New Residential Investment (NRZ) Receives Price Target

New Residential Investment (NRZ) : Currently there are 6 street experts covering New Residential Investment (NRZ) stock. The most bullish and bearish price target for the stock is $16 and $15 respectively for the short term. The average price target of all the analysts comes to $15.42. The estimated standard deviation from the target is $0.49.

New Residential Investment (NRZ) has an average broker rating of 1.43, which is interpreted as a Strong Buy, as rated by 7 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.


Also, In a research note released to the investors, Barclays maintains its rating on New Residential Investment (NYSE:NRZ).The analysts at the brokerage house have a current rating of Overweight on the shares. In a recent information released to the investors, Barclays raises the new price target from $15 per share to $16 per share. The rating by the firm was issued on August 10, 2016.

New Residential Investment (NYSE:NRZ): The stock opened at $14.38 on Thursday but the bulls could not build on the opening and the stock topped out at $14.42 for the day. The stock traded down to $14.13 during the day, due to lack of any buying support eventually closed down at $14.28 with a loss of -0.49% for the day. The stock had closed at $14.35 on the previous day. The total traded volume was 1,971,514 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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