New Residential Investment (NYSE:NRZ) : 7 Wall Street analysts covering New Residential Investment (NYSE:NRZ) believe that the average level the stock could reach for the short term is $15.64. The maximum price target given is $18 and the minimum target for short term is around $15, hence the standard deviation is calculated at $1.11.
Shares of New Residential Investment Corp. rose by 3.52% in the last five trading days and 0.58% for the last 4 weeks. New Residential Investment Corp. is up 19.41% in the last 3-month period. Year-to-Date the stock performance stands at 18.4%. Also, Equity Analysts at the Brokerage Firm, Compass Point, downgrades their rating on the shares of New Residential Investment (NYSE:NRZ). Compass Point has a Neutral rating on the shares. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on May 18, 2016.
New Residential Investment (NYSE:NRZ) : Zacks Investment Research ranks New Residential Investment (NYSE:NRZ) as 3, which is a Hold recommendation. 6 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 8 research analysts is 1.38, which indicates as a Strong Buy.
New Residential Investment (NYSE:NRZ): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $13.45 and $13.38 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.84. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.84, notching a gain of 2.98% for the day. The total traded volume was 4,107,735 . The stock had closed at $13.44 on the previous day.
In an insider trading activity, 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.