New Residential Investment (NYSE:NRZ) posted its quarterly earnings results on Saturday. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.06), MarketWatch Earnings reports. The company had revenue of $685.00 million during the quarter, compared to analysts’ expectations of $623.19 million. New Residential Investment had a positive return on equity of 14.32% and a negative net margin of 74.42%. New Residential Investment’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.50 EPS.
Shares of NYSE NRZ opened at $7.40 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.41 and a quick ratio of 0.41. The stock has a market capitalization of $3.08 billion, a P/E ratio of -2.61 and a beta of 1.70. New Residential Investment has a 1-year low of $2.91 and a 1-year high of $17.66. The business has a fifty day moving average price of $8.04 and a 200 day moving average price of $7.36.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Monday, October 5th will be paid a dividend of $0.15 per share. This is a boost from New Residential Investment’s previous quarterly dividend of $0.10. This represents a $0.60 dividend on an annualized basis and a dividend yield of 8.11%. The ex-dividend date is Friday, October 2nd. New Residential Investment’s dividend payout ratio is 27.65%.
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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