New Residential Investment (NRZ) has been under a strong bear grip, hence the stock is down -4.71% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.4% in the past 1 week. The stock has risen by 1.33% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.51% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 2.98% and the 50-Day Moving Average is 4.23%. New Residential Investment Corp. is up 16.85% in the last 3-month period. Year-to-Date the stock performance stands at 20.95%.
New Residential Investment (NYSE:NRZ): stock turned positive on Friday. Though the stock opened at $13.6, the bulls momentum made the stock top out at $13.67 level for the day. The stock recorded a low of $13.52 and closed the trading day at $13.67, in the green by 0.81%. The total traded volume for the day was 1,787,683. The stock had closed at $13.56 in the previous days trading.
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.