New Residential Investment (NYSE:NRZ) updated its fourth quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.57-0.65 for the period, compared to the Thomson Reuters consensus estimate of $0.54.

A number of brokerages have issued reports on NRZ. FBR & Co restated a buy rating and set a $19.25 price objective on shares of New Residential Investment in a research report on Monday, October 30th. B. Riley restated a buy rating and set a $19.25 price objective on shares of New Residential Investment in a research report on Wednesday, November 29th. Zacks Investment Research downgraded New Residential Investment from a hold rating to a sell rating in a research report on Wednesday, January 3rd. Barclays upped their price objective on New Residential Investment from $16.00 to $19.00 and gave the company an overweight rating in a research report on Tuesday, October 24th. Finally, Vetr downgraded New Residential Investment from a buy rating to a hold rating and set a $17.72 price objective on the stock. in a research report on Monday, October 9th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $18.09.

New Residential Investment (NYSE:NRZ) opened at $17.19 on Thursday. The company has a market capitalization of $5,280.00, a P/E ratio of 5.56, a PEG ratio of 8.09 and a beta of 1.02. New Residential Investment has a 52 week low of $15.03 and a 52 week high of $18.43.

New Residential Investment (NYSE:NRZ) last released its earnings results on Friday, October 27th. The real estate investment trust reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.08. The firm had revenue of $331.38 million for the quarter, compared to analysts’ expectations of $291.66 million. New Residential Investment had a return on equity of 19.38% and a net margin of 60.06%. The company’s quarterly revenue was up 72.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.51 earnings per share. equities analysts predict that New Residential Investment will post 2.73 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 30th. Stockholders of record on Friday, December 29th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, December 28th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 11.63%. New Residential Investment’s dividend payout ratio is 64.72%.

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About New Residential Investment

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 and Estimates for New Residential Investment (NYSE:NRZ)

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