New Residential Investment Corp. [NRZ] is 12.58% higher this YTD. Is it still time to buy?



New Residential Investment Corp. [NYSE: NRZ] closed the trading session at $11.19 on 11/23/21. The day’s price range saw the stock hit a low of $11.07, while the highest price level was $11.2553. The company report on November 2, 2021 that New Residential Investment Corp. Appoints Patrice M. Le Melle to Board of Directors.

Addition of Patrice M. Le Melle to the Board of Directors adds further depth to the Board’s government, corporate governance, and data & privacy experience.

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Ms. Le Melle will be a member of the Board’s Nominating and Corporate Governance Committee.

The stocks have a year to date performance of 12.58 percent and weekly performance of -0.97 percent. The stock has been moved at 7.08 percent over the last six months. The stock has performed -3.62 percent around the most recent 30 days and changed 5.77 percent over the most recent 3-months.

If compared to the average trading volume of 4.42M shares, NRZ reached to a volume of 4365138 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about New Residential Investment Corp. [NRZ]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NRZ shares is $12.80 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NRZ stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Barclays have made an estimate for New Residential Investment Corp. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on September 30, 2021. While these analysts kept the previous recommendation, Credit Suisse raised their target price from $12 to $13. The new note on the price target was released on August 30, 2021, representing the official price target for New Residential Investment Corp. stock. Previously, the target price had yet another raise to $12, while RBC Capital Mkts analysts kept a Outperform rating on NRZ stock.

The Average True Range (ATR) for New Residential Investment Corp. is set at 0.19, with the Price to Sales ratio for NRZ stock in the period of the last 12 months amounting to 1.72. The Price to Book ratio for the last quarter was 0.99, with the Price to Cash per share for the same quarter was set at 2.91.

NRZ stock trade performance evaluation

New Residential Investment Corp. [NRZ] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.97. With this latest performance, NRZ shares dropped by -3.62% in over the last four-week period, additionally plugging by 7.08% over the last 6 months – not to mention a rise of 14.65% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NRZ stock in for the last two-week period is set at 45.27, with the RSI for the last a single of trading hit 41.62, and the three-weeks RSI is set at 48.70 for New Residential Investment Corp. [NRZ]. The present Moving Average for the last 50 days of trading for this stock 11.23, while it was recorded at 11.15 for the last single week of trading, and 10.63 for the last 200 days.

New Residential Investment Corp. [NRZ]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and New Residential Investment Corp. [NRZ] shares currently have an operating margin of -38.69 and a Gross Margin at +79.19. New Residential Investment Corp.’s Net Margin is presently recorded at -96.34.

Return on Total Capital for NRZ is now -1.50, given the latest momentum, and Return on Invested Capital for the company is -7.50. Return on Equity for this stock declined to -22.60, with Return on Assets sitting at -3.61. When it comes to the capital structure of this company, New Residential Investment Corp. [NRZ] has a Total Debt to Total Equity ratio set at 511.49. Additionally, NRZ Total Debt to Total Capital is recorded at 83.65, with Total Debt to Total Assets ending up at 81.79. Long-Term Debt to Equity for the company is recorded at 271.77, with the Long-Term Debt to Total Capital now at 37.65.

Reflecting on the efficiency of the workforce at the company, New Residential Investment Corp. [NRZ] managed to generate an average of -$248,872 per employee. Receivables Turnover for the company is 0.18 with a Total Asset Turnover recorded at a value of 0.04.

Earnings per share (EPS) analysis for New Residential Investment Corp. [NRZ] stock

With the latest financial reports released by the company, New Residential Investment Corp. posted 0.31/share EPS, while the average EPS was predicted by analysts to be reported at 0.37/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -16.20%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NRZ. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for New Residential Investment Corp. go to 15.04%.

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New Residential Investment Corp. [NRZ]: Insider Ownership positions

There are presently around $2,516 million, or 49.00% of NRZ stock, in the hands of institutional investors. The top three institutional holders of NRZ stocks are: VANGUARD GROUP INC with ownership of 41,718,637, which is approximately 3.806% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 28,252,036 shares of the stock with an approximate value of $316.14 million in NRZ stocks shares; and FMR LLC, currently with $185.41 million in NRZ stock with ownership of nearly -22.605% of the company’s market capitalization.

Positions in New Residential Investment Corp. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 209 institutional holders increased their position in New Residential Investment Corp. [NYSE:NRZ] by around 21,984,637 shares. Additionally, 154 investors decreased positions by around 28,296,756 shares, while 66 investors held positions by with 174,529,629 shares. The mentioned changes placed institutional holdings at 224,811,022 shares, according to the latest SEC report filing. NRZ stock had 54 new institutional investments in for a total of 3,646,249 shares, while 48 institutional investors sold positions of 5,051,124 shares during the same period.



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