New Residential Investment Corp. (NYSE:NRZ) rose 2.7% during mid-day trading on Tuesday . The company traded as high as $14.70 and last traded at $14.61, with a volume of 2,033,409 shares traded. The stock had previously closed at $14.23.

NRZ has been the subject of a number of recent research reports. Sterne Agee CRT reiterated a “buy” rating on shares of New Residential Investment Corp. in a report on Monday, May 16th. Credit Suisse Group AG set a $17.00 price objective on shares of New Residential Investment Corp. and gave the stock a “buy” rating in a report on Monday. Zacks Investment Research upgraded shares of New Residential Investment Corp. from a “sell” rating to a “hold” rating in a report on Friday, May 20th. TheStreet upgraded shares of New Residential Investment Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, May 4th. Finally, 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 report on Wednesday, May 18th. One equities research analyst has rated the stock with a sell rating, two have issued 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 stock has a market capitalization of $3.41 billion and a P/E ratio of 10.12. The stock’s 50 day moving average price is $13.43 and its 200-day moving average price is $12.35.

New Residential Investment Corp. (NYSE:NRZ) last announced its quarterly earnings results on Tuesday, August 2nd. The real estate investment trust reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.02. During the same period in the prior year, the business earned $0.45 earnings per share. The firm had revenue of $137.43 million for the quarter, compared to the consensus estimate of $161 million. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, equities analysts predict that New Residential Investment Corp. will post $1.72 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Thursday, July 7th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Tuesday, July 5th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 12.42%.

Several institutional investors have recently made changes to their positions in NRZ. Advisors Asset Management Inc. boosted its position in shares of New Residential Investment Corp. by 366.0% in the fourth quarter. Advisors Asset Management Inc. now owns 347,333 shares of the real estate investment trust’s stock worth $4,224,000 after buying an additional 272,802 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its position in shares of New Residential Investment Corp. by 12.3% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 137,000 shares of the real estate investment trust’s stock worth $1,666,000 after buying an additional 15,000 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of New Residential Investment Corp. by 10.6% in the fourth quarter. Wells Fargo & Company MN now owns 3,584,839 shares of the real estate investment trust’s stock worth $43,592,000 after buying an additional 343,051 shares in the last quarter. Bank of Montreal Can boosted its position in shares of New Residential Investment Corp. by 92.5% in the fourth quarter. Bank of Montreal Can now owns 1,251,000 shares of the real estate investment trust’s stock worth $15,212,000 after buying an additional 601,000 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its position in shares of 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 in 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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