New Residential Investment (NYSE:NRZ) Releases Earnings Results, Misses Expectations By $0.01 EPS

New Residential Investment (NYSE:NRZ) released its earnings results on Tuesday. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.01), reports. New Residential Investment had a return on equity of 13.39% and a net margin of 29.22%. The company had revenue of $188.04 million for the quarter, compared to the consensus estimate of $240.28 million. During the same quarter in the previous year, the company posted $0.58 EPS.

Shares of NRZ traded down $0.07 during trading hours on Friday, reaching $15.41. The stock had a trading volume of 73,603 shares, compared to its average volume of 2,879,593. New Residential Investment has a 12 month low of $13.86 and a 12 month high of $18.75. The company has a market cap of $6.40 billion, a PE ratio of 6.47 and a beta of 1.08. The stock has a 50-day moving average price of $15.51.

The company also recently declared a quarterly dividend, which was paid on Friday, July 26th. Stockholders of record on Monday, July 1st were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 12.98%. The ex-dividend date was Friday, June 28th. New Residential Investment’s payout ratio is 84.03%.

In other news, Director Andrew Sloves purchased 1,800 shares of the company’s stock in a transaction dated Tuesday, May 14th. The stock was bought at an average cost of $16.65 per share, for a total transaction of $29,970.00. Following the purchase, the director now owns 29,481 shares of the company’s stock, valued at $490,858.65. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.47% of the stock is currently owned by corporate insiders.

A number of brokerages have weighed in on NRZ. ValuEngine downgraded New Residential Investment from a “hold” rating to a “sell” rating in a research report on Tuesday, July 9th. Zacks Investment Research upgraded New Residential Investment from a “sell” rating to a “hold” rating in a research note on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $18.88.

New Residential Investment Company Profile

New Residential Investment Corp., a real estate investment trust, focuses on investing in and managing residential mortgage related assets in the United States. It operates through Servicing and Originations, Residential Securities and Loans, and Consumer Loans segments. The company invests in excess mortgage servicing rights (MSRs) on residential mortgage loans; and in servicer advances, including the basic fee component of the related MSRs.

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Earnings History for New Residential Investment (NYSE:NRZ)

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