New Residential Investment Corp. (NYSE:NRZ) – Stock analysts at Wedbush issued their Q3 2016 earnings per share (EPS) estimates for New Residential Investment Corp. in a research note issued on Wednesday. Wedbush analyst J. Weaver anticipates that the firm will post earnings per share of $0.48 for the quarter. Wedbush currently has a “Outperform” rating and a $17.00 price target on the stock. Wedbush also issued estimates for New Residential Investment Corp.’s Q4 2016 earnings at $0.50 EPS, FY2016 earnings at $1.99 EPS, Q1 2017 earnings at $0.51 EPS, Q2 2017 earnings at $0.51 EPS, Q3 2017 earnings at $0.51 EPS, Q4 2017 earnings at $0.50 EPS, FY2017 earnings at $2.02 EPS and FY2018 earnings at $1.97 EPS.

Several other brokerages also recently weighed in on NRZ. Barclays PLC boosted their target price on New Residential Investment Corp. from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 10th. Piper Jaffray Cos. restated an “overweight” rating and set a $16.00 target price on shares of New Residential Investment Corp. in a research note on Friday, September 9th. Zacks Investment Research upgraded New Residential Investment Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, August 11th. Credit Suisse Group AG set a $17.00 price target on New Residential Investment Corp. and gave the company a “buy” rating in a research note on Monday, August 8th. Finally, Vetr upgraded New Residential Investment Corp. from a “buy” rating to a “strong-buy” rating and set a $15.40 price target on the stock in a research note on Monday, June 13th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $15.54.

Earnings History and Estimates for New Residential Investment Corp. (NYSE:NRZ)

New Residential Investment Corp. (NYSE:NRZ) opened at 13.65 on Monday. The stock has a 50 day moving average price of $14.17 and a 200 day moving average price of $13.31. The company has a market cap of $3.15 billion, a P/E ratio of 9.33 and a beta of 0.94. New Residential Investment Corp. has a 1-year low of $9.07 and a 1-year high of $14.89.

New Residential Investment Corp. (NYSE:NRZ) last posted its quarterly earnings data on Tuesday, August 2nd. The real estate investment trust reported $0.52 EPS for the quarter, topping the consensus estimate of $0.50 by $0.02. New Residential Investment Corp. had a return on equity of 15.25% and a net margin of 38.31%. The firm had revenue of $137.43 million for the quarter, compared to the consensus estimate of $161 million. During the same quarter last year, the company earned $0.45 earnings per share. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 28th. Stockholders of record on Monday, October 3rd will be paid a $0.46 dividend. The ex-dividend date is Thursday, September 29th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 13.48%. New Residential Investment Corp.’s payout ratio is 125.17%.

Several hedge funds have recently modified their holdings of NRZ. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of New Residential Investment Corp. by 0.6% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 75,072 shares of the real estate investment trust’s stock worth $873,000 after buying an additional 475 shares during the last quarter. State Street Corp boosted its position in New Residential Investment Corp. by 1.3% in the first quarter. State Street Corp now owns 4,615,848 shares of the real estate investment trust’s stock worth $53,686,000 after buying an additional 58,600 shares during the last quarter. ING Groep NV boosted its position in New Residential Investment Corp. by 15.7% in the first quarter. ING Groep NV now owns 4,050,000 shares of the real estate investment trust’s stock worth $47,102,000 after buying an additional 550,000 shares during the last quarter. BlackRock Inc. boosted its position in New Residential Investment Corp. by 61.1% in the first quarter. BlackRock Inc. now owns 21,927 shares of the real estate investment trust’s stock worth $255,000 after buying an additional 8,315 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in New Residential Investment Corp. by 105.5% in the first quarter. Goldman Sachs Group Inc. now owns 2,152,711 shares of the real estate investment trust’s stock worth $25,036,000 after buying an additional 1,105,284 shares during the last quarter. Hedge funds and other institutional investors own 53.36% of the company’s stock.

New Residential Investment Corp. Company Profile

New Residential Investment Corp. is a real estate investment trust (REIT). The Company is focused on investing in, and managing, investments related to residential real estate. The Company conducts its business through the segments, which include investments in excess mortgage servicing rights (MSRs), investments in servicer advances, investments in real estate securities, investments in real estate loans, investments in consumer loans and corporate.

5 Day Chart for NYSE:NRZ

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