New Residential Investment Corp. [NRZ] Revenue clocked in at $4.34 billion, up 1.31% YTD: What’s Next?

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New Residential Investment Corp. [NYSE: NRZ] plunged by -$0.28 during the normal trading session on Monday and reaching a high of $11.09 during the day while it closed the day at $10.85. The company report on May 3, 2022 that New Residential Investment Corp. Announces First Quarter 2022 Results.

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New Residential Investment Corp. (NYSE: NRZ; “New Residential” or the “Company”) today reported the following information for the first quarter ended March 31, 2022:.

New Residential Investment Corp. stock has also gained 3.93% of its value over the past 7 days. However, NRZ stock has inclined by 6.37% in the 3 months of the year. Over the past six months meanwhile, it has lost -5.82% and gained 1.31% year-on date.

The market cap for NRZ stock reached $5.16 billion, with 466.85 million shares outstanding and 464.55 million shares in the current float. Compared to the average trading volume of 5.65M shares, NRZ reached a trading volume of 8133040 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 $12.82 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.

Piper Sandler have made an estimate for New Residential Investment Corp. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on May 05, 2022. While these analysts kept the previous recommendation, Barclays raised their target price to Overweight. The new note on the price target was released on September 30, 2021, representing the official price target for New Residential Investment Corp. stock. Previously, the target price had yet another raise from $12 to $13, while Credit Suisse kept a Outperform rating on NRZ stock.

The Average True Range (ATR) for New Residential Investment Corp. is set at 0.37, with the Price to Sales ratio for NRZ stock in the period of the last 12 months amounting to 1.19. The Price to Book ratio for the last quarter was 0.95, with the Price to Cash per share for the same quarter was set at 2.80.

NRZ stock trade performance evaluation

New Residential Investment Corp. [NRZ] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.93. With this latest performance, NRZ shares gained by 5.85% in over the last four-week period, additionally sinking by -5.82% over the last 6 months – not to mention a rise of 4.53% 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 51.78, with the RSI for the last a single of trading hit 50.65, and the three-weeks RSI is set at 51.91 for New Residential Investment Corp. [NRZ]. The present Moving Average for the last 50 days of trading for this stock 10.59, while it was recorded at 11.32 for the last single week of trading, and 10.74 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 +48.85 and a Gross Margin at +88.17. New Residential Investment Corp.’s Net Margin is presently recorded at +26.66.

Return on Equity for this stock inclined to 12.95, with Return on Assets sitting at 2.11.

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

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%.

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

There are presently around $2,440 million, or 47.50% of NRZ stock, in the hands of institutional investors. The top three institutional holders of NRZ stocks are: VANGUARD GROUP INC with ownership of 41,980,007, which is approximately 0.627% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 27,648,485 shares of the stock with an approximate value of $307.73 million in NRZ stocks shares; and FMR LLC, currently with $143.31 million in NRZ stock with ownership of nearly -22.29% of the company’s market capitalization.

Positions in New Residential Investment Corp. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 213 institutional holders increased their position in New Residential Investment Corp. [NYSE:NRZ] by around 21,399,297 shares. Additionally, 166 investors decreased positions by around 22,116,501 shares, while 78 investors held positions by with 175,669,918 shares. The mentioned changes placed institutional holdings at 219,185,716 shares, according to the latest SEC report filing. NRZ stock had 65 new institutional investments in for a total of 9,930,660 shares, while 45 institutional investors sold positions of 3,350,074 shares during the same period.