New Residential Investment Corp. (NYSE:NRZ) saw an upside of 1.00% to close Friday at $11.09 after adding $0.11 on the day. The 5-day average trading volume is 4,629,540 shares of the company’s common stock. It has gained $11.16 in the past week. An average of 4,838,010 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,717,102.
NRZ’s 1-month performance is 1.65% or $0.20 on its low of $10.64 reached on 10/06/21. The company’s shares have touched a 52-week low of $7.27 and high of $11.48, with the stock’s rally to the 52-week high happening on 03/31/21. YTD, NRZ has achieved 11.57% or $1.15. However, the current price is down -3.36%% from the 52-week high price.
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The company’s PE ratio for the last five years has touched a high of 21.37 and a low of 3.410. NRZ stock has a beta of 1.89. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.87 while the price-to-book (PB) in the most recent quarter is 0.96.
New Residential Investment Corp. pays an annual dividend of $1.00 per share. Its dividend yield is 9.02% and the payout ratio is 50.50%. NRZ paid $0.25 a share compared with prior rate of $0.20, up 20.0% from last year’s. The company has boosted its dividend for the last 2 consecutive years with the latest dividend increase of $0.05 reported on Monday August 23 2021. Measured over the last 3 years, the Dividend has been growing by -74.75% yearly.
It is projected that New Residential Investment Corp.’s next ex-dividend date will be on Corp’s. NRZ is expected to distribute $31-Dec as its next dividend.
As well, the company’s long term debt to equity for the quarter ending June 29 was 1.49, while the total debt to equity was 5.54. In terms of profitability, the gross margin trailing 12 months is 79.30%. while for the period ending June 29; New Residential Investment Corp.’s operating margin was 33.50%. The firm’s gross profit as reported stood at -$756.3 million against revenue of $547.5 million.
For the quarterly period ending June 29 this year, New Residential Investment Corp.’s cash and short-term investments amounted to $14.96 billion against total debt of $29.2 billion. Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected NRZ to announce $0.31 per share in earnings in its latest quarter, but it posted $0.31, representing a 0.00% surprise. EBITDA for the quarter stood at more than $246.58 million. NRZ stock balance sheet for the quarter ending June 29 shows that, with total debt at $29.2 billion. Shareholders hold equity totaling $466.58 million
Let’s look briefly at New Residential Investment Corp. (NRZ) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 October was 60.30% to suggest the stock is trending Neutral, with historical volatility in this time period at 14.41%.
The stock’s 5-day moving average is $10.94, reflecting a +1.46% or $0.16 change from its current price. NRZ is currently trading +2.31% above its 20-day SMA, +6.84% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +12.36% and +11.68% respectively.
Stochastic %K and %D was 53.92% and 41.31% and the average true range (ATR) pointed at 0.21. The RSI (14) points at 59.51%, while the 14-day stochastic is at 66.18% with the period’s ATR at 0.21. The stock’s 9-day MACD Oscillator is pointing at 0.05 and 0.00 on the 14-day charts.
Analysts offering their rating for NRZ stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate NRZ as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 10 have offered a “buy” rating.
What is NRZ’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $11.00 and a high of $13.00, with their median price target at $13.00. Looking at these predictions, the average price target given by analysts is for New Residential Investment Corp. (NRZ) stock is $12.65.