New Residential Investment Corp. (NYSE:NRZ) saw unusually-strong trading volume on Wednesday . Approximately 2,319,337 shares traded hands during mid-day trading, a decline of 17% from the previous session’s volume of 2,797,752 shares.The stock last traded at $12.91 and had previously closed at $13.05.

A number of analysts have recently commented on NRZ shares. Zacks Investment Research upgraded New Residential Investment Corp. from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research report on Wednesday, April 6th. Credit Suisse Group AG restated a “buy” rating and issued a $17.00 price objective on shares of New Residential Investment Corp. in a research report on Thursday, March 31st. Sterne Agee CRT restated a “buy” rating on shares of New Residential Investment Corp. in a research report on Monday, May 16th. Compass Point cut New Residential Investment Corp. from a “buy” rating to a “neutral” rating and set a $15.00 price objective for the company. in a research report on Wednesday, May 18th. Finally, Vetr upgraded New Residential Investment Corp. from a “buy” rating to a “strong-buy” rating and set a $15.40 price objective for the company in a research report on Monday, June 13th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $15.24.

The company has a 50 day moving average of $13.45 and a 200 day moving average of $12.05. The stock has a market capitalization of $3.01 billion and a PE ratio of 8.55.

New Residential Investment Corp. (NYSE:NRZ) last posted its quarterly earnings data on Wednesday, May 4th. The real estate investment trust reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by $0.01. During the same period in the prior year, the business earned $0.29 earnings per share. On average, equities analysts predict that New Residential Investment Corp. will post $1.72 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 29th. Shareholders of record on Thursday, July 7th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Tuesday, July 5th. This represents a $1.84 dividend on an annualized basis and a yield of 14.11%.

Other hedge funds recently bought and sold shares of the company. Nationwide Fund Advisors boosted its stake in New Residential Investment Corp. by 0.7% in the fourth quarter. Nationwide Fund Advisors now owns 436,450 shares of the real estate investment trust’s stock worth $5,307,000 after buying an additional 2,936 shares during the last quarter. California State Teachers Retirement System boosted its stake in New Residential Investment Corp. by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 427,047 shares of the real estate investment trust’s stock worth $5,193,000 after buying an additional 6,818 shares during the last quarter. Comerica Bank boosted its stake in New Residential Investment Corp. by 3.3% in the fourth quarter. Comerica Bank now owns 280,767 shares of the real estate investment trust’s stock worth $3,240,000 after buying an additional 9,043 shares during the last quarter. Rhumbline Advisers boosted its stake in New Residential Investment Corp. by 4.7% in the fourth quarter. Rhumbline Advisers now owns 310,016 shares of the real estate investment trust’s stock worth $3,770,000 after buying an additional 13,955 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its stake in New Residential Investment Corp. by 7.2% in the fourth quarter. New York State Common Retirement Fund now owns 221,200 shares of the real estate investment trust’s stock worth $2,690,000 after buying an additional 14,900 shares during the last quarter.

New Residential Investment Corp. (New Residential) is a publicly traded real estate investment trust. The Company is focused on investing and managing residential real estate investments. Its portfolio consists of servicing related assets, residential securities and loans and other investments. Its business segments include: Excess Mortgage Servicing Rights (Excess MSRs), Servicer Advances, Real Estate Securities, Real Estate Loans, Consumer Loans and Corporate.

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