|Bid||16.03 x 900|
|Ask||16.04 x 1300|
|Day's Range||15.90 - 16.05|
|52 Week Range||13.86 - 18.75|
|Beta (3Y Monthly)||1.13|
|PE Ratio (TTM)||11.35|
|Earnings Date||Jul 24, 2019 - Jul 29, 2019|
|Forward Dividend & Yield||2.00 (12.59%)|
|1y Target Est||18.94|
In the latest trading session, New Residential Investment (NRZ) closed at $15.89, marking a +0.38% move from the previous day.
We at Insider Monkey have gone over 738 13F filings that hedge funds and famous value investors are required to file by the SEC. The 13F filings show the funds' and investors' portfolio positions as of March 31st. In this article we look at what those investors think of New Residential Investment Corp (NYSE:NRZ). New […]
Let's see if New Residential Investment (NRZ) stock is a good choice for value-oriented investors right now from multiple angles.
“New Residential” or the “Company”) announced today that its Board of Directors declared a quarterly dividend of $0.50 per common share for the second quarter of 2019. New Residential focuses on opportunistically investing in, and actively managing, investments principally related to residential real estate. Following the acquisition of Shellpoint Partners LLC (“Shellpoint”) in 2018, New Residential now also benefits from Shellpoint’s origination and third-party servicing platform, as well as a suite of ancillary businesses including title insurance, appraisal management, real estate owned management and other real estate services.
New Residential Investment Corp. (NYSE: NRZ, “New Residential”, the “Company”) announced today that it has entered into a “stalking horse” Asset Purchase Agreement (the “APA”) with Ditech Holding Corporation (“Ditech”) and Ditech Financial LLC (“Ditech Financial”) to purchase substantially all of the forward assets of Ditech Financial. The final purchase price will be determined at the closing of the transaction based on the tangible book value of the related assets, subject to certain agreed upon adjustments.
New Residential Investment (NRZ) closed the most recent trading day at $15.55, moving +0.84% from the previous trading session.
New Residential Investment Corp NYSE:NRZView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | PositiveShort interest is low for NRZ with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding NRZ are favorable, with net inflows of $1.84 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
DENVER, June 4, 2019 /PRNewswire/ -- Covius Holdings, a leading provider of technology-enabled solutions to the financial services industry, announced today that it has entered into a definitive asset purchase agreement to acquire certain businesses from Chronos Solutions (Chronos), including its credit, flood, income and tax verification services, government services, REO management and disposition, online foreclosure auction and homeowners association (HOA) tracking units.
National Mortgage Lender, NewRez, announced today that Bijoy John, NewRez Vice President of Retention Marketing, has been named one of HousingWire’s 2019 Rising Stars. The award, given to only 50 industry professionals each year, represents the best young leaders in the mortgage industry in lending, servicing, investing and real estate. Mr. John joined NewRez in June 2018 to lead the organization’s Retention Marketing efforts.
The main point of investing for the long term is to make money. Better yet, you'd like to see the share price move up...
National mortgage lender NewRez (formerly New Penn Financial) announced today the integration of Ellie Mae’s Encompass Investor ConnectTM, an innovative solution which streamlines workflows between lenders and correspondent investors. Encompass Investor Connect establishes secure system-to-system workflows, ensuring the delivery of accurate and complete loan packages between lenders and correspondent investors. “We’re excited to add Encompass Investor Connect into our digital mortgage toolkit,” said Lisa Schreiber, Senior Vice President of Correspondent Lending at NewRez.
New Residential Investment (NRZ) delivered earnings and revenue surprises of -1.85% and 26.49%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
On a per-share basis, the New York-based company said it had profit of 37 cents. Earnings, adjusted for non-recurring costs, came to 53 cents per share. The results fell short of Wall Street expectations. ...
New Residential Investment Corp. (NYSE:NRZ, “New Residential”) announced today that it has entered into agreements to make a strategic investment in Covius Holdings Inc. (“Covius”), a leading provider of technology-enabled services to the financial services industry. Covius is actively expanding its services into other product categories of importance to the mortgage industry and intends to use the proceeds from the investment to support strategic acquisitions and various other growth initiatives. Following the investment, New Residential will own a minority stake in Covius, with an option to increase its ownership position through specified future investments.
While lower mortgage refinancing amid steady-rate environment will likely improve the value of New Residential Investment's (NRZ) servicing portfolio, its net interest income (NII) might decline in Q1.
New Residential Investment (NRZ) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Hedge funds are known to underperform the bull markets but that's not because they are terrible at stock picking. Hedge funds underperform because their net exposure in only 40-70% and they charge exorbitant fees. No one knows what the future holds and how market participants will react to the bountiful news that floods in each […]