New Residential Investment (NYSE:NRZ) will post its quarterly earnings results before the market opens on Friday, October 25th. Analysts expect New Residential Investment to post earnings of $0.52 per share for the quarter.
New Residential Investment (NYSE:NRZ) last announced its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). New Residential Investment had a return on equity of 13.22% and a net margin of 17.24%. The company had revenue of $188.04 million during the quarter, compared to analyst estimates of $240.28 million. During the same period in the prior year, the firm earned $0.58 EPS. On average, analysts expect New Residential Investment to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
NYSE NRZ opened at $15.49 on Friday. New Residential Investment has a twelve month low of $13.63 and a twelve month high of $18.05. The stock has a market capitalization of $6.44 billion, a PE ratio of 6.51 and a beta of 1.10. The stock has a 50-day simple moving average of $14.97 and a 200 day simple moving average of $15.58.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 3rd will be given a dividend of $0.50 per share. The ex-dividend date is Wednesday, October 2nd. This represents a $2.00 annualized dividend and a dividend yield of 12.91%. New Residential Investment’s dividend payout ratio is presently 84.03%.
NRZ has been the subject of several research analyst reports. Wedbush reissued an “outperform” rating on shares of New Residential Investment in a research report on Monday, August 19th. B. Riley set a $19.00 price objective on New Residential Investment and gave the stock a “buy” rating in a research report on Thursday, August 29th. Zacks Investment Research cut New Residential Investment from a “hold” rating to a “sell” rating in a research report on Tuesday. BTIG Research initiated coverage on New Residential Investment in a research report on Friday, September 6th. They set a “buy” rating and a $18.00 price objective for the company. Finally, Piper Jaffray Companies cut their price objective on New Residential Investment from $18.00 to $16.00 and set an “overweight” rating for the company in a research report on Friday, October 4th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $18.08.
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 and Originations, Residential Securities and Loans, and Consumer Loans 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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