New Residential Investment Corp (NYSE:NRZ) Director David Saltzman acquired 14,174 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was acquired at an average price of $16.66 per share, with a total value of $236,138.84. Following the completion of the transaction, the director now directly owns 38,887 shares in the company, valued at approximately $647,857.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
NYSE:NRZ traded down $0.39 during trading hours on Thursday, reaching $15.59. 4,996,000 shares of the stock were exchanged, compared to its average volume of 4,031,366. New Residential Investment Corp has a twelve month low of $13.86 and a twelve month high of $18.75. The company has a market cap of $6.66 billion, a P/E ratio of 6.55 and a beta of 1.09.
New Residential Investment (NYSE:NRZ) last released its quarterly earnings results on Wednesday, May 1st. The real estate investment trust reported $0.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.53. New Residential Investment had a return on equity of 13.39% and a net margin of 29.22%. The firm had revenue of $423.08 million during the quarter, compared to the consensus estimate of $403.45 million. During the same quarter in the prior year, the firm posted $0.58 EPS. The business’s revenue was up 62.9% on a year-over-year basis. As a group, research analysts forecast that New Residential Investment Corp will post 2.19 EPS for the current year.
A number of equities analysts have weighed in on the company. Zacks Investment Research downgraded New Residential Investment from a “buy” rating to a “hold” rating in a research report on Thursday, May 9th. Nomura assumed coverage on New Residential Investment in a research report on Wednesday, March 27th. They set a “buy” rating and a $18.50 price target for the company. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $19.30.
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About New Residential Investment
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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