corp (NYSE:NRZ) – Research analysts at B. Riley boosted their Q1 2018 earnings estimates for New Residential Investment in a note issued to investors on Tuesday. B. Riley analyst J. Levi-Ribner now forecasts that the real estate investment trust will post earnings of $0.53 per share for the quarter, up from their prior estimate of $0.51. B. Riley has a “Buy” rating and a $19.00 price objective on the stock.
New Residential Investment (NYSE:NRZ) last posted its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.61 EPS for the quarter, topping the consensus estimate of $0.54 by $0.07. The company had revenue of $235.27 million during the quarter, compared to analyst estimates of $178.15 million. New Residential Investment had a net margin of 63.01% and a return on equity of 19.00%. During the same period in the previous year, the firm earned $0.62 earnings per share.
New Residential Investment (NRZ) opened at $16.83 on Thursday. The company has a market cap of $5,684.05, a price-to-earnings ratio of 5.39 and a beta of 0.93. New Residential Investment has a one year low of $15.04 and a one year high of $18.43.
The business also recently announced 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. This represents a $2.00 dividend on an annualized basis and a dividend yield of 11.88%. The ex-dividend date of this dividend was Thursday, December 28th. New Residential Investment’s dividend payout ratio is currently 64.10%.
Several institutional investors and hedge funds have recently modified their holdings of NRZ. TCI Wealth Advisors Inc. boosted its stake in shares of 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 valued at $101,000 after purchasing an additional 4,060 shares during the period. American International Group Inc. purchased a new stake in shares of New Residential Investment during the fourth quarter valued at $115,000. Ffcm LLC boosted its stake in shares of 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 valued at $120,000 after purchasing an additional 6,074 shares during the period. Janus Henderson Group PLC purchased a new stake in shares of New Residential Investment during the second quarter valued at $168,000. Finally, Cadence Capital Management LLC purchased a new stake in shares of New Residential Investment during the third quarter valued at $170,000. 45.28% of the stock is owned by hedge funds and other institutional investors.
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New Residential Investment Company Profile
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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