New Residential Investment Corp (NYSE:NRZ) Institutional Investor Sentiment Is 1.31

May 17, 2018 - By Christine McCrea

Sentiment for New Residential Investment Corp (NYSE:NRZ)

New Residential Investment Corp (NYSE:NRZ) institutional sentiment decreased to 1.31 in Q4 2017. Its down -0.09, from 1.4 in 2017Q3. The ratio has dropped, as 124 investment managers opened new and increased stock positions, while 95 reduced and sold their stock positions in New Residential Investment Corp. The investment managers in our partner’s database reported: 138.68 million shares, down from 143.66 million shares in 2017Q3. Also, the number of investment managers holding New Residential Investment Corp in their top 10 stock positions decreased from 9 to 5 for a decrease of 4. Sold All: 27 Reduced: 68 Increased: 88 New Position: 36.

New Residential Investment Corp., a real estate investment trust, focuses on investing in and managing residential mortgage related assets in the United States. The company has market cap of $6.05 billion. It operates through Servicing Related Assets, Residential Securities and Loans, and Other Investments divisions. It has a 3.94 P/E ratio. The firm invests in excess mortgage servicing rights on residential mortgage loans; and in servicer advances, including the basic fee component of the related MSRs.

The stock decreased 0.42% or $0.075 during the last trading session, reaching $17.995. About 1.27M shares traded. New Residential Investment Corp. (NYSE:NRZ) has risen 0.90% since May 17, 2017 and is uptrending. It has underperformed by 10.65% the S&P500.

Analysts await New Residential Investment Corp. (NYSE:NRZ) to report earnings on July, 30. They expect $0.57 EPS, down 44.66 % or $0.46 from last year’s $1.03 per share. NRZ’s profit will be $191.60M for 7.89 P/E if the $0.57 EPS becomes a reality. After $0.58 actual EPS reported by New Residential Investment Corp. for the previous quarter, Wall Street now forecasts -1.72 % negative EPS growth.

Candlewood Investment Group Lp holds 31.81% of its portfolio in New Residential Investment Corp. for 230,000 shares. Penn Mutual Life Insurance Co owns 602,000 shares or 10.92% of their US portfolio. Moreover, Yorktown Management & Research Co Inc has 6.45% invested in the company for 1.25 million shares. The California-based Doheny Asset Management Ca has invested 5.01% in the stock. Kingstown Capital Management L.P., a New York-based fund reported 2.25 million shares.

New Residential Investment Corp. (NYSE:NRZ) Ratings Coverage

Ratings analysis reveals 100% of New Residential Inv’s analysts are positive. Out of 3 Wall Street analysts rating New Residential Inv, 3 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $18.5 while the high is $19.25. The stock’s average target of $18.88 is 4.92% above today’s ($17.995) share price. NRZ was included in 4 notes of analysts from November 29, 2017. FBR Capital maintained it with “Buy” rating and $19.25 target in Tuesday, February 13 report. The rating was maintained by FBR Capital with “Buy” on Wednesday, November 29. As per Thursday, January 18, the company rating was upgraded by Wedbush. As per Thursday, November 30, the company rating was maintained by Piper Jaffray.

More news for New Residential Investment Corp. (NYSE:NRZ) were recently published by: Seekingalpha.com, which released: “New Residential Investment’s (NRZ) CEO Michael Nierenberg on Q1 2018 Results – Earnings Call Transcript” on April 27, 2018. Seekingalpha.com‘s article titled: “New Residential tops estimates and payout” and published on April 27, 2018 is yet another important article.

New Residential Investment Corp. (NYSE:NRZ) Ratings Chart

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