New Residential Investment Corp. (NYSE:NRZ) at a consensus rating of “Moderate Buy” from analysts

Shares of New Residential Investment Corp. (NYSE:NRZ – Get Rating ) has received a consensus rating of “Moderate Buy” from the eight research firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating and seven have issued a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $12.20.

A number of analysts recently issued reports on the company. Raymond James raised their price objective on New Home Investment from $13.00 to $13.50 and gave the stock an “outperform” rating in a research note on Tuesday, March 29th. Piper Sandler downgraded New Residential Investment from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $12.00 to $10.00 in a research note on Monday, June 13th. Finally, StockNews.com raised New Home Investment from a “hold” rating to a “buy” rating in a research note on Monday, May 9th.

Large investors have recently been buying and selling stakes in the business. TCI Wealth Advisors Inc. raised its holdings in shares of New Residential Investment by 311.1% in the first quarter. TCI Wealth Advisors Inc. now owns 2,454 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 1,857 shares during the period. Quent Capital LLC raised its stake in New Residential Investment by 468.2% in the first quarter. Quent Capital LLC now owns 2,801 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 2,308 shares during the last quarter. Huntington National Bank acquired a new position in New Home Investment in the 4th quarter worth $32,000. UMB Bank NA MO acquired a new position in New Home Investment in the 4th quarter worth $32,000. Finally, First Horizon Advisors Inc . raised its stake in New Residential Investment by 207.1% during the 4th quarter. First Horizon Advisors Inc. now owns 3,329 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 2,245 shares in the last quarter. Institutional investors own 46.48% of the company’s shares.

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NRZ opened at $9.48 on Tuesday. The firm has a market cap of $4.43 billion, a P/E ratio of 4.19 and a beta of 1.67. The firm has a 50-day moving average of $10.37 and a 200-day moving average of $10.52. The company has a debt-to-equity ratio of 0.09, a quick earnings ratio of 0.44, and a current ratio of 0.44. New Home Investment has a fifty-two week low of $8.18 and a fifty-two week high of $11.81.

New Residential Investment (NYSE:NRZ – Get Rating ) last posted its earnings results on Tuesday, May 3. The real estate investment trust reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. New Residential Investment had a net margin of 28.82% and a return on equity of 13.84%. In the same quarter last year, the firm earned $0.34 earnings per share. equities analysts predict that New Residential Investment will post 1.21 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 29th. Shareholders of record on Friday, July 1st will be given a $0.25 dividend. The ex-dividend date is Thursday, June 30th. This represents a dividend of $1.00 per year and a yield of 10.55%. New Residential Investment’s dividend payout ratio is currently 44.25%.

New housing 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, real estate 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, real estate and loans, consumer loans and other opportunistic investments.

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