Just the Facts on 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 $17.27, up from yesterday’s close by 1.41%. 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

Money managers are always interested in a company that can find the right recipe of fundamental data because it reflects something important going on underneath the surface. New Residential Investment Corp. (NRZ) currently trades with a market capitalization of $5.49 Billion.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For NRZ, the company currently has $717.36 Million of cash on the books, which is offset by $ current liabilities. You can get a sense of how sustainable that is by a levered free cash flow of $-124.28 Million over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of $0.54 on a per share basis this quarter. Perhaps, that suggests something about why 45.72% of the outstanding share supply is held by institutional investors.

Technical Analysis

No analysis is ever complete without a thorough survey of a stock’s technical behavior. Looking at the stock’s movement on the chart, New Residential Investment Corp. recorded a 52-week high of $17.86. It is now trading 0.59% off that level. The stock is trading $16.69 its 50-day moving average by -0.58%. The stock carved out a 52-week low down at $13.42.

In recent action, New Residential Investment Corp. (NRZ) has made a move of +5.56% 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 17.45, 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 1.60% with $305.98 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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