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New Residential Investment (NRZ) to Release Quarterly Earnings on Tuesday

New Residential Investment (NYSE:NRZ) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, February 8th. Analysts expect the company to announce earnings of $0.38 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

New Residential Investment (NYSE:NRZ) last announced its earnings results on Monday, November 1st. The real estate investment trust reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.09. New Residential Investment had a return on equity of 13.53% and a net margin of 39.50%. During the same quarter in the prior year, the firm earned $0.31 earnings per share. On average, analysts expect New Residential Investment to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of NRZ stock opened at $10.65 on Tuesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.54 and a current ratio of 0.54. New Residential Investment has a one year low of $8.98 and a one year high of $11.81. The company’s 50-day simple moving average is $10.90 and its 200-day simple moving average is $10.77. The stock has a market capitalization of $4.97 billion, a price-to-earnings ratio of 7.77 and a beta of 1.85.

The business also recently declared a quarterly dividend, which was paid on Friday, January 28th. Stockholders of record on Friday, December 31st were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, December 30th. This represents a $1.00 annualized dividend and a dividend yield of 9.39%. New Residential Investment’s payout ratio is 72.99%.


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In other news, Director Robert Mcginnis purchased 4,000 shares of the company’s stock in a transaction on Tuesday, November 23rd. The shares were bought at an average price of $25.18 per share, for a total transaction of $100,720.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.57% of the stock is currently owned by company insiders.

An institutional investor recently raised its position in New Residential Investment stock. Morgan Stanley lifted its stake in shares of New Residential Investment Corp. (NYSE:NRZ) by 40.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,770,097 shares of the real estate investment trust’s stock after acquiring an additional 800,566 shares during the quarter. Morgan Stanley owned about 0.59% of New Residential Investment worth $29,335,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 46.11% of the company’s stock.

Several equities analysts have recently commented on the stock. JMP Securities increased their price target on shares of New Residential Investment from $11.00 to $11.50 and gave the stock a “market outperform” rating in a research report on Monday, October 18th. Royal Bank of Canada increased their price target on shares of New Residential Investment from $12.00 to $13.00 and gave the stock an “outperform” rating in a research report on Friday, November 19th. Piper Sandler cut their target price on shares of New Residential Investment from $12.50 to $12.00 and set an “overweight” rating on the stock in a report on Wednesday, January 5th. They noted that the move was a valuation call. Zacks Investment Research cut shares of New Residential Investment from a “hold” rating to a “sell” rating in a report on Wednesday, January 5th. Finally, Wedbush reissued an “outperform” rating on shares of New Residential Investment in a report on Friday, October 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $12.50.

New Residential Investment Company Profile

New Residential Investment Corp. is a real estate investment trust, which focuses on investing and actively managing, investments related to residential real estate. It operates through the following segments: Origination, Servicing, MSR Related Investments, Residential Securities and Loans, Consumer Loans and Corporate.

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Earnings History for New Residential Investment (NYSE:NRZ)

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