New Residential Investment (NRZ): Price Target and June Short Interest Disclosure

New Residential Investment (NRZ) : Currently there are 7 street experts covering New Residential Investment (NRZ) stock. The most bullish and bearish price target for the stock is $18 and $15 respectively for the short term. The average price target of all the analysts comes to $15.64. The estimated standard deviation from the target is $1.11.

New Residential Investment (NRZ) encountered a rise of 25.8% or 2,258,820 shares in the short positions. The number escalated from 8,767,171 on June 15,2016 to 11,025,991 on June 30,2016. The final interest is 4.9% of the floated stock. The days to cover figure of 4 can be arrived using the average daily exchange of 2,860,774 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Equity Analysts at the Compass Point downgrades the rating on New Residential Investment (NYSE:NRZ). The brokerage firm has issued a Neutral rating 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): On Thursdays trading session , Opening price of the stock was $13.28 with an intraday high of $13.3289. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $13. However, the stock managed to close at $13.03, a loss of 1.73% for the day. On the previous day, the stock had closed at $13.26. The total traded volume of the day was 2,169,969 shares.

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.

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