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NRZ - New Residential Investment Corporation

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by Marvan, Jun 14, 2019 at 10:57 AM.

  1. Marvan

    Marvan Member

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    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.

    It also invests in real estate securities and residential mortgage loans, as well as in consumer loans, including unsecured and homeowner loans.

    The company qualifies as a real estate investment trust for federal income tax purposes.

    It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders.

    The company was founded in 2011 and is based in New York, New York.

    https://www.nasdaq.com/symbol/nrz
     
  2. Marvan

    Marvan Member

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    New Residential Investment (NRZ) closed at $15.55 in the latest trading session, marking a +0.84% move from the prior day. This change outpaced the S&P 500's 0.41% gain on the day. Elsewhere, the Dow gained 0.39%, while the tech-heavy Nasdaq added 0.57%.

    Prior to today's trading, shares of the real estate investment trust had lost 7.55% over the past month. This has lagged the Finance sector's loss of 0.77% and the S&P 500's gain of 0.1% in that time.

    NRZ will be looking to display strength as it nears its next earnings release. In that report, analysts expect NRZ to post earnings of $0.54 per share. This would mark a year-over-year decline of 6.9%. Meanwhile, our latest consensus estimate is calling for revenue of $240.28 million, down 10.97% from the prior-year quarter.

    NRZ's full-year Zacks Consensus Estimates are calling for earnings of $2.19 per share and revenue of $957.36 million. These results would represent year-over-year changes of -7.98% and -9.49%, respectively.

    https://uk.finance.yahoo.com/news/residential-investment-nrz-outpaces-stock-215009070.html
     

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