Does $16.11 justifies New Residential Investment Corp. (NRZ) shares?

Ivan Schwartz
May 31, 2017

During the latest trading session Plug Power Inc. It has outperformed by 5.34% the S&P500. Acrospire Investment Management LLC raised its stake in shares of New Residential Investment Corp by 94.3% in the first quarter. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $0.53. Penserra Capital Management LLC now owns 7,038 shares of the real estate investment trust's stock worth $119,000 after buying an additional 2,975 shares in the last quarter. Blackrock Inc. owns $439.75 million in New Residential Investment Corp., which represents roughly 8.9% of the company's market cap and approximately 15.61% of the institutional ownership.

The stock decreased 2.66% or $0.44 during the last trading session, reaching $16.11.

Let's have a look at some of the important valuation ratios of the New Residential Investment Corp. It has outperformed by 5.34% the S&P500. On Friday, February 3 the insider Nierenberg Michael bought $279,000. (NRZ) reported sales (ttm) of 1.36 Billion, whereas, 4 number of analysts estimated the mean sale of 174.12 million. During the same quarter in the previous year, the firm earned $0.49 earnings per share. Fast forward to 5/31/2012 and each share was worth $77.79 on that date, a loss of $0.48 or 0.6% decrease over twelve years. New Residential Investment Corp has a 1-year low of $12.58 and a 1-year high of $17.86. Therefore 71% are positive. On average, equities analysts expect that New Residential Investment Corp will post $2.12 EPS for the current year. The firm earned "Neutral" rating on Wednesday, May 18 by Compass Point. The firm earned "Overweight" rating on Wednesday, August 10 by Barclays Capital. The rating was reinitiated by Piper Jaffray on Friday, September 9 with "Overweight". New Residential Investment Corp. has far performed well this year, with the share price up 2.48% since January. The rating was initiated by Wedbush on Thursday, October 6 with "Outperform". It fall, as 24 investors sold New Residential Investment Corp shares while 69 reduced holdings. FBR & Co. analysts stated on 22/02/2017 that they maintained their Outperform rating.

Investors sentiment decreased to 1.12 in 2016 Q4. Its down 0.48, from 1.6 in 2016Q3. It is positive, as 11 investors sold Investors Real Estate Trust shares while 41 reduced holdings. 33 funds opened positions while 71 raised stakes. As of April 28th, there was short interest totalling 5,760,283 shares, an increase of 61.6% from the April 13th total of 3,564,554 shares. Wells Fargo Mn stated it has 890,309 shares. Pnc Financial Services Group owns 11,150 shares or 0% of their United States portfolio. Clarivest Asset Llc stated it has 0.1% in New Residential Investment Corp (NYSE:NRZ). Capital Fund Sa owns 416,942 shares for 0.06% of their portfolio. First Tru Advsr LP has 105,803 shares. Moreover, Alliancebernstein Limited Partnership has 0.02% invested in New Residential Investment Corp (NYSE:NRZ). Aperio Grp Lc reported 39,935 shares. Pnc Fincl Group Inc Inc accumulated 400 shares.

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New Residential Investment a real estate investment trust. Rfg Advisory Gru Ltd Liability Company has invested 0.16% of its portfolio in New Residential Investment Corp (NYSE:NRZ). Edge Wealth Limited Liability reported 0.16% in New Residential Investment Corp (NYSE:NRZ). Shares for $2.25M were sold by LEBOW BENNETT S.

Orinda Asset Management Llc increased Gladstone Coml Corp (NASDAQ:GOOD) stake by 70,290 shares to 100,177 valued at $2.01 million in 2016Q4. It also upped Wheeler Real Estate Invt Tr stake by 93,500 shares and now owns 321,100 shares. Kennedy (NYSE:KW) was raised too.

Since February 9, 2017, it had 0 buys, and 3 selling transactions for $13.33 million activity. Shares for $124,400 were sold by Kirwan Jeff. Da Davidson & owns 1,050 shares. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. The Gap Inc. had 122 analyst reports since August 5, 2015 according to SRatingsIntel. The rating was maintained by Wunderlich with "Buy" on Tuesday, September 1. Janney Capital downgraded the stock to "Neutral" rating in Monday, December 12 report. As per Friday, July 1, the company rating was maintained by Wunderlich. The third largest holder is State Street Corp, which now holds $97.87 million worth of this stock and that ownership represents almost 1.98% of its market capitalization. The firm has "Overweight" rating by Piper Jaffray given on Monday, October 19.

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