New Residential Investment Corp. (NRZ) Stock Price Hits 52-Week High Today

June 20, 2018 - By Darrin Black

Investors sentiment increased to 1.97 in Q1 2018. Its up 0.66, from 1.31 in 2017Q4. It improved, as 20 investors sold New Residential Investment Corp. shares while 57 reduced holdings. 44 funds opened positions while 108 raised stakes. 152.50 million shares or 9.96% more from 138.68 million shares in 2017Q4 were reported.
Guggenheim Limited Co reported 791,482 shares. Principal Fincl Grp Inc Inc Inc stated it has 0.02% in New Residential Investment Corp. (NYSE:NRZ). Renaissance Technology Lc reported 0.03% of its portfolio in New Residential Investment Corp. (NYSE:NRZ). The New York-based Edge Wealth Management Limited Liability Company has invested 0.04% in New Residential Investment Corp. (NYSE:NRZ). Glenmede Tru Na holds 0% or 231 shares. Citadel reported 477,147 shares. Legal And General Public Ltd Com invested in 265,376 shares or 0% of the stock. West Family Invs Inc owns 19,646 shares. First Manhattan Company reported 0% in New Residential Investment Corp. (NYSE:NRZ). Amer Interest Group owns 6,949 shares or 0% of their US portfolio. Netherlands-based Robeco Institutional Asset Bv has invested 0% in New Residential Investment Corp. (NYSE:NRZ). 111,314 were reported by Lpl Fincl. 330,215 were accumulated by Aviance. Monetary Grp reported 0.28% of its portfolio in New Residential Investment Corp. (NYSE:NRZ). Highvista Strategies Limited Company has invested 0.1% of its portfolio in New Residential Investment Corp. (NYSE:NRZ).

The stock of New Residential Investment Corp. (NYSE:NRZ) hit a new 52-week high and has $19.24 target or 3.00 % above today’s $18.68 share price. The 5 months bullish chart indicates low risk for the $6.28 billion company. The 1-year high was reported on Jun, 20 by Barchart.com. If the $19.24 price target is reached, the company will be worth $188.43 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.73% or $0.14 during the last trading session, reaching $18.68. About 2.48M shares traded or 8.93% up from the average. New Residential Investment Corp. (NYSE:NRZ) has risen 9.56% since June 20, 2017 and is uptrending. It has underperformed by 3.01% the S&P500.

Analysts await New Residential Investment Corp. (NYSE:NRZ) to report earnings on July, 30. They expect $0.57 earnings per share, down 44.66 % or $0.46 from last year’s $1.03 per share. NRZ’s profit will be $191.66 million for 8.19 P/E if the $0.57 EPS becomes a reality. After $0.58 actual earnings per share reported by New Residential Investment Corp. for the previous quarter, Wall Street now forecasts -1.72 % negative EPS growth.

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

Among 2 analysts covering New Residential Inv (NYSE:NRZ), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. New Residential Inv had 2 analyst reports since January 18, 2018 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, February 13 by FBR Capital. The stock has “Outperform” rating by Wedbush on Thursday, January 18.

More recent New Residential Investment Corp. (NYSE:NRZ) news were published by: Gurufocus.com which released: “Cheap Stocks in a Cheap Sector” on June 13, 2018. Also Seekingalpha.com published the news titled: “Boston Scientific Is A Good Earnings Story – Cramer’s Lightning Round (6/13/18)” on June 14, 2018. Seekingalpha.com‘s news article titled: “Solid mREIT Buy: 11.1% Yielder, Well Positioned For Rising Rates, Increasing Book Value, Poised To Break Out” with publication date: May 25, 2018 was also an interesting one.

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 $6.28 billion. It operates through Servicing Related Assets, Residential Securities and Loans, and Other Investments divisions. It has a 4.09 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.

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

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