New Residential Investment Corp. (NYSE:NRZ – Get Rating) has been given a consensus rating of “Buy” by the nine analysts that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $12.60.

NRZ has been the topic of a number of research analyst reports. Zacks Investment Research cut shares of New Residential Investment from a “hold” rating to a “sell” rating in a report on Thursday, February 17th. StockNews.com upgraded shares of New Residential Investment from a “hold” rating to a “buy” rating in a report on Monday, May 9th. Piper Sandler lowered shares of New Residential Investment from an “overweight” rating to a “neutral” rating and set a $12.00 price target for the company. in a report on Thursday, May 5th. Finally, Raymond James boosted their price objective on shares of New Residential Investment from $13.00 to $13.50 and gave the stock an “outperform” rating in a research note on Tuesday, March 29th.

NRZ stock opened at $10.63 on Monday. 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 twelve month low of $8.98 and a twelve month high of $11.81. The stock has a market capitalization of $4.96 billion, a price-to-earnings ratio of 4.70 and a beta of 1.67. The firm’s fifty day simple moving average is $10.71 and its two-hundred day simple moving average is $10.76.

New Residential Investment (NYSE:NRZ – Get Rating) last posted its quarterly earnings results on Tuesday, May 3rd. The real estate investment trust reported $0.37 EPS for the quarter, topping analysts’ consensus estimates 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 previous year, the firm earned $0.34 EPS. As a group, equities research analysts expect that New Residential Investment will post 1.36 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 29th. Stockholders of record on Monday, April 4th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.41%. The ex-dividend date was Friday, April 1st. New Residential Investment’s dividend payout ratio (DPR) is presently 44.25%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Metropolitan Life Insurance Co NY grew its holdings in shares of New Residential Investment by 9.3% during the first quarter. Metropolitan Life Insurance Co NY now owns 9,747 shares of the real estate investment trust’s stock valued at $164,000 after buying an additional 828 shares during the last quarter. M&R Capital Management Inc. grew its holdings in shares of New Residential Investment by 2.6% during the first quarter. M&R Capital Management Inc. now owns 39,120 shares of the real estate investment trust’s stock valued at $429,000 after buying an additional 1,000 shares during the last quarter. Fort Sheridan Advisors LLC grew its holdings in shares of New Residential Investment by 0.9% during the first quarter. Fort Sheridan Advisors LLC now owns 118,418 shares of the real estate investment trust’s stock valued at $1,300,000 after buying an additional 1,000 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in shares of New Residential Investment by 2.7% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 38,327 shares of the real estate investment trust’s stock valued at $410,000 after buying an additional 1,010 shares during the last quarter. Finally, Catalyst Capital Advisors LLC grew its holdings in shares of New Residential Investment by 6.8% during the fourth quarter. Catalyst Capital Advisors LLC now owns 16,100 shares of the real estate investment trust’s stock valued at $172,000 after buying an additional 1,020 shares during the last quarter. 46.48% of the stock is currently owned by hedge funds and other institutional investors.

About New Residential Investment (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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