Factors Likely to Have Influenced Earnings Results New Residential Investment (NYSE:NRZ)

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Earnings results for New Residential Investment (NYSE:NRZ)

New Residential Investment Corp. is expected* to report earnings on 10/26/2020 before market open. The report will be for the fiscal Quarter ending Sep 2020. According to Zacks Investment Research, based on 4 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.34. The reported EPS for the same quarter last year was $0.5.

New Residential Investment last issued its earnings results on July 22nd, 2020. The real estate investment trust reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. The firm earned $115.80 million during the quarter, compared to the consensus estimate of $87.87 million. New Residential Investment has generated $2.17 earnings per share over the last year. New Residential Investment has confirmed that its next quarterly earnings report will be published on Monday, October 26th, 2020.

Analyst Opinion on New Residential Investment (NYSE:NRZ)

10 Wall Street analysts have issued ratings and price targets for New Residential Investment in the last 12 months. Their average twelve-month price target is $11.64, predicting that the stock has a possible upside of 33.29%. The high price target for NRZ is $20.00 and the low price target for NRZ is $9.00. There are currently 1 hold rating and 9 buy ratings for the stock, resulting in a consensus rating of “Buy.”

New Residential Investment has received a consensus rating of Buy. The company’s average rating score is 2.90, and is based on 9 buy ratings, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $11.64, New Residential Investment has a forecasted upside of 33.3% from its current price of $8.73. New Residential Investment has only been the subject of 4 research reports in the past 90 days.

Dividend Strength: New Residential Investment (NYSE:NRZ)

New Residential Investment is a leading dividend payer. It pays a dividend yield of 6.87%, putting its dividend yield in the top 25% of dividend-paying stocks. New Residential Investment has only been increasing its dividend for 1 years. The dividend payout ratio of New Residential Investment is 27.65%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, New Residential Investment will have a dividend payout ratio of 43.80% next year. This indicates that New Residential Investment will be able to sustain or increase its dividend.

Insiders buying/selling: New Residential Investment (NYSE:NRZ)

In the past three months, New Residential Investment insiders have bought more of their company’s stock than they have sold. Specifically, they have bought $77,200.00 in company stock and sold $0.00 in company stock. Only 0.47% of the stock of New Residential Investment is held by insiders. 45.59% of the stock of New Residential Investment is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of New Residential Investment (NYSE:NRZ

Earnings for New Residential Investment are expected to decrease by -7.43% in the coming year, from $1.48 to $1.37 per share. The P/E ratio of New Residential Investment is -3.08, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of New Residential Investment is -3.08, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. New Residential Investment has a P/B Ratio of 0.53. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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