Economy

Discovering Momentum Stocks: New Residential Investment Corp. (NRZ), Costco Wholesale Corporation (COST)

FBR & Co analyst J. Levi-Ribner now expects that the real estate investment trust will post earnings per share of $2.74 for the year, up from their previous estimate of $2.61.

New Residential Investment Corp. had a return on equity of 20.02% and a net margin of 60.06%. (NYSE:NRZ) last announced its earnings results on Friday, October 27th. The real estate investment trust reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.56 by $0.08. The company had revenue of $331.38 million during the quarter, compared to analysts' expectations of $291.66 million. The business's revenue was up 72.1% compared to the same quarter previous year.

American Assets Capital Advisers increased its stake in New Residential Invt Corp (NRZ) by 79.4% based on its latest 2017Q2 regulatory filing with the SEC. If you are accessing this news story on another site, it was copied illegally and republished in violation of United States & global copyright law.

Trading volume for New Residential Investment Corp was 4,061K by the end of trading on Monday.

Several other research analysts have also recently issued reports on the company. Zacks Investment Research cut New Residential Investment Corp. from a "buy" rating to a "sell" rating in a research report on Wednesday, July 5th. The stock experienced a rise in short interest of 0.08% between September 29, 2017 and October 13, 2017. Finally, ValuEngine upgraded New Residential Investment Corp. from a "buy" rating to a "strong-buy" rating in a report on Monday, October 2nd. The stock of New Residential Investment Corp (NYSE:NRZ) has "Overweight" rating given on Wednesday, August 10 by Barclays Capital. Of those analysts, 5 rate stock as a Strong Buy, 1 rate it as Hold, and just no analyst rates it as a Moderate Sell. The firm declared 1.09% changes to end the trade at $17.63, with the overall traded capacity of 2.51 Million shares. Wellington Grp Ltd Liability Partnership has 0% invested in New Residential Investment Corp (NYSE:NRZ) for 223,779 shares. (NYSE:NRZ) opened at 17.63 on Tuesday. The stock of New Residential Investment Corp (NYSE:NRZ) has "Outperform" rating given on Thursday, February 25 by FBR Capital.

Shares are trading at $17.63 which is slightly above $17.07, the 50 day moving average and marginally over the 200 day moving average of $16.55. The company has a market capitalization of $5.36 billion, a PE ratio of 6.19 and a beta of 1.03. Institutional ownership can eventually exceed 100 percent of float, which means that, in addition to all the available shares, institutions have also bought up all the borrowed shares from short sellers who are betting that the stock will decline.

Looking at insider trading can give great insight into how New Residential Investment Corp. IFP Advisors Inc now owns 10,525 shares of the real estate investment trust's stock valued at $176,000 after buying an additional 3,331 shares in the last quarter. QS Investors LLC lifted its position in New Residential Investment Corp.by 59.9% during the second quarter. The percentage of shares being held by the company management was 0.4% while institutional stake was 74.6%. Guggenheim Ltd holds 0.03% in New Residential Investment Corp (NYSE:NRZ) or 687,953 shares. First Trust Advisors Lp now controls 1,346,443 shares with a value of $22,526,000.

The top 5 institutional holders, in ascending order, are as follows: VANGUARD GROUP INC with 24.39 million shares, BLACKROCK INC. with 19.32 million shares, CITIGROUP INC with 4.58 million shares, STATE STREET CORP with 4.28 million shares, and VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. with 4.2 million shares. Public Employees Retirement Of Ohio owns 0.01% invested in New Residential Investment Corp (NYSE:NRZ) for 149,734 shares. Shareholders of record on Monday, October 2nd were given a $0.50 dividend. The stock of New Residential Investment Corp (NYSE:NRZ) earned "Overweight" rating by Piper Jaffray on Friday, September 9. The dividend was $0.500 per share for the quarter or $2.00 annualized. New Residential Investment Corp.'s payout ratio is now 64.72%.

New Residential Investment Corp.is a real estate investment trust (REIT). This movement could be bad/good signal for few investors as firm is showing performance for the quarter as 3.28%. The Company's divisions include investments in excess mortgage servicing rights (Excess MSRs); investments in mortgage servicing rights (MSRs); investments in servicer advances; investments in real estate securities; investments in residential mortgage loans; investments in consumer loans, and corporate.



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