ibusinesslines.com June 29, 2017

New Residential Investment Corp. (NRZ) has a 52-week low of $10.49

21 April 2017, 06:02 | Kelvin Horton

Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data. Looking at this figure it suggests that the shares of New Residential Investment Corp. BlackRock Inc. boosted its stake in shares of New Residential Investment Corp by 1.5% in the third quarter. Edge Wealth Management LLC boosted its stake in shares of New Residential Investment Corp by 64.4% in the first quarter. Bank of Montreal Can boosted its position in shares of New Residential Investment Corp by 433.8% in the third quarter. 3052419 shares were traded on New Residential Investment Corp.'s last session. The Company's other investments consist of consumer loans. The fund owned 45,063 shares of the real estate investment trust's stock after buying an additional 17,650 shares during the period.

Shares of New Residential Investment Corp (NYSE:NRZ) traded up 0.23% during mid-day trading on Tuesday, reaching $17.74. The stock exchanged hands with 3.19 million shares contrast to its average daily volume of 2.13 million shares. The stock's price moved up its 200-day moving average of $15.70. (NRZ) is 5.44 Billion.

Fast forward a couple of months and New Residential Investment's shares are still far from being expensive: Investors today pay ~7x Q4-16 run-rate core earnings (the multiple is low partially because of New Residential's very high core earnings of $0.62/share in the 4th quarter). Finally, GSA Capital Partners LLP boosted its stake in shares of New Residential Investment Corp by 11.5% in the fourth quarter. The return on equity ratio or ROE stands at 16.8 percent while most common profitability ratio return on investment (ROI) was 3.5 percent. The company had revenue of $231.81 million for the quarter, compared to analyst estimates of $158.30 million. (NRZ) reported its Actual EPS of $0.62/share. Equities analysts anticipate that New Residential Investment Corp will post $2.11 EPS for the current year. Stockholders of record on Monday, March 27th will be paid a dividend of $0.48 per share. The ex-dividend date is Thursday, March 23rd. This is an increase from New Residential Investment Corp's previous quarterly dividend of $0.46. At present, 0 analysts call it Sell, while 1 think it is Hold. Edge Wealth Management LLC's holdings in New Residential Investment Corp were worth $766,000 at the end of the most recent reporting period. They now have a United States dollars 17.5 price target on the stock. Compass Point raised shares of New Residential Investment Corp from a "neutral" rating to a "buy" rating in a research note on Tuesday, January 31st.

01/19/2016 - New Residential Investment Corp. had its " rating reiterated by analysts at Barclays. The company's stock had a trading volume of 3,052,419 shares. The analysts offering Earnings Estimates for the company were believing that New Residential Investment Corp.

4 number of analysts have estimated the sales of the company for the quarter ending May 2, 2017- May 8, 2017, analysts estimated mean sale target of 170.8 million while high and low sale targets are estimated at 196.4 million and 135.29 million respectively. The company now has a consensus rating of "Buy" and a consensus price target of $16.71. The company has PEG ratio of 13.54 and price to cash ratio of 18.72. Following the acquisition, the chief executive officer now owns 935,352 shares of the company's stock, valued at $14,030,280. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. I have no business relationship with any company whose stock is mentioned in this article. The forecast of 9 surveyed investment analysts covering the stock advises investors to Buy stake in the company. The Company's segments include investments in excess mortgage servicing rights (Excess MSRs); investments in mortgage servicing rights (MSRs); investments in servicer advances; investments in real estate securities; investments in residential mortgage loans; investments in consumer loans, and corporate.

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