New Residential Investment Corp. (NRZ)’s Trend Up, Especially After Today’s All-Time High Milestone

December 7, 2017 - By Ellis Scott

Investors sentiment decreased to 1.12 in Q2 2017. Its down 1.54, from 2.66 in 2017Q1. It worsened, as 43 investors sold New Residential Investment Corp. shares while 78 reduced holdings. 52 funds opened positions while 83 raised stakes. 140.89 million shares or 11.25% less from 158.75 million shares in 2017Q1 were reported.
Eagle Ridge Invest Mngmt invested in 0.06% or 18,613 shares. 500 are held by Salem Counselors. Hightower Limited Liability, Illinois-based fund reported 39,185 shares. The California-based Orinda Asset Limited has invested 0.93% in New Residential Investment Corp. (NYSE:NRZ). Ubs Asset Americas Inc has invested 0% in New Residential Investment Corp. (NYSE:NRZ). Metropolitan Life Ins Com New York holds 0% in New Residential Investment Corp. (NYSE:NRZ) or 8,360 shares. Alliancebernstein L P has 1.17 million shares for 0.01% of their portfolio. Bnp Paribas Arbitrage owns 1.37M shares or 0.06% of their US portfolio. Citigroup holds 4.58M shares. First Trust Advsr Lp reported 863,127 shares. Thrivent Fin For Lutherans holds 290,860 shares. The Arizona-based Tci Wealth Advisors has invested 0.02% in New Residential Investment Corp. (NYSE:NRZ). Us Savings Bank De reported 0% of its portfolio in New Residential Investment Corp. (NYSE:NRZ). Cap Invest Advsr Ltd Liability Corporation holds 327,060 shares. Comerica Bank & Trust reported 0% in New Residential Investment Corp. (NYSE:NRZ).

The stock of New Residential Investment Corp. (NYSE:NRZ) reached all time high today, Dec, 7 and still has $19.22 target or 7.00 % above today’s $17.96 share price. This indicates more upside for the $5.52 billion company. This technical setup was reported by Barchart.com. If the $19.22 PT is reached, the company will be worth $386.40M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 1.02% or $0.1806 during the last trading session, reaching $17.9606. About 1.74 million shares traded. New Residential Investment Corp. (NYSE:NRZ) has risen 22.04% since December 7, 2016 and is uptrending. It has outperformed by 5.34% the S&P500.

Analysts await New Residential Investment Corp. (NYSE:NRZ) to report earnings on February, 20. They expect $0.49 EPS, down 20.97 % or $0.13 from last year’s $0.62 per share. NRZ’s profit will be $150.60 million for 9.16 P/E if the $0.49 EPS becomes a reality. After $0.64 actual EPS reported by New Residential Investment Corp. for the previous quarter, Wall Street now forecasts -23.44 % negative EPS growth.

New Residential Investment Corp. (NYSE:NRZ) Ratings Coverage

Among 8 analysts covering New Residential Investment Corp (NYSE:NRZ), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. New Residential Investment Corp had 22 analyst reports since August 12, 2015 according to SRatingsIntel. As per Tuesday, September 12, the company rating was maintained by Keefe Bruyette & Woods. The stock of New Residential Investment Corp. (NYSE:NRZ) has “Mkt Outperform” rating given on Wednesday, December 23 by JMP Securities. Barclays Capital maintained it with “Overweight” rating and $16 target in Wednesday, August 10 report. The stock of New Residential Investment Corp. (NYSE:NRZ) has “Buy” rating given on Tuesday, June 6 by Keefe Bruyette & Woods. As per Wednesday, May 18, the company rating was downgraded by Compass Point. The stock has “Buy” rating by Piper Jaffray on Monday, July 24. The stock has “Sell” rating by Zacks on Wednesday, August 12. The firm earned “Outperform” rating on Thursday, October 6 by Wedbush. FBR Capital maintained New Residential Investment Corp. (NYSE:NRZ) on Wednesday, February 22 with “Outperform” rating. The rating was maintained by Piper Jaffray with “Buy” on Sunday, August 27.

More news for New Residential Investment Corp. (NYSE:NRZ) were recently published by: Seekingalpha.com, which released: “This 11% Yielding, Fast-Growing Stock Is Killing It, But There’s A Catch” on November 26, 2017. Businesswire.com‘s article titled: “New Residential Announces Agreements to Acquire Shellpoint Partners” and published on November 29, 2017 is yet another important article.

New Residential Investment Corp., a real estate investment trust, focuses on investing in and managing residential mortgage related assets in the United States. The company has market cap of $5.52 billion. It operates through Servicing Related Assets, Residential Securities and Loans, and Other Investments divisions. It has a 5.81 P/E ratio. The firm invests in excess mortgage servicing rights on residential mortgage loans; and in servicer advances, including the basic fee component of the related MSRs.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.