Short Term Rating on New Residential Investment (NRZ)

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) : The most positive equity analysts on New Residential Investment (NRZ) expects the shares to touch $18, whereas, the least positive believes that the stock will trade at $15 in the short term. The company is covered by 7 Wall Street Brokerage Firms. The average price target for shares are $15.64 with an expected fluctuation of $1.11 from the mean.

For the current week, the company shares have a recommendation consensus of Buy.


New Residential Investment (NYSE:NRZ): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $13.14 and $13.14 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.31. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.25, notching a gain of 0.84% for the day. The total traded volume was 2,084,520 . The stock had closed at $13.14 on the previous day.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.