New Residential Investment Corp. (NYSE:NRZ)’s share price fell 5.8% on Tuesday . The company traded as low as $13.01 and last traded at $13.07, with a volume of 2,844,457 shares. The stock had previously closed at $13.88.

A number of research firms have weighed in on NRZ. Compass Point cut shares of 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. Credit Suisse Group AG restated a “buy” rating and set a $17.00 price objective on shares of New Residential Investment Corp. in a research report on Thursday, March 31st. Zacks Investment Research upgraded shares of New Residential Investment Corp. from a “sell” rating to a “hold” rating in a research report on Friday, May 20th. Vetr upgraded shares of 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. Finally, Sterne Agee CRT restated a “buy” rating on shares of New Residential Investment Corp. in a research report on Monday, May 16th. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. New Residential Investment Corp. presently has a consensus rating of “Buy” and an average target price of $15.24.

The firm has a market capitalization of $2.96 billion and a price-to-earnings ratio of 8.4106. The company’s 50 day moving average price is $13.45 and its 200 day moving average price is $12.05.

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

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

Several institutional investors have made changes to their positions in NRZ. Nationwide Fund Advisors raised its position in shares of 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 period. California State Teachers Retirement System raised its position 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 period. American Century Companies Inc. raised its position in New Residential Investment Corp. by 54.6% in the fourth quarter. American Century Companies Inc. now owns 316,752 shares of the real estate investment trust’s stock worth $3,852,000 after buying an additional 111,846 shares during the period. Rhumbline Advisers raised its position 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 period. Finally, ProShare Advisors LLC raised its position in New Residential Investment Corp. by 21.2% in the fourth quarter. ProShare Advisors LLC now owns 116,813 shares of the real estate investment trust’s stock worth $1,420,000 after buying an additional 20,438 shares during the period.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.