Aggressive’ Bearish Options Activity Seen in New Residential Investment Corp

 Aggressive' Bearish Options Activity Seen in New Residential Investment Corp

In today’s session New Residential Investment Corp (NRZ) recorded an unusually high (300) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious NRZ decrease. With 300 contracts traded and 24274 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: NRZ161118P00012500 closed last at: $0.2 or 0% . New Residential Investment Corp (NYSE:NRZ) has risen 20.36% since March 3, 2016 and is uptrending. It has outperformed by 12.01% the S&P500.

Analysts await New Residential Investment Corp (NYSE:NRZ) to report earnings on November, 1. They expect $0.49 earnings per share, 0.00% or $0.00 from last year’s $0.49 per share. NRZ’s profit will be $120.97 million for 6.94 P/E if the $0.49 EPS becomes a reality. After $0.52 actual earnings per share reported by New Residential Investment Corp for the previous quarter, Wall Street now forecasts -5.77% negative EPS growth.

New Residential Investment Corp (NYSE:NRZ) Ratings Coverage

Out of 6 analysts covering New Residential Investment Corp (NYSE:NRZ), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. New Residential Investment Corp has been the topic of 9 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The stock of New Residential Investment Corp (NYSE:NRZ) has “Overweight” rating given on Friday, September 9 by Piper Jaffray. Compass Point downgraded the stock to “Neutral” rating in Wednesday, May 18 report. The stock of New Residential Investment Corp (NYSE:NRZ) has “Mkt Outperform” rating given on Wednesday, December 23 by JMP Securities. FBR Capital maintained the stock with “Outperform” rating in Thursday, February 25 report. Piper Jaffray upgraded New Residential Investment Corp (NYSE:NRZ) on Monday, October 19 to “Overweight” rating. The firm earned “Sell” rating on Wednesday, August 12 by Zacks. The firm earned “Outperform” rating on Thursday, October 6 by Wedbush. The rating was maintained by Barclays Capital with “Overweight” on Wednesday, August 10.

According to Zacks Investment Research, “New Residential Investment Corp. is a real estate investment trust. It focuses on investing in, and actively managing, investments related to residential real estate. The Company primarily target investments in excess mortgage servicing rights, residential mortgage backed securities, residential mortgage loans and other related investments. New Residential Investment Corp. is based in New York.”

Insitutional Activity: The institutional sentiment decreased to 0.92 in 2016 Q2. Its down 0.04, from 0.96 in 2016Q1. The ratio dived, as 38 funds sold all New Residential Investment Corp shares owned while 66 reduced positions. 28 funds bought stakes while 68 increased positions. They now own 127.17 million shares or 8.82% less from 139.48 million shares in 2016Q1.
Css Limited Liability Co Il holds 0.02% of its portfolio in New Residential Investment Corp (NYSE:NRZ) for 18,394 shares. Usca Ria Limited Liability last reported 0.07% of its portfolio in the stock. New York State Common Retirement Fund last reported 0% of its portfolio in the stock. Vanguard Grp holds 0.01% or 16.29 million shares in its portfolio. Wasatch Advsr Inc last reported 0% of its portfolio in the stock. Alliancebernstein Lp last reported 0.02% of its portfolio in the stock. Principal Fincl Group Incorporated Inc last reported 0% of its portfolio in the stock. Fmr Limited Liability Com holds 0% of its portfolio in New Residential Investment Corp (NYSE:NRZ) for 2.14 million shares. Citigroup Incorporated last reported 0.12% of its portfolio in the stock. Ladenburg Thalmann Fincl Services accumulated 0% or 3,935 shares. Manufacturers Life Insurance The holds 154,594 shares or 0% of its portfolio. Phoenix Inv Adviser Ltd holds 1.01% or 79,000 shares in its portfolio. American Interest Grp accumulated 0% or 128,785 shares. Parametric Associates Ltd Liability Corp holds 0.01% or 655,770 shares in its portfolio. Sei accumulated 0% or 2,124 shares.

New Residential Investment Corp. is a real estate investment trust . The company has a market cap of $3.36 billion. The Firm is focused on investing in, and managing, investments related to residential real estate. It has a 9.28 P/E ratio. The Firm conducts its business through the divisions, which include investments in excess mortgage servicing rights (MSRs), investments in servicer advances, investments in real estate securities, investments in real estate loans, investments in consumer loans and corporate.

NRZ Company Profile

New Residential Investment Corp., incorporated on September 26, 2011, is a real estate investment trust (REIT). The Firm is focused on investing in, and managing, investments related to residential real estate. The Firm conducts its business through the divisions, which include investments in excess mortgage servicing rights (MSRs), investments in servicer advances, investments in real estate securities, investments in real estate loans, investments in consumer loans and corporate. The Company’s portfolio is composed of servicing related assets, residential securities and loans, and other investments.

Another recent and important New Residential Investment Corp (NYSE:NRZ) news was published by Seekingalpha.com which published an article titled: “Shareholders Lost Their Minds In New Residential Investment Corp.” on August 11, 2016.

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