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Is New Residential Investment (NRZ) Stock Outpacing Its Finance Peers This Year?

Zacks Equity Research
Updated
PEBO vs. FIBK: Which Stock Is the Better Value Option?

The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has New Residential Investment (NRZ) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.

New Residential Investment is a member of the Finance sector. This group includes 824 individual stocks and currently holds a Zacks Sector Rank of #9. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. NRZ is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for NRZ's full-year earnings has moved 1.48% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

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Based on the most recent data, NRZ has returned 3.52% so far this year. In comparison, Finance companies have returned an average of -1.18%. As we can see, New Residential Investment is performing better than its sector in the calendar year.

Looking more specifically, NRZ belongs to the REIT and Equity Trust industry, which includes 31 individual stocks and currently sits at #93 in the Zacks Industry Rank. On average, stocks in this group have gained 3.75% this year, meaning that NRZ is slightly underperforming its industry in terms of year-to-date returns.

Going forward, investors interested in Finance stocks should continue to pay close attention to NRZ as it looks to continue its solid performance.


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