Market cap of New Residential Investment Corp. [NRZ] reaches 5.25B – now what?


New Residential Investment Corp. [NYSE: NRZ] loss -0.62% on the last trading session, reaching $11.16 price per share at the time. The company report on June 9, 2022 that Newrez Tees Off New Partnership with Rising Golf Star and U.S. Air Force Veteran Kyle Westmoreland.

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Newrez LLC (“Newrez”, the “Company”), the national mortgage lending and servicing organization, proudly announced today its first professional golf partnership with rising golf star and U.S. Air Force veteran Kyle Westmoreland.

Newrez’s partnership with Westmoreland signifies the Company’s first sponsorship deal with a professional athlete. Westmoreland will proudly sport the Newrez logo on the chest of his golf apparel while playing on the Korn Ferry Tour, though the partnership in fact goes far beyond cross-promotion. While Westmoreland’s talent as a rising star certainly piqued sponsorship interest from Newrez, it was Westmoreland’s commitment and service to his country that solidified the Company’s decision to pursue the partnership.

New Residential Investment Corp. represents 466.79 million in outstanding shares, while the company has a total market value of $5.25 billion with the latest information. NRZ stock price has been found in the range of $11.16 to $11.34.

If compared to the average trading volume of 5.49M shares, NRZ reached a trading volume of 3067339 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $12.88 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 1.80. 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 0.31, with the Price to Sales ratio for NRZ stock in the period of the last 12 months amounting to 1.21. The Price to Book ratio for the last quarter was 0.89, with the Price to Cash per share for the same quarter was set at 3.56.

Trading performance analysis for NRZ stock

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 -2.28. With this latest performance, NRZ shares gained by 2.39% in over the last four-week period, additionally sinking by -1.93% over the last 6 months – not to mention a rise of 0.63% 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 52.77, with the RSI for the last a single of trading hit 50.67, and the three-weeks RSI is set at 53.12 for New Residential Investment Corp. [NRZ]. The present Moving Average for the last 50 days of trading for this stock 10.83, while it was recorded at 11.30 for the last single week of trading, and 10.87 for the last 200 days.

New Residential Investment Corp. [NRZ]: A deeper dive into fundamental analysis

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.

New Residential Investment Corp. [NRZ]: An earnings per share (EPS) analysis

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 14.14%.

An analysis of insider ownership at New Residential Investment Corp. [NRZ]

There are presently around $2,466 million, or 47.20% of NRZ stock, in the hands of institutional investors. The top three institutional holders of NRZ stocks are: VANGUARD GROUP INC with ownership of 42,301,286, which is approximately 0.765% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 25,357,497 shares of the stock with an approximate value of $284.76 million in NRZ stocks shares; and FMR LLC, currently with $170.76 million in NRZ stock with ownership of nearly 18.092% 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 206 institutional holders increased their position in New Residential Investment Corp. [NYSE:NRZ] by around 22,728,548 shares. Additionally, 171 investors decreased positions by around 16,471,970 shares, while 88 investors held positions by with 180,392,371 shares. The mentioned changes placed institutional holdings at 219,592,889 shares, according to the latest SEC report filing. NRZ stock had 52 new institutional investments in for a total of 9,679,507 shares, while 51 institutional investors sold positions of 4,589,590 shares during the same period.