An New Residential Investment Corp. (NRZ) Chairman, CEO & President Buys 100000.0 Shares

New Residential Investment Corp. (NYSE:NRZ) traded with a subtraction of -$0.05 to $10.82 on Wednesday, a downside of -0.46 percent. An average of 4,728,799 shares of common stock have been traded in the last five days. There was a fall of -$0.29 in the past week. The last 20 days have seen an average of 4,579,060 shares traded, while the 50-day average volume stands at 4,815,064.

NRZ stock has decreased by -1.09% in the last month. The company shares reached their 1-month lowest point of $10.64 on 10/06/21. With the stock rallying to its 52-week high on 03/31/21, shares of the company touched a low of $7.27 and a high of $11.48 in 52 weeks. In spite of this, the price is down -5.71% from the 52-week high.


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Valuation Metrics

New Residential Investment Corp. (NRZ) has a trailing price-to-earnings (P/E) ratio of 8.65, which compares with the 21.25 for the broader industry and 36.88 for the sector. This means investors are optimistic about the stock’s future prospects. In the last five years, New Residential Investment Corp.’s PE ratio has ranged between 21.37 and 3.410. The stock’s beta is 1.87. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.86, the price-to-book (PB) ratio at 0.94.

Financial Health

Further, the company has a long term debt to equity ratio of 1.49 and a total debt to equity ratio of 5.54 for the quarter ending June 29. Its gross profit as reported stood at -$756.3 million compared to revenue of $547.5 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, New Residential Investment Corp.’s return on assets was 1.60%, compared to 1.8% over the last five years. Meanwhile, the return on equity (ROE) for the past 12 months has been 11.50% and the 5-year average holds at 8.3%. For the broader industry, ROE averaged 7.37 over the past year.

Earnings Surprise

For the three-month period that ended June 29, New Residential Investment Corp. had $14.96 billion in cash. The analyst consensus anticipated New Residential Investment Corp.’s latest quarter earnings to come in at $0.31 per share, but it turned out to be $0.31, a 0.00% surprise. For the quarter, EBITDA amounted to $246.58 million. At the end of the quarter ending June 29, New Residential Investment Corp.’s stock balance sheet showed total debt was $29.2 billion. Shareholders own equity worth $466.58 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at New Residential Investment Corp. (NRZ) price momentum. RSI 9-day as of the close on 05 October was 38.24%, suggesting the stock is Neutral, with historical volatility in this time frame at 14.67%.

As of today, NRZ’s price is $10.87 -2.65% or -$0.29 from its 5-day moving average. NRZ is currently trading -1.49% lower than its 20-day SMA and +3.75% higher than its 100-day SMA. However, the stock’s current price level is +13.64% above the SMA50 and +7.82% above the SMA200.

The stochastic %K and %D were 18.51% and 26.02%, respectively, and the average true range (ATR) was 0.21. With the 14-day stochastic at 12.90% and the average true range at 0.21, the RSI (14) stands at 46.25%. The stock has reached -0.16 on the 9-day MACD Oscillator while the 14-day reading was at -0.17.

Analyst Ratings

The consensus rating for New Residential Investment Corp. (NRZ) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell NRZ, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 10 others rate it as a “buy”.

What is NRZ’s price target for the next 12 months?

Analysts predict a range of price targets between $11.00 and $13.00, with a median target of $13.00. Taking a look at these predictions, the average price target given by analysts for New Residential Investment Corp. (NRZ) stock is $12.65.

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