New Residential Investment Corp (NYSE:NRZ) had declared a cash dividend of $0.4600 on Sep 23, 2016. The shares will quote ex-dividend on Sep 29, 2016 and the record date has been fixed for Oct 3, 2016. On Sep 23, 2016 share price, the yield comes out to be 12.9032%. The dividend payable date has been fixed on Oct 28, 2016.
In a different note, On Sep 9, 2016, PiperJaffray said it Assumes its rating on New Residential Investment Corp. The shares have been rated ‘Neutral’ by the firm. On Aug 10, 2016, Barclays said it Maintains its rating on New Residential Investment Corp. In the research note, the firm Raises the price-target to $15.00 per share. The shares have been rated ‘Overweight’ by the firm.
New Residential Investment Corp (NRZ) made into the market gainers list on Tuesdays trading session with the shares advancing 0.70% or 0.1 points. Due to strong positive momentum, the stock ended at $14.42, which is also near the day’s high of $14.5. The stock began the session at $14.36 and the volume stood at 30,97,181 shares. The 52-week high of the shares is $14.89 and the 52 week low is $9.07. The company has a current market capitalization of $3,324 M and it has 23,04,93,010 shares in outstanding.
New Residential Investment Corp(NRZ) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q2.Earnings per share were $0.52.
Several Insider Transactions has been reported to the SEC. On Jun 16, 2015, Michael Nierenberg (CEO) purchased 9,100 shares at $16.05 per share price.Also, On Jun 15, 2015, Wesley R Edens (director) sold 3,245,764 shares at $15.88 per share price.On May 14, 2015, Alan L. Tyson (director) purchased 20,000 shares at $16.85 per share price, according to the Form-4 filing with the securities and exchange commission.
New Residential Investment Corp. (New Residential) is a publicly traded real estate investment trust. The Company is focused on investing and managing residential real estate investments. Its portfolio consists of servicing related assets residential securities and loans and other investments. Its business segments include: Excess Mortgage Servicing Rights (Excess MSRs) Servicer Advances Real Estate Securities Real Estate Loans Consumer Loans and Corporate. It has acquired Excess MSRs on residential mortgage loans with an aggregate unpaid principal balance (UPB) as of December 31 2014 of approximately $248.7 billion. It acquires and manages a portfolio of credit sensitive real estate securities including Non-Agency and Agency residential mortgage backed securities (RMBS). It has acquired residential mortgage loans including performing non-performing re-performing and reverse mortgage loans.