New Residential Investment Corp (NYSE:NRZ) Has Reported Earnings Data


Dallas, Texas 04/10/2014 (FINANCIALSTRENDS) – New Residential Investment Corp (NYSE:NRZ) has provided an earnings data update. The company has since reported $0.14 EPS in the quarter past. It was also found to be missing consensus estimate of $0.16 by $0.02.  The market cap for the company is $1.621 billion.

New Residential Investment Corp (NYSE:NRZ) has also declared quarterly dividend of $0.175 per common share, in the first quarter of2014. Therefore, the dividend payable as of April 30, 2014 to shareholders will be to only those who own the shares as of March 31, 2014.

GAAP Income Declaration

New Residential Investment Corp (NYSE:NRZ) has declared that the fourth quarter results of 2013, along with GAAP Income declaration $ 80.5 million or $0.31 per diluted share. This GAAP is being reported because of the recent New Residential spin-off, from parent service NewCastle Investment Corp. in May 2013 for a transaction value of $228.3 million. This was at $0.89 per diluted share. New Residential Investment Corp was formed in September, 2013, five months after the company formation was announced by the parent company.

Financial aspects

New Residential Investment Corp (NYSE:NRZ) has reported trading volume of 1.18 million shares. Again, the volume stock remained at 2.09 million shares. It stock has reported 52 week stock price ranges – where the prices between high of $7.29 and low of $5.79.

New Residential Investment Corp (NYSE:NRZ) which started out as a bearish stock has been on the reverse trend, dropping by 1.40% nearly.  As a real estate investment trust, the company will see forward action as the industry matures.

Analysts’ coverage

NRZ has been receiving coverage by analysts in the recent quarters.   The Citigroup Inc has reported a Buy rating on the stock.

Following this coverage, the company has been successful on the stock markets reporting above average performance for this stock.