New Residential Investment Corp. (NYSE: NRZ) is -4.02% lower on its value in year-to-date trading and has touched a low of $2.91 and a high of $17.66 in the current 52-week trading range. The NRZ stock was last observed hovering at around $9.65 in the last trading session, with the day’s loss setting it -0.11% off its average median price target of $11.00 for the next 12 months. It is also 29.33% off the consensus price target high of $13.50 offered by 13 analysts, but current levels are -0.42% lower than the price target low of $9.50 for the same period.
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Currently trading at $9.54, the stock is -2.30% and 4.28% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.27 million and changing -1.14% at the moment leaves the stock 23.94% off its SMA200. NRZ registered -41.86% loss for a year compared to 6-month gain of 42.39%. The firm has a 50-day simple moving average (SMA 50) of $9.70 and a 200-day simple moving average (SMA200) of $8.29.
The stock witnessed a 0.32% loss in the last 1 month and extending the period to 3 months gives it a 15.08%, and is 0.63% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.38% over the week and 2.77% over the month.
New Residential Investment Corp. (NRZ) has around 5102 employees, a market worth around $3.98B and $807.90M in sales. Fwd P/E is 6.41. Distance from 52-week low is 227.84% and -45.98% from its 52-week high. The company has generated returns on investments over the last 12 months (1.40%).
New Residential Investment Corp. (NRZ) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for New Residential Investment Corp. (NRZ) is a “Buy”. 13 analysts offering their recommendations for the stock have an average rating of 1.60, where 0 rate it as a Hold and 1 think it is a “Overweight”. 12 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
New Residential Investment Corp. is expected to release its quarterly report on 05/05/2021 and quarterly earnings per share for the current quarter are estimated at $0.33 with sales reaching $234.15M over the same period.The EPS is expected to shrink by -52.10% this year, but quarterly earnings will post 32.20% year-over-year. Quarterly sales are estimated to grow 8.40% in year-over-year returns.
New Residential Investment Corp. (NRZ) Top Institutional Holders
427 institutions hold shares in New Residential Investment Corp. (NRZ), with 1.89M shares held by insiders accounting for 0.45% while institutional investors hold 49.34% of the company’s shares. The shares outstanding are 415.75M, and float is at 413.81M with Short Float at 1.85%. Institutions hold 49.12% of the Float.
The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 35.45 million shares valued at $281.85 million. The investor’s holdings represent 8.53% of the NRZ Shares outstanding. As of Sep 29, 2020, the second largest holder is Blackrock Inc. with 24.8 million shares valued at $197.18 million to account for 5.97% of the shares outstanding. The other top investors are Nan Shan Life Insurance Co., Ltd. which holds 16.42 million shares representing 3.95% and valued at over $130.56 million, while FMR, LLC holds 3.50% of the shares totaling 14.55 million with a market value of $115.66 million.
New Residential Investment Corp. (NRZ) Insider Activity
A total of 6 insider transactions have happened at New Residential Investment Corp. (NRZ) in the last six months, with sales accounting for 0 and purchases happening 6 times. The most recent transaction is an insider purchase by Tyson Alan L., the company’s Director. SEC filings show that Tyson Alan L. bought 10,000 shares of the company’s common stock on Jul 27 at a price of $7.72 per share for a total of $77184.0. Following the purchase, the insider now owns 0.15 million shares.
New Residential Investment Corp. disclosed in a document filed with the SEC on May 29 that Sloves Andrew (Director) bought a total of 3,600 shares of the company’s common stock. The trade occurred on May 29 and was made at $7.29 per share for $26252.0. Following the transaction, the insider now directly holds 3700.0 shares of the NRZ stock.
Still, SEC filings show that on Mar 19, Sloves Andrew (Director) acquired 10,000 shares at an average price of $6.03 for $60273.0. The insider now directly holds 62,743 shares of New Residential Investment Corp. (NRZ).
New Residential Investment Corp. (NRZ): Who are the competitors?
The company’s main competitors (and peers) include Realty Income Corporation (O) that is trading -19.42% down over the past 12 months. New York Mortgage Trust Inc. (NYMT) is -41.37% down on the 1-year trading charts. Short interest in the company’s stock has fallen -46.73% from the last report on Nov 12, 2020 to stand at a total of 11.21 million short shares sold with a short interest ratio of 1.75.