7 analysts just raised the price target to 17.57 per share. Check the chart.
This is one of those stocks that should not be getting sold off the way it is, in spite of market conditions and political news. NRZ is undervalued as it is, so this recent selling every day is insane. Will have to buy more now.
Most stocks down. Must be the Trump bump becoming a Trump dump. For a long time, I've been trying to determine if Trump is dumb like a fox, or just plain stupid. I think we now know which it is. The sooner he's gone, the better.
Lmao I love seeing shorties(short sellers) trying to cause fear and panic! Their attempts at raining on everyone's parade is rewarded with happy endings for everyone who isn't a shortie. Don't miss the dividend, and don't be a shortie. Long term punishes short sellers.
This is monstrously overbought. I'm a buyer at 10, where this POS belongs. In the meantime, I'm going to short the crud out of it.
I tend to agree with Nichol@SS... NRZ has been flat-lining for the last 7 months. The summer home selling season is winding down and with a possible sell-off coming in Sept., probably best to sell NRZ at a profit now and wait for a better entry point, ... somewhere in the $13 - $14 range.
New Residential Invest shows improving price performance, earning an upgrade to its IBD Relative Strength Rating
On Monday, New Residential Invest (NRZ) got a positive adjustment to its Relative Strength (RS) Rating from Investors Business Daily
Why did NRZ spike to $16.96. after hours?
Looking at my internal numb3rs NRZ looks pretty good for any long term income investors [IMHO]. I show a current 77 report card grade with a 84 power reading [pwr reading indicating it will be going "higher"]. With a 12.08% dividend attached [and the traders playing with it and with the current volatility of the mkt in general] we have very little to complain about. I show a intrinsic value of 16.51 which is in line with the current mktprc of 16.56. Add to this, that I have observed new money [+0.02] was coming in last week and buying [against some selling activity] with insider buying at a previous market price of 15 [279,000 shares on 2/2/17], we are about where we should be currently [again IMHO]....
NRZ is something to forget about and move on and enjoy our previous CapGains with it with the current dividend going forward [IMHO]. There are currently too many other securities out there for us to study/analyze....
Have a "GREAT" week.... Live Long and Prosper.... Best Regards/Eddie....
May a good day tomorrow. stock is too cheap.
My thesis is not to obsess over recent earnings or the potential of another dividend raise, right away. The really important takeaway from the Q2 report is that risk posed by Ocwen, is over. When that news broke, the share price was nearly $18, and suddenly zapped to the $15's. Since that event, the dividend has been increased another 2 cents, and we have just had a terrific report any way you look at it. It takes only seconds for investors to be infected with fear, but it takes weeks for them to realize it is over. If Ocwen hadn't happened, where do you imagine the SP would be with the second dividend raise and the killer report we just got!? The current price is a gift; available only because investors are so slow to let go of the memory of fear. And, of course, the shorts are doing their best to help you hang on to your fears.
A Luxembourg company is in talks with NRZ to service it's MSR's that were serviced by Ocwen. Success breeds more success. This story is on SA.
That Markit Score Report is utter nonsense. Shows total ignorance of the company and its business model.The report is a waist of the paper it was printed on.
Simple projection of NRZ price and earnings -- NRZ raised the dividend to $.50. With an IRS requirement that it distribute 90% of earnings, that implies that management is pretty confident of quarterly earnings per share of about $.55 going forward, or $2.22 annualized. Apply the current 8.3 P/E to the $2.22 and you get a projected price of $18.33. I'd expect to hit that price within a year or less. That's a little over 7% upside. Tagged on to a current yield of around 11.7% it would suggest a total return in the range of 18-19% over the next twelve months or so. I'm good with that. I put this simple model out there so you can poke at it.
Down, down, down we go for yet another day. See y'all at 14.
Guessing there is some profit taking happening now? Wonder where the bottom will be? Thinking around $16.50 which would be a good point to load up some more.
Amazing how this stock JUST doubled the expected earnings........and several days after the announcement we're basically right back to where we were before the announcement.