New Residential Investment Corp. (NRZ) is set for a tempting yields with an average volume of 5.27M – Invest Chronicle

New Residential Investment Corp. (NRZ) is set for a tempting yields with an average volume of 5.27M

New Residential Investment Corp. (NRZ) is priced at $10.89 after the most recent trading session. At the very opening of the session, the stock price was $11.01 and reached a high price of $11.01, prior to closing the session it reached the value of $10.98. The stock touched a low price of $10.88.Recently in News on September 14, 2021, New Residential Investment Corp. Announces Pricing of Public Offering of Preferred Stock. New Residential Investment Corp. (NYSE: NRZ; “New Residential” or the “Company”) announced that it priced an opportunistic underwritten public offering of 17,000,000 shares of its 7% Series D Fixed-Rate Reset Cumulative Redeemable Preferred Stock (the “Preferred Stock”) with a liquidation preference of $25.00 per share, for gross proceeds of approximately $425 million, before deducting underwriting discount and other estimated offering expenses. The Company intends to apply to list the Preferred Stock on the New York Stock Exchange under the symbol “NRZ PR D.” The offering is expected to close on September 17, 2021, subject to customary closing conditions. In connection with the offering, the Company has granted the underwriters an option for a period of 30 days to purchase up to an additional 2,550,000 shares of the Preferred Stock. You can read further details here

New Residential Investment Corp. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $11.48 on 03/31/21, with the lowest value was $8.98 for the same time period, recorded on 07/19/21.


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New Residential Investment Corp. (NRZ) full year performance was 36.81%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, New Residential Investment Corp. shares are logging -5.10% during the 52-week period from high price, and 49.75% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $7.27 and $11.48.

The company’s shares, operating in the sector of Real Estate managed to top a trading volume set approximately around 3206622 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the New Residential Investment Corp. (NRZ) recorded performance in the market was 9.56%, having the revenues showcasing -0.18% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 5.11B, as it employees total of 5667 workers.

Market experts do have their say about New Residential Investment Corp. (NRZ)

During the last month, 0 analysts gave the New Residential Investment Corp. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 10.34, with a change in the price was noted +0.65. In a similar fashion, New Residential Investment Corp. posted a movement of +6.35% for the period of last 100 days, recording 5,495,399 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for NRZ is recording 5.54 at the time of this writing. In addition, long term Debt to Equity ratio is set at 1.49.

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Technical breakdown of New Residential Investment Corp. (NRZ)

Raw Stochastic average of New Residential Investment Corp. in the period of last 50 days is set at 88.84%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 85.80%. In the last 20 days, the company’s Stochastic %K was 86.59% and its Stochastic %D was recorded 86.26%.

Bearing in mind the latest performance of New Residential Investment Corp., several moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 9.56%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -2.07%, alongside a boost of 36.81% for the period of the last 12 months. The shares increased approximately by -0.09% in the 7-day charts and went down by 9.34% in the period of the last 30 days. Common stock shares were lifted by -0.18% during last recorded quarter.

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