New Residential Investment (NRZ) : During the past 4 weeks, traders have been relatively bearish on New Residential Investment (NRZ), hence the stock is down -3.91% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.32% relative to the S&P 500. The 4-week change in the price of the stock is -4.43% and the stock has fallen -3.16% in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.78% and the 50-Day Moving Average is 0.89%.The 200 Day SMA reached 17.14%
New Residential Investment (NYSE:NRZ): After opening at $13.81, the stock dipped to an intraday low of $13.73 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $13.89 and the buying power remained strong till the end. The stock closed at $13.81 for the day, a gain of 0.22% for the day session. The total traded volume was 2,219,938. The stocks close on the previous trading day was $13.81.
New Residential Investment (NRZ) : 6 investment research analysts covering New Residential Investment (NRZ) have an average price target of $15.42 for the near short term. The highest target price given by the Brokerage Firm to the stock is $16 and the lowest target is $15 for the short term. Analysts expect the variance to be within $0.49 of the average price.
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.