New Residential Investment (NRZ) : The consensus on New Residential Investment (NRZ) based on 7 analyst recommendation on the company stock is 1.43, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
New Residential Investment (NRZ) stock is expected to deviate a maximum of $0.49 from the average target price of $15.42 for the short term period. 6 Street Experts have initiated coverage on the stock with the most promising target being $16 and the most muted being $15.
Also, In a research note released to the investors, PiperJaffray assumes its rating on New Residential Investment (NYSE:NRZ).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, PiperJaffray announces the price target of $16 per share. The rating by the firm was issued on September 9, 2016.
New Residential Investment (NYSE:NRZ): The stock opened in the green at $14.43 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $14.49 and a low of $14.32 for the day. The stock did not find buyers even at the lows and closed at $14.37 recording a loss of -0.28%. 3,091,441 shares exchanged hands during the trading day. The stock had closed at $14.41 in the previous days trading.
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.