New Residential Investment (NRZ) : Zacks Investment Research ranks New Residential Investment (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 (NRZ) : 7 Wall Street analysts covering New Residential Investment (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.
For the current week, the company shares have a recommendation consensus of Buy. New Residential Investment (NYSE:NRZ): The stock opened at $14.11 on Thursday but the bulls could not build on the opening and the stock topped out at $14.19 for the day. The stock traded down to $14.05 during the day, due to lack of any buying support eventually closed down at $14.11 with a loss of -2.56% for the day. The stock had closed at $14.48 on the previous day. The total traded volume was 17,518,599 shares.
In a related news, Nierenberg Michael, CEO of New Residential Investment Corp., executed a transaction worth $146,055 on June 15, 2015. A total of 9,100 shares were purchased at an average price of $16.05. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. 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.