New Residential Investment Corp. (NYSE:NRZ) has received an average recommendation of “Buy” from the thirteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $16.57.

NRZ has been the subject of a number of analyst reports. FBR & Co reaffirmed an “outperform” rating and issued a $17.50 target price on shares of New Residential Investment Corp. in a research report on Tuesday, March 28th. ValuEngine cut shares of New Residential Investment Corp. from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 30th. Zacks Investment Research cut shares of New Residential Investment Corp. from a “buy” rating to a “sell” rating in a research note on Wednesday, July 5th. BidaskClub cut shares of New Residential Investment Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, June 29th. Finally, Keefe, Bruyette & Woods set a $17.00 price target on shares of New Residential Investment Corp. and gave the company a “buy” rating in a research note on Tuesday, June 6th.

Shares of New Residential Investment Corp. (NRZ) opened at 15.72 on Tuesday. New Residential Investment Corp. has a 1-year low of $13.00 and a 1-year high of $17.86. The company has a 50 day moving average of $16.30 and a 200 day moving average of $16.42. The firm has a market cap of $4.83 billion, a price-to-earnings ratio of 7.71 and a beta of 1.00.

New Residential Investment Corp. (NYSE:NRZ) last released its earnings results on Monday, May 1st. The real estate investment trust reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. The business had revenue of $170.60 million during the quarter, compared to the consensus estimate of $239.83 million. New Residential Investment Corp. had a net margin of 43.60% and a return on equity of 15.48%. The firm’s revenue for the quarter was down 21.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.49 earnings per share. On average, equities analysts forecast that New Residential Investment Corp. will post $2.12 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 28th. Stockholders of record on Monday, July 3rd will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 12.72%. The ex-dividend date of this dividend is Thursday, June 29th. This is a boost from New Residential Investment Corp.’s previous quarterly dividend of $0.48. New Residential Investment Corp.’s dividend payout ratio (DPR) is currently 98.52%.

Hedge funds have recently bought and sold shares of the company. Commerzbank Aktiengesellschaft FI boosted its stake in New Residential Investment Corp. by 0.7% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 10,500 shares of the real estate investment trust’s stock worth $178,000 after buying an additional 77 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake in New Residential Investment Corp. by 5.3% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 11,941 shares of the real estate investment trust’s stock worth $203,000 after buying an additional 604 shares in the last quarter. Profund Advisors LLC boosted its stake in New Residential Investment Corp. by 6.2% in the first quarter. Profund Advisors LLC now owns 19,823 shares of the real estate investment trust’s stock worth $337,000 after buying an additional 1,161 shares in the last quarter. Waratah Capital Advisors Ltd. boosted its stake in New Residential Investment Corp. by 1.7% in the first quarter. Waratah Capital Advisors Ltd. now owns 89,463 shares of the real estate investment trust’s stock worth $1,519,000 after buying an additional 1,473 shares in the last quarter. Finally, IFP Advisors Inc boosted its stake in New Residential Investment Corp. by 35.6% in the first quarter. IFP Advisors Inc now owns 6,565 shares of the real estate investment trust’s stock worth $111,000 after buying an additional 1,724 shares in the last quarter. Institutional investors own 54.82% of the company’s stock.

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New Residential Investment Corp. Company Profile

New Residential Investment Corp. is a real estate investment trust (REIT). The Company focuses on investing in, and managing, investments related to residential real estate. The Company’s segments include investments in excess mortgage servicing rights (Excess MSRs); investments in mortgage servicing rights (MSRs); investments in servicer advances; investments in real estate securities; investments in residential mortgage loans; investments in consumer loans, and corporate.

Analyst Recommendations for New Residential Investment Corp. (NYSE:NRZ)

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