New Residential Investment (NRZ) : 7 analysts are covering New Residential Investment (NRZ) and their average rating on the stock is 1.43, which is read as a Strong Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. New Residential Investment (NRZ) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
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.
Shares of New Residential Investment Corp. rose by 1.43% in the last five trading days and 4.89% for the last 4 weeks. New Residential Investment Corp. is up 9.22% in the last 3-month period. Year-to-Date the stock performance stands at 25.2%. New Residential Investment (NYSE:NRZ): stock turned positive on Tuesday. Though the stock opened at $14.12, the bulls momentum made the stock top out at $14.16 level for the day. The stock recorded a low of $14.05 and closed the trading day at $14.15, in the green by 0.86%. The total traded volume for the day was 1,909,055. The stock had closed at $14.03 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.