New Residential Investment Corp. (NYSE:NRZ) shares were down 3% during trading on Thursday . The stock traded as low as $14.05 and last traded at $14.05, with a volume of 10,944,468 shares traded. The stock had previously closed at $14.48.

Several research analysts have commented on NRZ shares. Sterne Agee CRT reaffirmed a “buy” rating on shares of New Residential Investment Corp. in a research report on Monday, May 16th. Credit Suisse Group AG set a $17.00 target price on New Residential Investment Corp. and gave the company a “buy” rating in a research note on Monday. Zacks Investment Research upgraded New Residential Investment Corp. from a “sell” rating to a “hold” rating in a research note on Friday, May 20th. TheStreet upgraded New Residential Investment Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, May 4th. Finally, Compass Point downgraded New Residential Investment Corp. from a “buy” rating to a “neutral” rating and set a $15.00 target price on the stock. in a research note on Wednesday, May 18th. Three 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 stock. New Residential Investment Corp. has an average rating of “Buy” and an average target price of $15.36.

The firm’s 50 day moving average price is $13.51 and its 200-day moving average price is $12.39. The firm has a market cap of $3.25 billion and a PE ratio of 9.64.

New Residential Investment Corp. (NYSE:NRZ) last released its quarterly earnings results on Tuesday, August 2nd. The real estate investment trust reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02. The firm had revenue of $137.43 million for the quarter, compared to the consensus estimate of $161 million. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.45 earnings per share. Analysts anticipate that New Residential Investment Corp. will post $1.72 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Thursday, July 7th were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 13.04%. The ex-dividend date of this dividend was Tuesday, July 5th.

Other hedge funds and institutional investors have recently added to or reduced their stakes in the company. New York State Common Retirement Fund raised its position 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. State of New Jersey Common Pension Fund D raised its stake 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 valued at $1,666,000 after buying an additional 15,000 shares in the last quarter. Advisors Asset Management Inc. raised its stake 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 valued at $4,224,000 after buying an additional 272,802 shares in the last quarter. Wells Fargo & Company MN raised its stake 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 valued at $43,592,000 after buying an additional 343,051 shares in the last quarter. Finally, Bank of Montreal Can raised its stake 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 valued at $15,212,000 after buying an additional 601,000 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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