Equities research analysts expect New Residential Investment Corp. (NYSE:NRZ – Get Rating) to report $249.30 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for New Residential Investment’s earnings. The lowest sales estimate is $237.00 million and the highest is $261.60 million. New Residential Investment reported sales of $147.14 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 69.4%. The firm is expected to issue its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that New Residential Investment will report full-year sales of $1.04 billion for the current fiscal year, with estimates ranging from $990.00 million to $1.09 billion. For the next fiscal year, analysts anticipate that the company will post sales of $1.26 billion, with estimates ranging from $1.22 billion to $1.30 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover New Residential Investment.
New Residential Investment (NYSE:NRZ – Get Rating) last released its earnings results on Tuesday, May 3rd. The real estate investment trust reported $0.37 EPS for the quarter, topping the consensus estimate of $0.35 by $0.02. New Residential Investment had a net margin of 28.82% and a return on equity of 13.84%. During the same period in the previous year, the company posted $0.34 earnings per share.
Several large investors have recently bought and sold shares of NRZ. Metropolitan Life Insurance Co NY lifted its holdings in shares of New Residential Investment by 9.3% during the 1st quarter. Metropolitan Life Insurance Co NY now owns 9,747 shares of the real estate investment trust’s stock valued at $164,000 after acquiring an additional 828 shares in the last quarter. FMR LLC lifted its holdings in New Residential Investment by 62.2% in the 1st quarter. FMR LLC now owns 779,914 shares of the real estate investment trust’s stock worth $13,189,000 after buying an additional 299,097 shares in the last quarter. Amundi Pioneer Asset Management Inc. lifted its holdings in New Residential Investment by 50.8% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 250,386 shares of the real estate investment trust’s stock worth $4,234,000 after buying an additional 84,355 shares in the last quarter. Morgan Stanley lifted its holdings in New Residential Investment by 40.6% in the 2nd quarter. Morgan Stanley now owns 2,770,097 shares of the real estate investment trust’s stock worth $29,335,000 after buying an additional 800,566 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in New Residential Investment in the 3rd quarter worth $479,000. Institutional investors and hedge funds own 46.48% of the company’s stock.
NRZ stock traded up $0.39 during midday trading on Monday, hitting $10.86. The stock had a trading volume of 7,528,794 shares, compared to its average volume of 6,198,351. The firm has a market cap of $5.07 billion, a PE ratio of 4.81 and a beta of 1.67. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.44 and a quick ratio of 0.53. New Residential Investment has a 12-month low of $8.98 and a 12-month high of $11.81. The company’s 50-day moving average price is $10.64 and its 200 day moving average price is $10.79.
The firm also recently announced a quarterly dividend, which was paid on Friday, April 29th. Investors of record on Monday, April 4th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, April 1st. This represents a $1.00 annualized dividend and a dividend yield of 9.21%. New Residential Investment’s payout ratio is 44.25%.
New Residential Investment Company Profile (Get Rating)
New Residential Investment Corp. operates as a real estate investment trust in the United States. It operates through Origination, Servicing, MSR Related Investments, Residential Securities, Properties and Loans, Consumer Loans, Mortgage Loans, and Corporate segments. The company invests in mortgage servicing rights, mortgage origination and servicing companies, residential mortgage-backed securities, properties and loans, consumer loans, and other opportunistic investments.
- Get a free copy of the StockNews.com research report on New Residential Investment (NRZ)
- The Three Most Upgraded Stocks You Can Buy Now
- MarketBeat: Week in Review 5/9 – 5/13
- Is Electronic Arts (NASDAQ: EA) Suddenly A Safe Haven?
- Beyond Meat Stock Value is Improving
- The Travel Sector Is Getting Upgraded
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for New Residential Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Residential Investment and related companies with MarketBeat.com's FREE daily email newsletter.