New Residential Investment (NYSE:NRZ) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.38 by 8 Brokerage Firm. 6 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 1 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. Compass Point downgrades its rating on New Residential Investment (NYSE:NRZ). Analysts at the Compass Point have a current rating of Neutral on the shares. The shares were previously rated Buy. The rating by the firm was issued on May 18, 2016.
New Residential Investment (NYSE:NRZ) stock has received a short term price target of $ 15.64 from 7 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $1.11. The higher estimate of target price is $18 , while the lower price target estimate is $15
New Residential Investment (NYSE:NRZ) witnessed a decline in the market cap on Tuesday as its shares dropped 0.22% or 0.03 points. After the session commenced at $13.43, the stock reached the higher end at $13.48 while it hit a low of $13.27. With the volume soaring to 1,609,458 shares, the last trade was called at $13.4. The company has a 52-week high of $16.24. The company has a market cap of $3,088 million and there are 230,471,200 shares in outstanding. The 52-week low of the share price is $9.07.
Shares of New Residential Investment Corp. rose by 0.9% in the last five trading days and 0.53% for the last 4 weeks. New Residential Investment Corp. is up 20.37% in the last 3-month period. Year-to-Date the stock performance stands at 14.63%.
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.