New Residential Investment Corp. (NYSE:NRZ)’s share price traded down 3% during mid-day 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 trading hands. The stock had previously closed at $14.48.

Several equities analysts have recently issued reports on the stock. Barclays PLC boosted their price target on shares of New Residential Investment Corp. from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Wednesday. Zacks Investment Research raised shares of New Residential Investment Corp. from a “sell” rating to a “hold” rating in a report on Thursday. Credit Suisse Group AG set a $17.00 target price on shares of New Residential Investment Corp. and gave the company a “buy” rating in a research report on Monday, August 8th. Vetr upgraded shares of New Residential Investment Corp. from a “buy” rating to a “strong-buy” rating and set a $15.40 target price for the company in a research report on Monday, June 13th. Finally, Compass Point lowered shares of New Residential Investment Corp. from a “buy” rating to a “neutral” rating and set a $15.00 target price for the company. in a research report on Wednesday, May 18th. Three analysts have rated the stock with a hold rating, six have assigned 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 price target of $15.36.

The firm has a market capitalization of $3.26 billion and a P/E ratio of 9.66. The firm’s 50 day moving average price is $13.55 and its 200 day moving average price is $12.43.

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

The company also recently announced a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Thursday, July 7th were given a $0.46 dividend. The ex-dividend date was Tuesday, July 5th. This represents a $1.84 annualized dividend and a yield of 13.02%.

Other hedge funds and institutional investors recently modified their holdings of the company. 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 during 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 during the last quarter. 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 during the last quarter. 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 during the last quarter. Finally, 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 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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