On Monday, shares of New Residential Investment Corp. (NYSE:NRZ) marked $7.92 per share versus a previous $8.73 closing price. With having a -9.28% loss, an insight into the fundamental values of New Residential Investment Corp., investors would also find a great ally in the technical patterns of the stock movements showed in stock charts. NRZ showed a fall of -50.84% within its YTD performance, with highs and lows between $2.91 – $17.66 during the period of 52 weeks, compared to the simple moving average of -14.03% in the period of the last 200 days.
Compass Point equity researchers changed the status of New Residential Investment Corp. (NYSE: NRZ) shares to a “Buy” rating in the report published on October 20th, 2020. Other analysts, including Argus, also published their reports on NRZ shares. Argus repeated the rating from the previous report, marking NRZ under “Buy” rating, in the report published on July 27th, 2020. Additionally, NRZ shares got another “Overweight” rating from Piper Sandler, setting a target price of $9.50 on the company’s shares, according to the report published in July 16th, 2020. On the other hand, Argus Initiated the “Buy” rating for NRZ shares, as published in the report on December 31st, 2019. Compass Point seems to be going bullish on the price of NRZ shares, based on the price prediction for NRZ. Another “Neutral” rating came from Piper Jaffray, providing a prediction for price target according to the report published in November 14th, 2019.
[bold-text]New Residential Investment Corp. (NRZ) Analysis[/bold-text]
The present dividend yield for NRZ owners is set at 0.08, marking the return investors will get regardless of the company’s performance in the upcoming period. However, in order for the company to be able to pay its dividends, just like it is the case with New Residential Investment Corp., the company needs to provide a healthy cash flow, currently at the value of 0.97. In addition, the growth of sales from quarter to quarter is recording 17.50%, hinting the company’s progress in the upcoming progress.
In order to gain a clear insight on the performance of New Residential Investment Corp. (NRZ) as it may occur in the future, there are more than several well-rounded types of analysis and research techniques, while equity is most certainly one of the more important indicators into the company’s growth and performance. In this case, you want to make sure that the return on the present equity of -21.00% is enough for you to make a profit out of your investment. You may also count in the quick ratio of the company, currently set at so you would make sure that the company is able to cover the debts it may have, which can be easily seen in annual reports of the company.
Set to affect the volatility of a given stock, the average volume can also be a valuable indicator, while NRZ is currently recording an average of 4.37M in volumes. The volatility of the stock on monthly basis is set at 3.34%, while the weekly volatility levels are marked at 4.57%with -1.61% of loss in the last seven days. Additionally, long-term investors are predicting the target price of $10.25, indicating growth from the present price of $7.92, which can represent yet another valuable research and analysis points that can help you decide whether to invest in NRZ or pass.
[bold-text]What to Look for When Analyzing New Residential Investment Corp. Shares?[/bold-text]
New Residential Investment Corp. (NRZ) is based in the USA and it represents one of the well-known company operating with Real Estate sector. If you wish to compare NRZ shares with other companies under Electronic Equipment and Consumer Goods, a factor to note is the P/E value of for New Residential Investment Corp., while the value 5.44 can represent an indicator in the future growth of the company in terms of investor’s expectations. The later value should have a steady growth rate, increasing and growing gradually, which serves the purpose of reliably showcasing the progress of the company. The value -2.83 is supported by the yearly EPS growth of -52.10%.
Besides from looking into the fundamentals, you should also note the number of people inside the company owning the shares, as the values should be in line with the expectations of investors. In that spirit, the present ownership of stocks inside the company is set at 0.20%, which can provide you with an insight of how involved executives are in owning shares of the company. In oppose to the executives’ share, the institutional ownership counts 47.20% of shares, carrying an equal significance as an indicator of value, as the presence of large investors may signal a strong company.
[bold-text]Are Institutional Investors Increasing Stakes in NRZ Shares?[/bold-text]
It appears that more than several institutional investors and hedge funds decided to increase stakes in NRZ in the recent period. That is how Michigan Department of Treasury now has an increase position in NRZ by 0.00% in the first quarter, owning 8.4 million shares of NRZ stocks, with the value of $66.82 million after the purchase of an additional 0 shares during the last quarter. In the meanwhile, Fidelity Management & Research Co also increased their stake in NRZ shares changed 9.06% in the first quarter, which means that the company now owns 8.17 million shares of company, all valued at $64.96 million after the acquisition of additional 678,497 shares during the last quarter.
Arrowstreet Capital LP acquired a new position in New Residential Investment Corp. during the first quarter, with the value of $42.64 million, and Geode Capital Management LLC increased their stake in the company’s shares by 6.58% in the first quarter, now owning 309,358 shares valued at $39.82 million after the acquisition of the additional 5.01 million shares during the last quarter. In the end, Morgan Stanley & Co. LLC increased their position by 11.48% during the first quarter, now owning 4.32 million NRZ shares, now holding the value of $34.33 million in NRZ with the purchase of the additional 2,772,624 shares during the period of the last quarter. At the present, 47.20% of NRZ shares are in the ownership of institutional investors.