Equities research analysts expect New Residential Investment Corp. (NYSE:NRZ – Get Rating) to report $0.34 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have made estimates for New Residential Investment’s earnings, with the highest EPS estimate coming in at $0.35 and the lowest estimate coming in at $0.32. New Residential Investment reported earnings per share of $0.31 during the same quarter last year, which would indicate a positive year-over-year growth rate of 9.7%. The firm is scheduled to issue its next earnings report on Monday, January 1st.
According to Zacks, analysts expect that New Residential Investment will report full-year earnings of $1.36 per share for the current fiscal year, with EPS estimates ranging from $1.26 to $1.48. For the next financial year, analysts forecast that the business will report earnings of $1.58 per share, with EPS estimates ranging from $1.46 to $1.75. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for New Residential Investment.
New Residential Investment (NYSE:NRZ – Get Rating) last released its quarterly earnings results on Tuesday, May 3rd. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02. New Residential Investment had a return on equity of 14.19% and a net margin of 28.82%. During the same period in the previous year, the business earned $0.34 earnings per share.
Several institutional investors and hedge funds have recently modified their holdings of NRZ. TCI Wealth Advisors Inc. grew its position in shares of New Residential Investment by 311.1% in the 1st quarter. TCI Wealth Advisors Inc. now owns 2,454 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 1,857 shares during the period. Quent Capital LLC grew its position in shares of New Residential Investment by 468.2% in the 1st quarter. Quent Capital LLC now owns 2,801 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 2,308 shares during the period. Huntington National Bank acquired a new position in shares of New Residential Investment in the 4th quarter valued at approximately $32,000. UMB Bank N A MO acquired a new position in shares of New Residential Investment in the 4th quarter valued at approximately $32,000. Finally, First Horizon Advisors Inc. grew its position in shares of New Residential Investment by 207.1% in the 4th quarter. First Horizon Advisors Inc. now owns 3,329 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 2,245 shares during the period. Institutional investors and hedge funds own 46.48% of the company’s stock.
NRZ stock traded down $0.25 during midday trading on Friday, reaching $10.47. The stock had a trading volume of 591,804 shares, compared to its average volume of 5,709,371. The business has a fifty day simple moving average of $10.62 and a two-hundred day simple moving average of $10.81. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.10. The firm has a market cap of $4.89 billion, a price-to-earnings ratio of 4.63 and a beta of 1.67. New Residential Investment has a twelve month low of $8.98 and a twelve month high of $11.81.
The business also recently announced a quarterly dividend, which was paid on Friday, April 29th. Stockholders of record on Monday, April 4th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, April 1st. This represents a $1.00 annualized dividend and a dividend yield of 9.55%. New Residential Investment’s payout ratio is currently 44.25%.
New Residential Investment Company Profile (Get Rating)
New Residential Investment Corp. operates as a real estate investment trust in the United States. It operates through Origination, Servicing, MSR Related Investments, Residential Securities, Properties and Loans, Consumer Loans, Mortgage Loans, and Corporate segments. The company invests in mortgage servicing rights, mortgage origination and servicing companies, residential mortgage-backed securities, properties and loans, consumer loans, and other opportunistic investments.
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