New Residential Investment Corp Can Burn Your Long Portfolio. Option Traders Are Bearish

 New Residential Investment Corp Can Burn Your Long Portfolio. Option Traders Are Bearish

In today’s session New Residential Investment Corp (NRZ) recorded an unusually high (425) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the May, 2017 put, expecting serious NRZ decrease. With 425 contracts traded and 4134 open interest for the May, 17 contract, it seems this is a quite bearish bet. The option with symbol: NRZ170519P00015000 closed last at: $1.2 or 35.1% down. About 730,708 shares traded hands. New Residential Investment Corp (NYSE:NRZ) has risen 27.77% since April 21, 2016 and is uptrending. It has outperformed by 22.44% the S&P500.

Analysts await New Residential Investment Corp (NYSE:NRZ) to report earnings on February, 22. They expect $0.52 EPS, 0.00% or $0.00 from last year’s $0.52 per share. NRZ’s profit will be $132.49M for 7.28 P/E if the $0.52 EPS becomes a reality. After $0.51 actual EPS reported by New Residential Investment Corp for the previous quarter, Wall Street now forecasts 1.96% EPS growth.

New Residential Investment Corp (NYSE:NRZ) Ratings Coverage

Out of 7 analysts covering New Residential Investment Corp (NYSE:NRZ), 5 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 71% are positive. $17 is the highest target while $15 is the lowest. The $15.88 average target is 4.82% above today’s ($15.15) stock price. New Residential Investment Corp has been the topic of 10 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Thursday, February 25 by FBR Capital. As per Friday, September 9, the company rating was reinitiated by Piper Jaffray. The stock of New Residential Investment Corp (NYSE:NRZ) has “Outperform” rating given on Thursday, October 6 by Wedbush. The firm earned “Neutral” rating on Wednesday, May 18 by Compass Point. The stock of New Residential Investment Corp (NYSE:NRZ) has “Neutral” rating given on Wednesday, October 26 by Nomura. JMP Securities initiated the shares of NRZ in a report on Wednesday, December 23 with “Mkt Outperform” rating. The rating was upgraded by Piper Jaffray to “Overweight” on Monday, October 19. Barclays Capital maintained New Residential Investment Corp (NYSE:NRZ) rating on Wednesday, August 10. Barclays Capital has “Overweight” rating and $16 price target. Zacks upgraded the shares of NRZ in a report on Wednesday, August 12 to “Sell” rating.

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 increased to 1.6 in 2016 Q2. Its up 0.68, from 0.92 in 2016Q1. The ratio increased, 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.
Capital Investment Advsr Limited Liability holds 0.42% of its portfolio in New Residential Investment Corp (NYSE:NRZ) for 326,876 shares. Phoenix Investment Adviser Ltd accumulated 79,000 shares or 1.01% of the stock. Creative Planning, a Kansas-based fund reported 35,490 shares. Foundry Ptnrs Ltd Co holds 0.35% or 440,840 shares in its portfolio. Suntrust Banks has invested 0% of its portfolio in New Residential Investment Corp (NYSE:NRZ). Group has 0% invested in the company for 128,785 shares. Commercial Bank Of Hawaii has invested 0.02% of its portfolio in New Residential Investment Corp (NYSE:NRZ). Citigroup Inc holds 0.12% of its portfolio in New Residential Investment Corp (NYSE:NRZ) for 8.33 million shares. Blackrock holds 0% of its portfolio in New Residential Investment Corp (NYSE:NRZ) for 69,773 shares. Cipher Cap Lp has 0.1% invested in the company for 98,340 shares. Schwab Charles Inv Mngmt has invested 0.02% of its portfolio in New Residential Investment Corp (NYSE:NRZ). Kingstown Capital L P accumulated 7.85% or 5.00M shares. Mutual Of America Cap Management Ltd Liability Company reported 3,000 shares or 0% of all its holdings. Strs Ohio holds 0% or 75,100 shares in its portfolio. Prudential Fincl Inc holds 660,997 shares or 0.02% of its portfolio.

Insider Transactions: Since November 11, 2016, the stock had 1 insider buy, and 0 insider sales for $187,708 net activity. Sloves Andrew bought 13,200 shares worth $187,708.

New Residential Investment Corp. is a real estate investment trust . The company has a market cap of $3.86 billion. The Firm is focused on investing in, and managing, investments related to residential real estate. It has a 9.23 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.

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