Large Inflow of Money Witnessed in New Residential Investment

New Residential Investment (NRZ) : Investors lapped up stocks on upticks to the tune of $1.39 million in the Thursdays trading session. The trading value on downticks was comparatively at $0.94 million and the uptick to downtick ratio of 1.48 indicates continuous buying by the bulls. The net money flow into the stock was $0.45 million. The block trades were dominated by the bulls with a healthy 1.46, uptick to downtick ratio. Only $0.52 million worth of trades exchanged hands on downticks showing the reluctance of the large traders to part with their holdings. Upticks saw transactions worth $0.77 clearly indicating buying by large investors. The total money flow for block trades stood at $0.24 million, which is a positive for the stock in the long-term. New Residential Investment (NRZ) fell $0.08 during the day at $12.97, a drop of -0.58% over the previous days close. However, for the week, the stock is -6.59%, compared to the previous week.


New Residential Investment (NRZ) : The highest level New Residential Investment (NRZ) is projected to reach is $18 for the short term and the lowest estimate is at $15. The consolidated price target from 7 rating analysts who initiate coverage on the stock is $15.64 and the possibility the share price can swing is $1.11. The stock has recorded a 20-day Moving Average of 1.18% and the 50-Day Moving Average is 0.32%.

New Residential Investment (NYSE:NRZ): The stock opened at $13.01 on Thursday but the bulls could not build on the opening and the stock topped out at $13.07 for the day. The stock traded down to $12.76 during the day, due to lack of any buying support eventually closed down at $12.85 with a loss of -1.46% for the day. The stock had closed at $13.04 on the previous day. The total traded volume was 2,508,323 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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