New Residential Investment (NYSE:NRZ) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $0.57-0.65 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.54.

Shares of New Residential Investment (NYSE:NRZ) opened at $17.63 on Wednesday. The firm has a market cap of $5,420.00, a PE ratio of 5.71, a price-to-earnings-growth ratio of 8.14 and a beta of 1.02. New Residential Investment has a 1 year low of $15.03 and a 1 year high of $18.43.

New Residential Investment (NYSE:NRZ) last posted its quarterly earnings data on Friday, October 27th. The real estate investment trust reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.08. The firm had revenue of $331.38 million during the quarter, compared to analysts’ expectations of $291.66 million. New Residential Investment had a net margin of 60.06% and a return on equity of 19.38%. The company’s quarterly revenue was up 72.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.51 EPS. equities research analysts forecast that New Residential Investment will post 2.73 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 30th. Shareholders of record on Friday, December 29th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 11.34%. The ex-dividend date is Thursday, December 28th. New Residential Investment’s payout ratio is presently 64.72%.

Several equities research analysts have weighed in on NRZ shares. Vetr upgraded shares of New Residential Investment from a hold rating to a buy rating and set a $17.72 price objective for the company in a research report on Monday, October 2nd. B. Riley reaffirmed a buy rating on shares of New Residential Investment in a research note on Wednesday, November 1st. FBR & Co reaffirmed a buy rating and issued a $19.25 target price on shares of New Residential Investment in a research note on Monday, October 30th. Zacks Investment Research lowered shares of New Residential Investment from a buy rating to a hold rating in a research note on Wednesday, November 15th. Finally, Barclays raised their target price on shares of New Residential Investment from $16.00 to $19.00 and gave the company an overweight rating in a research note on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $18.09.

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About New Residential Investment

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.

Earnings History and Estimates for New Residential Investment (NYSE:NRZ)

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