New Residential Inv (NYSE:NRZ) will be issuing its quarterly earnings data before the market opens on Friday, April 27th. Analysts expect the company to announce earnings of $0.55 per share for the quarter.
New Residential Inv (NYSE:NRZ) last issued its quarterly earnings results 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. New Residential Inv had a net margin of 63.01% and a return on equity of 18.73%. The company had revenue of $235.27 million during the quarter, compared to analysts’ expectations of $178.15 million. During the same quarter in the previous year, the company earned $0.62 EPS. On average, analysts expect New Residential Inv to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of NYSE:NRZ traded up $0.01 during trading on Friday, hitting $16.53. 127,783 shares of the company’s stock were exchanged, compared to its average volume of 3,325,863. New Residential Inv has a 1-year low of $15.04 and a 1-year high of $18.43. The stock has a market cap of $5,552.96, a price-to-earnings ratio of 5.84 and a beta of 0.91.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Monday, April 2nd will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 12.10%. The ex-dividend date is Thursday, March 29th. New Residential Inv’s dividend payout ratio is 70.67%.
NRZ has been the subject of several analyst reports. Zacks Investment Research cut shares of New Residential Inv from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. Vetr upgraded shares of New Residential Inv from a “buy” rating to a “strong-buy” rating and set a $18.86 price target for the company in a research report on Friday, March 23rd. Wedbush upgraded shares of New Residential Inv from a “neutral” rating to an “outperform” rating and set a $20.00 price target for the company in a research report on Thursday, January 18th. B. Riley set a $19.00 price target on shares of New Residential Inv and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Finally, ValuEngine cut shares of New Residential Inv from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $18.64.
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New Residential Inv Company Profile
New Residential Investment Corp., a real estate investment trust, focuses on investing in and managing residential mortgage related assets in the United States. It operates through Servicing Related Assets, Residential Securities and Loans, and Other Investments segments. The company invests in excess mortgage servicing rights (MSRs) on residential mortgage loans; and in servicer advances, including the basic fee component of the related MSRs.
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