B. Riley set a $19.00 target price on New Residential Investment (NYSE:NRZ) in a research report report published on Tuesday morning. The firm currently has a buy rating on the real estate investment trust’s stock. B. Riley also issued estimates for New Residential Investment’s Q2 2018 earnings at $0.51 EPS and Q2 2019 earnings at $0.53 EPS.

NRZ has been the topic of a number of other research reports. Zacks Investment Research downgraded shares of New Residential Investment from a buy rating to a hold rating in a research report on Wednesday, November 15th. Wedbush upgraded shares of New Residential Investment from a neutral rating to an outperform rating and set a $20.00 price objective on the stock in a research report on Thursday, January 18th. FBR & Co restated a buy rating and set a $19.25 price objective on shares of New Residential Investment in a research report on Monday, October 30th. Vetr downgraded shares of New Residential Investment from a strong-buy rating to a buy rating and set a $18.60 price objective on the stock. in a research report on Tuesday. Finally, ValuEngine downgraded shares of New Residential Investment from a strong-buy rating to a buy rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $18.61.

New Residential Investment (NYSE NRZ) opened at $16.91 on Tuesday. The stock has a market cap of $5,593.29, a P/E ratio of 5.88 and a beta of 0.92. New Residential Investment has a 52 week low of $15.04 and a 52 week high of $18.43.

New Residential Investment (NYSE:NRZ) last issued its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.07. New Residential Investment had a net margin of 60.06% and a return on equity of 19.38%. During the same quarter in the prior year, the business earned $0.62 EPS. equities analysts expect that New Residential Investment will post 2.73 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 30th. Investors of record on Friday, December 29th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $2.00 dividend on an annualized basis and a yield of 11.83%. New Residential Investment’s dividend payout ratio (DPR) is 64.72%.

Hedge funds have recently made changes to their positions in the business. TCI Wealth Advisors Inc. increased its holdings in New Residential Investment by 203.0% during the third quarter. TCI Wealth Advisors Inc. now owns 6,060 shares of the real estate investment trust’s stock valued at $101,000 after buying an additional 4,060 shares during the last quarter. American International Group Inc. purchased a new stake in New Residential Investment during the fourth quarter valued at approximately $115,000. Ffcm LLC increased its holdings in New Residential Investment by 673.4% during the third quarter. Ffcm LLC now owns 6,976 shares of the real estate investment trust’s stock valued at $120,000 after buying an additional 6,074 shares during the last quarter. Cadence Capital Management LLC purchased a new stake in New Residential Investment during the third quarter valued at approximately $170,000. Finally, Highlander Capital Management LLC increased its holdings in New Residential Investment by 250.0% during the third quarter. Highlander Capital Management LLC now owns 10,500 shares of the real estate investment trust’s stock valued at $176,000 after buying an additional 7,500 shares during the last quarter. 45.28% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for New Residential Investment (NYSE:NRZ)

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