New Residential Investment (NYSE: NRZ) Reaches New 52-Week Low at $ 8.92


New Residential Investment Corp. (NYSE: NRZ – Get Rating) hit a new 52-week low during trading on Wednesday. The stock traded as low as $ 8.92 and last traded at $ 9.28, with a volume of 593671 shares. The stock had previously closed at $ 9.09.

Several research analysts recently commented on the stock. Raymond James lifted their target price on shares of New Residential Investment from $ 13.00 to $ 13.50 and gave the stock an “outperform” rating in a research note on Tuesday, March 29th. StockNews.com raised shares of New Residential Investment from a “hold” rating to a “buy” rating in a research note on Monday, May 9th. Finally, Piper Sandler cut shares of New Residential Investment from a “neutral” rating to an “underweight” rating and cut their price target for the company from $ 12.00 to $ 10.00 in a report on Monday. One research analyst has rated the stock with a sell rating and seven have given a buy rating to the stock. According to MarketBeat.com, New Residential Investment currently has a consensus rating of “Buy” and a consensus price target of $ 12.20.

The firm has a market cap of $ 4.30 billion, a P / E ratio of 4.02 and a beta of 1.66. The firm’s fifty day moving average is $ 10.76 and its two-hundred day moving average is $ 10.72. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.09.

New Residential Investment (NYSE: NRZ – Get Rating) last announced its earnings results on Tuesday, May 3rd. The real estate investment trust reported $ 0.37 EPS for the quarter, beating 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%. During the same quarter in the previous year, the firm posted $ 0.34 EPS. As a group, sell-side analysts forecast that New Residential Investment Corp. will post 1.38 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 29th. Stockholders of record on Monday, April 4th were issued a dividend of $ 0.25 per share. This represents a $ 1.00 dividend on an annualized basis and a dividend yield of 10.86%. The ex-dividend date was Friday, April 1st. New Residential Investment’s dividend payout ratio (DPR) is presently 44.25%.

A number of institutional investors have recently made changes to their positions in NRZ. TCI Wealth Advisors Inc. boosted its stake in New Residential Investment by 311.1% in the 1st quarter. TCI Wealth Advisors Inc. now owns 2,454 shares of the real estate investment trust’s stock worth $ 27,000 after purchasing an additional 1,857 shares in the last quarter. Quent Capital LLC boosted its stake in New Residential Investment by 468.2% in the 1st quarter. Quent Capital LLC now owns 2,801 shares of the real estate investment trust’s stock worth $ 31,000 after purchasing an additional 2,308 shares in the last quarter. Huntington National Bank bought a new position in New Residential Investment in the 4th quarter worth about $ 32,000. UMB Bank NA MO bought a new position in New Residential Investment in the 4th quarter worth about $ 32,000. Finally, First Horizon Advisors Inc. boosted its stake in New Residential Investment by 207.1% in the 4th quarter. First Horizon Advisors Inc. now owns 3,329 shares of the real estate investment trust’s stock worth $ 36,000 after purchasing an additional 2,245 shares in the last quarter. Institutional investors own 46.48% of the company’s stock.

About New Residential Investment (NYSE: NRZ)

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.

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