Traders Sell Shares of New Residential Investment Corp. (NRZ) on Strength (NRZ)
Investors sold shares of New Residential Investment Corp. (NYSE:NRZ) on strength during trading on Thursday. $4.95 million flowed into the stock on the tick-up and $23.78 million flowed out of the stock on the tick-down, for a money net flow of $18.83 million out of the stock. Of all stocks tracked, New Residential Investment Corp. had the 0th highest net out-flow for the day. New Residential Investment Corp. traded up $0.10 for the day and closed at $14.35
A number of equities research analysts have commented on the stock. Barclays PLC increased their price objective on shares of New Residential Investment Corp. from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Wednesday, August 10th. Zacks Investment Research raised shares of New Residential Investment Corp. from a “sell” rating to a “hold” rating in a report on Thursday, August 11th. Credit Suisse Group AG set a $17.00 price objective on shares of New Residential Investment Corp. and gave the stock a “buy” rating in a report on Monday, August 8th. Vetr raised shares of New Residential Investment Corp. from a “buy” rating to a “strong-buy” rating and set a $15.40 price objective on the stock in a report on Monday, June 13th. Finally, Sterne Agee CRT reissued a “buy” rating on shares of New Residential Investment Corp. in a report on Monday, May 16th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. New Residential Investment Corp. has a consensus rating of “Buy” and a consensus price target of $15.36.
The firm has a market cap of $3.33 billion and a P/E ratio of 9.88. The stock’s 50-day moving average is $13.91 and its 200 day moving average is $12.79.
New Residential Investment Corp. (NYSE:NRZ) last posted its earnings results on Tuesday, August 2nd. The real estate investment trust reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.02. During the same period in the prior year, the business posted $0.45 EPS. The firm had revenue of $137.43 million for the quarter, compared to analyst estimates of $161 million. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, equities research analysts expect that New Residential Investment Corp. will post $1.72 earnings per share for the current fiscal year.
An institutional investor recently raised its position in New Residential Investment Corp. stock. Ameriprise Financial Inc. increased its position in shares of New Residential Investment Corp. (NYSE:NRZ) by 19.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 119,685 shares of the real estate investment trust’s stock after buying an additional 19,237 shares during the period. Ameriprise Financial Inc. owned about 0.05% of New Residential Investment Corp. worth $1,456,000 as of its most recent SEC filing.
New Residential Investment Corp. (New Residential) is a publicly traded real estate investment trust. The Company is focused on investing and managing residential real estate investments. Its portfolio consists of servicing related assets, residential securities and loans and other investments. Its business segments include: Excess Mortgage Servicing Rights (Excess MSRs), Servicer Advances, Real Estate Securities, Real Estate Loans, Consumer Loans and Corporate.
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