New Residential Investment (NRZ) has risen sharply, recording gains of 1.98% in the past 4 weeks. However, the stock has corrected -0.64% in the past 1 week, providing a good buying opportunity on dips. New Residential Investment (NRZ) : Traders are bullish on New Residential Investment (NRZ) as it has outperformed the S&P 500 by a wide margin of 2.19% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.01%, relative to the S&P 500.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 1.11% and the fifty day Moving Average is 3.16%. New Residential Investment Corp. is up 6.4% in the last three month period. Year-to-Date the stock performance stands at 23.34%.
New Residential Investment (NRZ) : Average target price received by New Residential Investment (NRZ) is $15.42 with an expected standard deviation of $0.49. The most aggressive target on the stock is $16, whereas the most downbeat target is $15. 6 financial analysts are currently covering the stock.
New Residential Investment (NYSE:NRZ): On Fridays trading session , Opening price of the stock was $14.15 with an intraday high of $14.19. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $13.77. However, the stock managed to close at $13.94, a loss of 1.48% for the day. On the previous day, the stock had closed at $14.15. The total traded volume of the day was 3,513,764 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.