New Residential Investment Corp (NYSE:NRZ) was the target of unusually large options trading on Thursday. Traders acquired 2,939 put options on the company. This is an increase of 1,230% compared to the average volume of 221 put options.
NRZ stock opened at $17.13 on Friday. The company has a market cap of $6.03 billion, a P/E ratio of 7.39, a price-to-earnings-growth ratio of 7.73 and a beta of 0.92. New Residential Investment has a 1-year low of $15.24 and a 1-year high of $18.75.
New Residential Investment (NYSE:NRZ) last posted its earnings results on Thursday, October 25th. The real estate investment trust reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.09. The business had revenue of $262.72 million for the quarter, compared to analyst estimates of $231.40 million. New Residential Investment had a return on equity of 14.61% and a net margin of 79.22%. Analysts anticipate that New Residential Investment will post 2.32 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 26th. Shareholders of record on Monday, October 1st were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 11.68%. The ex-dividend date of this dividend was Friday, September 28th. New Residential Investment’s dividend payout ratio is 70.67%.
A number of research firms recently weighed in on NRZ. Zacks Investment Research lowered New Residential Investment from a “buy” rating to a “hold” rating in a report on Tuesday. Raymond James began coverage on New Residential Investment in a report on Friday, October 5th. They set an “outperform” rating and a $20.00 target price on the stock. Finally, Barclays boosted their target price on New Residential Investment from $19.00 to $21.00 and gave the stock an “overweight” rating in a report on Wednesday, July 25th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $19.81.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Nisa Investment Advisors LLC grew its holdings in New Residential Investment by 14.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 26,800 shares of the real estate investment trust’s stock valued at $469,000 after buying an additional 3,400 shares in the last quarter. Lido Advisors LLC grew its holdings in New Residential Investment by 31.8% in the 2nd quarter. Lido Advisors LLC now owns 14,270 shares of the real estate investment trust’s stock valued at $249,000 after buying an additional 3,441 shares in the last quarter. Victory Capital Management Inc. grew its holdings in New Residential Investment by 50.1% in the 3rd quarter. Victory Capital Management Inc. now owns 10,947 shares of the real estate investment trust’s stock valued at $195,000 after buying an additional 3,655 shares in the last quarter. American Century Companies Inc. grew its holdings in New Residential Investment by 16.5% in the 2nd quarter. American Century Companies Inc. now owns 28,914 shares of the real estate investment trust’s stock valued at $506,000 after buying an additional 4,103 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in New Residential Investment by 109.8% in the 2nd quarter. Signaturefd LLC now owns 8,088 shares of the real estate investment trust’s stock valued at $141,000 after buying an additional 4,233 shares in the last quarter. 52.68% of the stock is currently owned by hedge funds and other institutional investors.
New Residential Investment 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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