New Residential Investment (NYSE:NRZ) : 7 investment research analysts covering New Residential Investment (NYSE:NRZ) have an average price target of $15.64 for the near short term. The highest target price given by the Brokerage Firm to the stock is $18 and the lowest target is $15 for the short term. Analysts expect the variance to be within $1.11 of the average price.
Other Equity analysts have also commented on the company shares. Compass Point downgrades its rating on New Residential Investment (NYSE:NRZ). Analysts at the Compass Point have a current rating of Neutral on the shares. The shares were previously rated Buy. The rating by the firm was issued on May 18, 2016.
New Residential Investment (NYSE:NRZ): stock turned positive on Thursday. Though the stock opened at $13.34, the bulls momentum made the stock top out at $13.47 level for the day. The stock recorded a low of $13.26 and closed the trading day at $13.37, in the green by 1.36%. The total traded volume for the day was 2,254,857. The stock had closed at $13.19 in the previous days trading.
The company shares have dropped -14.35% from its 1 Year high price. On Jul 31, 2015, the shares registered one year high at $15.95 and the one year low was seen on Jan 14, 2016. The 50-Day Moving Average price is $13.39 and the 200 Day Moving Average price is recorded at $11.93. On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the CEO of New Residential Investment Corp., Nierenberg Michael had purchased shares worth of $146,055 in a transaction dated on June 15, 2015. A total of 9,100 shares were purchased at a price of $16.05 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
New Residential Investment Corp. (New Residential) is a publicly traded real estate investment trust. The Company is focused on investing and managing residential real estate investments. Its portfolio consists of servicing related assets, residential securities and loans and other investments. Its business segments include: Excess Mortgage Servicing Rights (Excess MSRs), Servicer Advances, Real Estate Securities, Real Estate Loans, Consumer Loans and Corporate. It has acquired Excess MSRs on residential mortgage loans with an aggregate unpaid principal balance (UPB) as of December 31, 2014 of approximately $248.7 billion. It acquires and manages a portfolio of credit sensitive real estate securities, including Non-Agency and Agency residential mortgage backed securities (RMBS). It has acquired residential mortgage loans, including performing, non-performing, re-performing and reverse mortgage loans.