New Residential Investment (NRZ) : 6 brokerage houses believe that New Residential Investment (NRZ) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on New Residential Investment (NRZ). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 8 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.38.
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.
New Residential Investment (NYSE:NRZ): The stock opened at $12.96 on Wednesday but the bulls could not build on the opening and the stock topped out at $13.10 for the day. The stock traded down to $12.73 during the day, due to lack of any buying support eventually closed down at $13.04 with a loss of -0.08% for the day. The stock had closed at $13.05 on the previous day. The total traded volume was 3,690,996 shares.
Also, In the latest statement by the brokerage house, Compass Point downgrades its outlook on New Residential Investment (NYSE:NRZ). The current rating of the shares is Neutral, according to the research report released by the firm. Previously, the company had a rating of Buy. The rating by the firm was issued on May 18, 2016. The company shares have dropped -14.37% from its 1 Year high price. On Jul 31, 2015, the shares registered one year high at $15.95 and the one year low was seen on Jan 14, 2016. The 50-Day Moving Average price is $13.46 and the 200 Day Moving Average price is recorded at $12.04.
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.