New Residential Investment (NRZ) Issues Quarterly Earnings Results

New Residential Investment (NYSE:NRZ) posted its earnings results on Tuesday. The real estate investment trust reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.07, Bloomberg Earnings reports. The firm had revenue of $235.27 million for the quarter, compared to analyst estimates of $178.15 million. New Residential Investment had a return on equity of 19.00% and a net margin of 63.01%. During the same period in the previous year, the company posted $0.62 earnings per share.

Shares of New Residential Investment (NYSE NRZ) opened at $16.83 on Thursday. The company has a market capitalization of $5,684.05, a PE ratio of 5.39 and a beta of 0.93. New Residential Investment has a twelve month low of $15.04 and a twelve month high of $18.43.

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 30th. Stockholders of record on Friday, December 29th were issued a $0.50 dividend. The ex-dividend date was Thursday, December 28th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 11.88%. New Residential Investment’s dividend payout ratio (DPR) is 64.10%.

Several research analysts have weighed in on NRZ shares. Barclays lifted their target price on New Residential Investment from $16.00 to $19.00 and gave the stock an “overweight” rating in a report on Tuesday, October 24th. Vetr upgraded New Residential Investment from a “hold” rating to a “buy” rating and set a $17.75 price target on the stock in a report on Thursday, October 26th. FBR & Co restated a “buy” rating and issued a $19.25 price target on shares of New Residential Investment in a report on Monday, October 30th. B. Riley restated a “buy” rating on shares of New Residential Investment in a report on Wednesday, November 1st. Finally, Zacks Investment Research lowered New Residential Investment from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $18.61.

Several institutional investors have recently modified their holdings of the company. Vident Investment Advisory LLC lifted its holdings in shares of New Residential Investment by 78.7% in the fourth quarter. Vident Investment Advisory LLC now owns 21,869 shares of the real estate investment trust’s stock valued at $391,000 after purchasing an additional 9,630 shares in the last quarter. Lido Advisors LLC bought a new stake in New Residential Investment during the fourth quarter worth about $198,000. Bramshill Investments LLC bought a new stake in New Residential Investment during the fourth quarter worth about $1,132,000. LPL Financial LLC raised its holdings in New Residential Investment by 9.0% during the fourth quarter. LPL Financial LLC now owns 122,655 shares of the real estate investment trust’s stock worth $2,193,000 after acquiring an additional 10,099 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. raised its holdings in New Residential Investment by 121.8% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 40,306 shares of the real estate investment trust’s stock worth $720,000 after acquiring an additional 22,136 shares in the last quarter. Institutional investors own 45.28% of the company’s stock.

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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.

Earnings History for New Residential Investment (NYSE:NRZ)

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