The New Residential Investment Corp. (NRZ) Receiving Favorable Media Coverage, AlphaOne Reports

Marco Green
June 24, 2017

New Residential Investment Corp. now has an average rating of "Buy" and a consensus target price of $16.84. Ratings and estimates change daily and thus the numbers may differ slightly if a new report has been issued within the last 24-hours. According to these analysts, the Low Revenue Estimate for New Residential Investment 127.96 Million and the High Revenue Estimate is 290.9 Million. Bank of America Corp DE boosted its stake in shares of New Residential Investment 9.3% in the first quarter. The company was initiated on Wednesday, October 26 by Nomura.

This stock is ahead of its 52-week low with +27.42%. BlackRock Inc. now owns 26,571,141 shares of the real estate investment trust's stock worth $451,177,000 after buying an additional 26,504,822 shares during the period.

Some buy side analysts are also providing their Analysis on New Residential Investment Corp., where 4 analysts have rated the stock as Strong buy, 4 analysts have given a Buy signal, 1 said it's a HOLD, 0 reported it as Underperform and 0 analysts rated the stock as Sell. The firm earned "Neutral" rating on Wednesday, May 18 by Compass Point.

Zacks offers analysts with an Average Broker Rating (or ABR), basing it on sell-side recommendations. Vnbtrust National Association stated it has 39,850 shares. About 21,855 shares traded. Horizon Bancorp now has $570.88 million valuation.

Multiple company employees have indulged in significant insider trading. KCG Holdings, Inc. Class A (KCG) has risen 50.08% since June 22, 2016 and is uptrending. It has outperformed by 16.77% the S&P500.

New Residential Investment Corp. had a return on equity of 15.48% and a net margin of 43.60%. This company shares are 2.39% off its target price of $17.17 and the current market capitalization stands at $5.14B. The Firm focuses on investing in, and managing, investments related to residential real estate. NRZ's profit will be $153.21M for 7.65 P/E if the $0.54 EPS becomes a reality. Renaissance Technologies LLC now owns 707,700 shares of the real estate investment trust's stock valued at $10,792,000 after buying an additional 256,475 shares in the last quarter.

Since March 3, 2017, it had 2 buys, and 0 sales for $431,758 activity. Vetr upgraded shares of New Residential Investment Corp. from a "hold" rating to a "buy" rating and set a $17.92 target price for the company in a research note on Thursday, April 20th. Kaufman Ian had sold 1,421 shares worth $85,914 on Tuesday, February 7. It has outperformed by 33.38% the S&P500.

Investors sentiment increased to 0.87 in Q4 2016. Its down 0.48, from 1.6 in 2016Q3. 131.23 million shares or 2.53% less from 134.65 million shares in 2016Q3 were reported. Keefe, Bruyette & Woods set a $17.00 target price on shares of New Residential Investment Corp. and gave the stock a "buy" rating in a research note on Tuesday, June 6th. Also, it has an estimated price-earnings (P/E) multiple of 14.89 and a trailing 12-month price-earnings (P/E) multiple of 20.84. The analysts estimated EPS for the higher end at 0.58 and lower end at 0.51 while the year ago reported earnings per share was 0.51. Strs Ohio invested in 0.01% or 74,700 shares. The stock traded at a volume of 4.08 million shares.

Ohio-based Strs Ohio has invested 0.01% in New Residential Investment Corp (NYSE:NRZ). It also reduced Mcdonalds Corp (NYSE:MCD) stake by 10,545 shares and now owns 4,942 shares. Citadel Advisors Limited Liability Com has invested 0% in Altisource Residential Corp (NYSE:RESI). Finally, Wellington Management Group LLP acquired a new stake in shares of New Residential Investment Corp. during the first quarter valued at $59,515,000. Next Financial Grp Incorporated holds 0% or 5 shares in its portfolio. Nierenberg Michael bought $279,000 worth of New Residential Investment Corp (NYSE:NRZ) on Friday, February 3. Chemical Bancshares owns 10,109 shares or 0.07% of their USA portfolio. This increase is typical for the uptrend and shows the considerable optimism among investors. 119 funds opened positions while 170 raised stakes. Doheny Asset Mngmt Ca accumulated 445,896 shares. (NASDAQ:KEYW) to report earnings on August, 8. California State Teachers Retirement System reported 0% of its portfolio in Horizon Bancorp (NASDAQ:HBNC). Wells Fargo upgraded KCG Holdings, Inc. Manufacturers Life Ins The holds 0.03% or 849,724 shares in its portfolio. Brown Brothers Harriman & owns 2,518 shares. Goodwin Daniel L invested 0.65% of its portfolio in Equity Residential (NYSE:EQR).

Athena Global Investors Llc holds 3.52% of its portfolio in KEYW Holding Corp. for 122,842 shares. 1 analyst said Hold signal for the stock. 425,722 were accumulated by Jpmorgan Chase & Company. Chevron Corporation (NYSE:CVX) was reduced too.

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