The Oceania Times

Top Menu

  • About us
  • Contact Us
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions

Main Menu

  • Australian Economy
  • Brokers
  • Commodities
  • Currencies
  • Financial Market
  • Gold and Precious Metals
  • Investment
  • Stock Shares
  • About us
  • Contact Us
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions

logo

The Oceania Times

  • Australian Economy
  • Brokers
  • Commodities
  • Currencies
  • Financial Market
  • Gold and Precious Metals
  • Investment
  • Stock Shares
  • CX Institutional Purchases Pentair plc (NYSE:PNR) Shares

  • Adani Enterprises FPO today: Adani Enterprises FPO: Analysts, brokers cite growth potential, some flag valuation

  • Green power is in • The Register

  • U.S. securities regulator probes investment advisers over crypto custody -sources

  • Raymond James Financial Services Advisors Inc. disposes of 1,602 SAP SE shares (NYSE:SAP)

Investment
Home›Investment›New Residential Investment Corp. (NYSE:NRZ) Expected to Post Quarterly Sales of $252.30 Million

New Residential Investment Corp. (NYSE:NRZ) Expected to Post Quarterly Sales of $252.30 Million

By Megan
May 30, 2022
47
0
Share:

New Residential Investment logoBrokerages expect that New Residential Investment Corp. (NYSE:NRZ – Get Rating) will report sales of $252.30 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for New Residential Investment’s earnings, with the lowest sales estimate coming in at $243.00 million and the highest estimate coming in at $261.60 million. New Residential Investment reported sales of $147.14 million during the same quarter last year, which indicates a positive year-over-year growth rate of 71.5%. The company is expected to report its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that New Residential Investment will report full-year sales of $1.05 billion for the current fiscal year, with estimates ranging from $1.01 billion to $1.09 billion. For the next year, analysts anticipate that the company will post sales of $1.24 billion, with estimates ranging from $1.22 billion to $1.26 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover New Residential Investment.

New Residential Investment (NYSE:NRZ – Get Rating) last issued its earnings results on Tuesday, May 3rd. The real estate investment trust reported $0.37 EPS for the quarter, beating the consensus estimate of $0.35 by $0.02. New Residential Investment had a net margin of 28.82% and a return on equity of 13.84%. During the same period in the prior year, the firm posted $0.34 EPS.

A number of research analysts recently issued reports on NRZ shares. Zacks Investment Research cut New Residential Investment from a “hold” rating to a “sell” rating in a report on Thursday, February 17th. StockNews.com raised New Residential Investment from a “hold” rating to a “buy” rating in a report on Monday, May 9th. Raymond James boosted their price objective on New Residential Investment from $13.00 to $13.50 and gave the stock an “outperform” rating in a report on Tuesday, March 29th. Finally, Piper Sandler cut New Residential Investment from an “overweight” rating to a “neutral” rating and set a $12.00 price target for the company. in a research note on Thursday, May 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $12.50.

Several institutional investors have recently made changes to their positions in NRZ. TCI Wealth Advisors Inc. raised its stake in shares of New Residential Investment by 311.1% during the 1st quarter. TCI Wealth Advisors Inc. now owns 2,454 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 1,857 shares in the last quarter. Quent Capital LLC raised its stake in 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 acquiring an additional 2,308 shares during the period. Huntington National Bank bought a new stake in New Residential Investment in the 4th quarter valued at $32,000. UMB Bank N A MO bought a new stake in New Residential Investment in the 4th quarter valued at $32,000. Finally, First Horizon Advisors Inc. raised its stake in 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 acquiring an additional 2,245 shares during the period. Institutional investors own 46.48% of the company’s stock.

New Residential Investment stock opened at $11.27 on Monday. The stock has a 50-day simple moving average of $10.74 and a 200 day simple moving average of $10.75. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.09. New Residential Investment has a 12-month low of $8.98 and a 12-month high of $11.81. The stock has a market capitalization of $5.26 billion, a price-to-earnings ratio of 4.99 and a beta of 1.67.

The company also recently declared a quarterly dividend, which was paid on Friday, April 29th. Shareholders of record on Monday, April 4th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 8.87%. The ex-dividend date was Friday, April 1st. New Residential Investment’s dividend payout ratio (DPR) 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.

Featured Articles

Get a free copy of the Zacks research report on New Residential Investment (NRZ)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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



Receive News & Ratings for New Residential Investment Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for New Residential Investment and related companies with MarketBeat.com’s FREE daily email newsletter.

Source link

TagsConsensusFinanceNew Residential InvestmentNRZNYSE:NRZRatings
Previous Article

Loan Market appoints broker business support head

Next Article

GoGame Announces Investment in Slime Royale

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Megan

Related articles More from author

  • Investment

    How alternative investments may fit your portfolio

    October 9, 2022
    By Megan
  • Stock Shares

    AON (NYSE:AON) Shares Gap Down to $292.76

    July 31, 2022
    By Megan
  • Brokers

    RattanIndia Ent arm receives insurance broker licence

    November 29, 2022
    By Megan
  • Currencies

    Rupee: Rupee relatively better placed than other global currencies against dollar: FM

    June 30, 2022
    By Megan
  • Commodities

    Futures File: Ian storms commodity markets | Business

    October 1, 2022
    By Megan
  • Gold and Precious Metals

    Revolut adds Platinum and Palladium to commodities trading menu

    December 14, 2022
    By Megan

Leave a reply Cancel reply

You may interested

  • Stock Shares

    Aker Solutions ASA: Sale of Own Shares for Manager Share Purchase Program

  • Currencies

    Instagram influencer pleads guilty to virtual currency fraud, money laundering charges

  • Investment

    Best Long-Term Crypto Investments – Forbes Advisor

  • LATEST REVIEWS

  • TOP REVIEWS

Timeline

  • January 27, 2023

    CX Institutional Purchases Pentair plc (NYSE:PNR) Shares

  • January 27, 2023

    Adani Enterprises FPO today: Adani Enterprises FPO: Analysts, brokers cite growth potential, some flag valuation

  • January 27, 2023

    Green power is in • The Register

  • January 27, 2023

    U.S. securities regulator probes investment advisers over crypto custody -sources

  • January 27, 2023

    Raymond James Financial Services Advisors Inc. disposes of 1,602 SAP SE shares (NYSE:SAP)

Best Reviews

Latest News

Stock Shares

CX Institutional Purchases Pentair plc (NYSE:PNR) Shares

The most recent filing that CX Institutional has made with the SEC reveals that during the third quarter, the company increased its holdings in Pentair plc (NYSE: PNR) by 1,090.2%. ...
  • Adani Enterprises FPO today: Adani Enterprises FPO: Analysts, brokers cite growth potential, some flag valuation

    By Megan
    January 27, 2023
  • Green power is in • The Register

    By Megan
    January 27, 2023
  • U.S. securities regulator probes investment advisers over crypto custody -sources

    By Megan
    January 27, 2023
  • Raymond James Financial Services Advisors Inc. disposes of 1,602 SAP SE shares (NYSE:SAP)

    By Megan
    January 27, 2023
  • Recent

  • Popular

  • Comments

  • CX Institutional Purchases Pentair plc (NYSE:PNR) Shares

    By Megan
    January 27, 2023
  • Adani Enterprises FPO today: Adani Enterprises FPO: Analysts, brokers cite growth potential, some flag valuation

    By Megan
    January 27, 2023
  • Green power is in • The Register

    By Megan
    January 27, 2023
  • U.S. securities regulator probes investment advisers over crypto custody -sources

    By Megan
    January 27, 2023
  • CX Institutional Purchases Pentair plc (NYSE:PNR) Shares

    By Megan
    January 27, 2023
  • Australia’s economy: boom or bust?

    By Megan
    September 9, 2019
  • Australian economy suffers virus symptoms

    By Megan
    February 10, 2020
  • Australian economy likely already slowing in Q2 before Delta downturn

    By Megan
    August 30, 2021

Trending News

  • Stock Shares

    CX Institutional Purchases Pentair plc (NYSE:PNR) Shares

    The most recent filing that CX Institutional has made with the SEC reveals that during the third quarter, the company increased its holdings in Pentair plc (NYSE: PNR) by 1,090.2%. ...
  • Brokers

    Adani Enterprises FPO today: Adani Enterprises FPO: Analysts, brokers cite growth potential, some flag valuation

    Mumbai: Several brokers and analysts are recommending that investors subscribe to Adani Enterprises‘ ₹20,000 crore follow-on public offering (FPO) that opens Friday. The flagship entity of the Adani Group is ...
  • Investment

    Green power is in • The Register

    The world has reached a major tipping point in the transition from fossil fuels to low-carbon energy: 2022 was the first year global investments in low-carbon technologies matched spending on ...
  • Investment

    U.S. securities regulator probes investment advisers over crypto custody -sources

    NEW YORK, Jan 26 (Reuters) – The U.S. Securities and Exchange Commission is probing registered investment advisers over whether they are meeting rules around custody of client crypto assets, three ...
  • Stock Shares

    Raymond James Financial Services Advisors Inc. disposes of 1,602 SAP SE shares (NYSE:SAP)

    Raymond James Financial Services Advisors Inc. reduced its holdings in SAP SE (NYSE: SAP) during the third quarter by 16.1 percent, as stated in the most recent 13F disclosure that ...
  • About us
  • Contact Us
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© Copyright The Oceania Times. All rights reserved.

SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.