Short interest in New Residential Investment Corp. (NYSE:NRZ) up 27.9%

New Residential Investment Corp. (NYSE:NRZ – Get Rating ) was the target of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 10,030,000 shares, up 27.9% from May 31st’s total of 7,840,000 shares. Approximately 2.5% of the company’s shares are sold short. Based on an average trading volume of 6,690,000 shares, the days to cover ratio is currently 1.5 days.

A number of equities analysts recently issued reports on NRZ shares. StockNews.com raised shares of New Residential Investment from a “hold” rating to a “buy” rating in a report on Monday, May 9th. Raymond James upped their target price on shares of New Residential Investment from $13.00 to $13.50 and gave the company an “outperform” rating in a report on Tuesday, March 29th. Finally, Piper Sandler lowered shares of New Residential Investment from a “neutral” rating to an “underweight” rating and cut their target price for the company from $12.00 to $10.00 in a report on Monday, June 13th. One investment analyst has rated the stock with a sell rating and seven have given a buy rating to the company’s stock. New Residential Investment has a consensus rating of “Moderate Buy” and a consensus target price of $12.20, according to MarketBeat.com .

(Ad)

Whether you’re looking to learn the basics of futures or you’re a seasoned veteran looking to brush up on your trading skills, our Guide to Technical Analysis has everything you need to succeed in today’s futures markets!

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of New Residential Investment by 0.8% during the first quarter. Vanguard Group Inc. now owns 42,301,286 shares of the real estate investment trust’s stock valued at $464,468,000 after purchasing an additional 321,279 shares in the last quarter. State Street Corp boosted its stake in shares of New Residential Investment by 6.9% in the first quarter. State Street Corp now owns 7,614,852 shares of the real estate investment trust’s stock valued at $83,611,000 after purchasing an additional 489,211 shares in the last quarter. LSV Asset Management boosted its stake in shares of New Residential Investment by 11.3% in the first quarter. LSV Asset Management now owns 6,507,272 shares of the real estate investment trust’s stock valued at $71,450,000 after buying an additional 660,211 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of New Residential Investment by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 6,130,295 shares of the real estate investment trust’s stock valued at $65,655,000 after buying an additional 219,821 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of New Residential Investment by 43.7% in the 4th quarter. Bank of America Corp DE now owns 5,520,123 shares of the real estate investment trust’s stock valued at $59,121,000 after purchasing an additional 1,679,722 shares in the last quarter. Hedge funds and other institutional investors own 46.48% of the company’s shares.

Shares of New Residential Investment stock opened at $9.55 on Monday. The firm has a market cap of $4.46 billion, a PE ratio of 4.23 and a beta of 1.67. The company has a debt-to-equity ratio of 0.09, a quick earnings ratio of 0.44, and a current ratio of 0.44. The firm’s 50-day moving average is $10.45, and its 200-day moving average is $10.57. New Home Investment has a twelve month low of $8.18 and a twelve month high of $11.81.

New Residential Investment (NYSE:NRZ – Get Rating ) last posted its quarterly earnings data on Tuesday, May 3rd. The real estate investment trust reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.02. New Residential Investment had a net margin of 28.82% and a return on equity of 13.84%. During the same period last year, the firm reported $0.34 EPS. equities analysts expect that New Housing Investment will post 1.21 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 29th. Shareholders of record on Friday, July 1st will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, June 30th. This represents a $1.00 annual dividend and a yield of 10.47%. New Residential Investment’s dividend payout ratio is currently 44.25%.

New housing investment company profile (Get Rating)

New Residential Investment Corp. operates as a real estate investment trust in the United States. It operates through origination, servicing, MSR-related investments, residential securities, real estate and loans, consumer loans, mortgage loans and corporate segments. The company invests in mortgage servicing rights, mortgage origination and servicing companies, residential mortgage-backed securities, real estate and loans, consumer loans and other opportunistic investments.

Read more

This instant news alert is generated by narrative science technology and financial data from MarketBeat to provide readers with the fastest and most accurate reporting. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $1,000 in a new home investment right now?

Before you consider a new home investment, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients daily. MarketBeat identified the five stocks top analysts are quietly whispering to their clients to buy now before the broader market takes a nosedive … and New Residential Investment wasn’t on the list.

While New Residential Investment currently has a Moderate Buy rating among analysts, the top rated analysts consider these five stocks to be better buys.

See the 5 stocks here

Leave a Comment

Your email address will not be published.