New Residential Investment (NRZ) : Zacks Investment Research ranks New Residential Investment (NRZ) as 4, which is a Sell 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 (NRZ) : Average target price received by New Residential Investment (NRZ) is $15.64 with an expected standard deviation of $1.11. The most aggressive target on the stock is $18, whereas the most downbeat target is $15. 7 financial analysts are currently covering the stock.
For the current week, the company shares have a recommendation consensus of Buy. Also, Equity analysts at the Brokerage firm Compass Point downgrades its rating on New Residential Investment (NYSE:NRZ). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on May 18, 2016.
New Residential Investment (NYSE:NRZ): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $13.91 and $13.87 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.16. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.11, notching a gain of 1.44% for the day. The total traded volume was 2,934,217 . The stock had closed at $13.91 on the previous day.
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.