New Residential Investment Corp (NRZ) Stock Rating Reaffirmed by FBR & Co

Author

24 May, 2017

The expected NRZ's profit could reach $166.66M giving the stock 7.56 P/E in the case that $0.54 earnings per share is reported. Lyon Street Capital Llc sold 551,213 shares as Pdf Solutions Inc (PDFS)'s stock declined 23.45%.

FBR & Co restated their outperform rating on shares of New Residential Investment Corp (NYSE:NRZ) in a report issued on Sunday, April 23rd. It has outperformed by 5.34% the S&P500.

American National Insurance Company decreased Express (EXPR) stake by 87.71% reported in 2016Q4 SEC filing. The New York-based Jacobs Asset Management Llc has invested 5.27% in the stock. The Wedbush Securities Inc holds 77,373 shares with $1.22 million value, up from 54,839 last quarter. The stock declined 1.64% or $3.93 reaching $236.25 on the news. The last session's volume of 6.75 million shares was lower than its average volume of 10.39 million shares. Janney Capital maintained Raptor Pharmaceutical Corp (NASDAQ:RPTP) on Saturday, August 22 with "Buy" rating. Its down 0.04, from 0.68 in 2016Q3. It dropped, as 88 investors sold FB shares while 531 reduced holdings. Brown Brothers Harriman And holds 2,518 shares. Davis R M invested in 66,720 shares or 0.37% of the stock. First Tru Advsr LP stated it has 105,803 shares. Choate Inv Advisors holds 0% of its portfolio in Facebook Inc (NASDAQ:FB) for 6,498 shares. Da Davidson & reported 0.01% stake. Bridgeway reported 30,900 shares. Rfg Advisory Group Ltd reported 18,719 shares stake. Winslow Evans & Crocker has 1,598 shares for 0% of their portfolio.

Volatility of the shares is also to be considered while making the investment decisions. Chase Invest Counsel Corp invested 1.94% of its portfolio in O'Reilly Automotive Inc (NASDAQ:ORLY). Orinda Asset Management Limited Company owns 60,000 shares or 0.84% of their U.S. portfolio. A recommendation of 1 or 2 would represent a consensus Buy.

Altisource Residential Corporation has a consensus outperform rating from 7 Wall Street analysts, and the number of shares now sold short amount to at least 3.6% of shares outstanding. LANZA LUCIO had sold 15,000 shares worth $249,174. (NYSE:NRZ) has accumulated 1.34% over the course of one week. On Friday, February 17 the insider LAURO JEFFREY ALAN bought $6,688. It looks like analysts are feeling bearish about the stock with overall sell-side analysts calling it a Buy. Therefore 71% are positive. According to the past 12 months report, the income was nearly $514.10M and sales remained $1.36B. The firm has "Neutral" rating given on Monday, April 3 by Cleveland. On Wednesday, August 10 the stock rating was maintained by Barclays Capital with "Overweight". The firm has "Outperform" rating by FBR Capital given on Thursday, February 25. The stock's market capitalization is $788.81 million. On Wednesday, October 26 the stock rating was initiated by Nomura with "Neutral". The company has an average rating of "Buy" and an average price target of $16.89.

A number of research analysts have weighed in on the stock. The rating was downgraded by JMP Securities on Friday, February 26 to "Mkt Perform". The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell. Keefe, Bruyette & Woods reaffirmed an "outperform" rating on shares of New Residential Investment Corp in a research note on Monday, February 6th.

Investors sentiment decreased to 1.12 in 2016 Q4. The stock showed weekly upbeat performance of 1.12%, which was maintained for the month at -0.43%. It worsened, as 24 investors sold NRZ shares while 69 reduced holdings. 33 funds opened positions while 71 raised stakes. However the six-month change in the insider ownership was recorded 1.53%, as well as three-month change in the institutional ownership was recorded 2.09%.

Pinnacle Foods Inc. (PF) climbed 0.59% and its total traded volume was 1.12 million shares contrast to the average volume of 1.04 million shares.

New Residential Investment Corp (NYSE:NRZ) last announced its quarterly earnings results on Monday, May 1st. Hsbc Holdg Public Ltd accumulated 2.98 million shares. Blackrock Fund Advsrs owns 13.92M shares or 0.04% of their USA portfolio. Altisource Residential Corp had a negative net margin of 338.43% and a negative return on equity of 16.34%. 27,106 are owned by Jane Street Grp Limited Liability. Next Gru stated it has 7,457 shares or 0% of all its holdings.

The Average True Range indicator applied to a daily chart of Apple has a current ATR reading of 0.33.

According to analysts New Residential Investment Corp (NYSE:NRZ)'s minimum EPS for the current quarter is at $0.51 and can go high up to $0.58.

Altisource Residential Corporation is a real estate investment trust (REIT).

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