Analyst's Discussions: New Residential Investment Corp.'s (NRZ)

Analyst's Discussions: New Residential Investment Corp.'s (NRZ)

New Residential Investment Corp. Aperio Group LLC now owns 37,125 shares of the real estate investment trust's stock valued at $513,000 after buying an additional 1,206 shares during the last quarter.

05/18/2016 - New Residential Investment Corp. was downgraded to "neutral" by analysts at Compass Point. The Company invests in agency RMBS and non-agency RMBS. Additionally, JMP Securities Initiated its ratings on the stock to Mkt Outperform.

And this raises the question: How high can New Residential Investment go?

Over the short haul, a lot higher in my opinion, and that's largely due to the fact that the mortgage investment company is still undervalued. Stock rose 36.16% over the trailing 6 months. (NYSE:NRZ) was up +0.06% during the last trading session, with a day high of 17.86. (NYSE:NRZ) was trading at volume less than average, prior 52-week high was $17.72 and surged 68.74% over the same period, trading at a volume of 3.05 million. (NRZ)'s distance from 200 day simple moving average is 13.82 percent, its distance from 50 day simple moving average is -0.72 percent, while its distance from 20 day simple moving average is -4.09 percent. The market capitalization of the company is at $5.46 Billion. New Residential Investment Corp has a 12-month low of $11.87 and a 12-month high of $17.78. The real estate investment trust reported $0.62 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.55 by $0.07. The Return on Investment (ROI) is at 3.5% while it's Return on Equity (ROE) value stands at 16.8%. The firm earned $231.81 million during the quarter, compared to analysts' expectations of $158.30 million. In contrast to the year ago quarter EPS was at 0.51.

01/31/2017 - New Residential Investment Corp. had its " rating reiterated by analysts at Keefe, Bruyette & Woods.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 28th. Stockholders of record on Monday, March 27th will be given a $0.48 dividend.

The stock now has its Annual Dividend of $1.92 and an annual Dividend Yield of 10.85 Percent. The ex-dividend date of this dividend is Thursday, March 23rd.

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04/20/2015 - Bank of America Merrill Lynch began new coverage on New Residential Investment Corp. giving the company a "buy" rating.

COPYRIGHT VIOLATION NOTICE: This article was first reported by Markets Daily and is owned by of Markets Daily. Finally, Teachers Advisors LLC boosted its stake in shares of New Residential Investment Corp by 326.1% in the fourth quarter.

Several brokerages have recently issued reports on NRZ.

Stock is now moving with a positive distance from the 200 day simple moving average of approximately 23.64%, and has a solid year to date (YTD) performance of 15.85% which means the stock is constantly adding to its value from the previous fiscal year end price. Zacks Investment Research raised New Residential Investment Corp from a "hold" rating to a "buy" rating and set a $19.00 price objective on the stock in a report on Wednesday, April 5th. The overall volume in the last trading session was 3.81 million shares, versus the average volume of 3.36 million shares.

At the beginning of the year I have singled out New Residential Investment Corp.as my "top income pick for 2017". The recommendation scale measures the value from 1 to 5, where 1 means "Strong Buy" and 5 stands for "Sell".

Sometimes, we can understand most about a stock by simply looking at how it has been trading. (NRZ) has been given an average price target of $17 from analysts, according to data collected by Finviz. Park National Corp OH now owns 15,000 shares of the real estate investment trust's stock valued at $255,000 after buying an additional 5,000 shares during the period. Following the acquisition, the chief executive officer now owns 935,352 shares of the company's stock, valued at $14,030,280. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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