New Residential Investment: How High Can It Fly?

New Residential Investment: How High Can It Fly?

New Residential Investment: How High Can It Fly?

The overall volume in the last trading session was 3.81 million shares, versus the average volume of 3.36 million shares.

09/09/2016 - New Residential Investment Corp. had its " rating reiterated by analysts at Piper Jaffray. It focuses on investing in, and actively managing, investments related to residential real estate. The Company primarily target investments in excess mortgage servicing rights, residential mortgage backed securities, residential mortgage loans and other related investments.

NRZ has been the topic of several recent research reports.

Currently, the market capitalization of New Residential Investment Corp.

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. Finally, Compass Point upgraded New Residential Investment Corp from a neutral rating to a buy rating in a report on Tuesday, January 31st.

According to the latest research reports released, 5 analysts have issued a rating of "buy", 4 analysts "outperform", 1 analysts "hold", 0 analysts "underperform" and 0 analysts "sell". This is the price at which the trader or investor wants to exit his existing position so he can realize the most reward.

New Residential Investment Corp (NYSE:NRZ) traded down 10.42% during mid-day trading on Wednesday, reaching $15.90. 20,461,876 shares of the company's stock were exchanged.

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). The firm's 50 day moving average price is $16.96 and its 200 day moving average price is $15.67.

Currently, the stock carries a price to earnings ratio of 0, a price to book ratio of 1.34, and a price to sales ratio of 0.09. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.07.

The company's net profit margin stands at 16.10% whereas its return on equity (ROE) is -950.70%. The company had revenue of $231.81 million for the quarter, compared to analyst estimates of $158.30 million. In contrast to the year ago quarter EPS was at 0.51.

COPYRIGHT VIOLATION NOTICE: This article was first reported by Markets Daily and is owned by of Markets Daily. If you are reading this article on another site, it was illegally stolen and reposted in violation of US and worldwide copyright legislation. The shares have been given a mean Buy rating keeping in view the consensus of 10 Analysts.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 28th. Shareholders of record on Monday, March 27th will be issued a dividend of $0.48 per share.

12/23/2015 - JMP Securities began new coverage on New Residential Investment Corp. giving the company a " rating. The ex-dividend date of this dividend is Thursday, March 23rd. SeaBridge Investment Advisors LLC owned 0.07% of New Residential Investment Corp as of its most recent SEC filing. The Company's other investments consist of consumer loans. Following the purchase, the chief executive officer now owns 935,352 shares in the company, valued at approximately $14,030,280.

Hedge funds have recently bought and sold shares of the company. New Residential Investment Corp's dividend payout ratio (DPR) is now 112.20%. Finally, Teachers Advisors LLC boosted its stake in shares of New Residential Investment Corp by 326.1% in the fourth quarter. Volume on the day was 1.5 million shares.

And this raises the question: How high can New Residential Investment go? I am largely investing in dividend paying stocks, but also venture out occasionally and cover special situations that offer appealing reward-to-risk ratios and have potential for significant capital appreciation.