Taking a Fresh Look at New Residential Investment Corp. (NRZ)

New Residential Investment Corp. (NRZ) is an interesting player in the Financial space, with a focus on REIT – Residential. The stock has been active on the tape, currently trading at $17.00, up from yesterday’s close by 0.95%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

New Residential Investment Corp. (NRZ) currently trades with a market capitalization of $5.58 Billion. That value represents a market adjusting for revenues that have been growing by 23.57 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of -$343.47 Million over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of $0.55 on a per share basis this quarter. Perhaps, that suggests something about why 0.88% of the outstanding share supply is held by institutional investors.

Technical Analysis

Sometimes, we can understand most about a stock by simply looking at how it has been trading. Looking at the stock’s movement on the chart, New Residential Investment Corp. recorded a 52-week high of $18.43. It is now trading 1.43% off that level. The stock is trading $17.08 its 50-day moving average by 0.079999999999998%. The stock carved out a 52-week low down at $15.04.

In recent action, New Residential Investment Corp. (NRZ) has made a move of +4.29% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 17.8, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 2.69% with $328.44 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of NRZ.

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