New Residential Investment (NYSE:NRZ) posted its earnings results on Thursday. The real estate investment trust reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.09, MarketWatch Earnings reports. The business had revenue of $262.72 million for the quarter, compared to analyst estimates of $231.40 million. New Residential Investment had a net margin of 83.31% and a return on equity of 14.85%.
Shares of NYSE:NRZ traded down $0.49 during trading on Friday, reaching $17.46. The company had a trading volume of 4,687,400 shares, compared to its average volume of 2,920,482. The firm has a market capitalization of $6.08 billion, a price-to-earnings ratio of 6.17 and a beta of 0.92. New Residential Investment has a 12 month low of $15.24 and a 12 month high of $18.75.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 26th. Stockholders of record on Monday, October 1st will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 11.45%. The ex-dividend date of this dividend is Friday, September 28th. New Residential Investment’s payout ratio is 70.67%.
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 Related Assets, Residential Securities and Loans, and Other Investments 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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