Analysts have clear opinions on NRZ.
There are 5 analysts on the Wall offering 12 month price targets for New Residential Inv in the last 3 months. The average price target is $18.20 with a high forecast of $19.00 and a low forecast of $16.00. The average price target represents a 10.44% increase from the last price of $16.48.
New Residential Investment Corp. (NRZ) is followed by 5 analysts on the street.
Jason Weaver from Compass Point rates it a Buy with a target of $19.00.
Similarly, 2 months ago Kevin Barker of Piper Sandler Downgraded a Hold with a target of $16.00.
The consensus on the street is Strong Buy.
What does New Residential Investment Corp.(NRZ) do ?
New Residential Investment Corp. is a real estate investment trust, which focuses on investing and actively managing, investments related to residential real estate. It operates through the followings segments: Excess Mortgage Servicing Rights (MSRs), MSRs, Servicer Advances, Real Estate Securities, Residential Mortgage Loans, Consumer Loans and Corporate. The Excess MSRs, MSRs, Servicer Advances, Real Estate Securities, Residential Mortgage Loans and Consumer Loans segments represent the investments in their respective categories. The Corporate segment includes general and administrative expenses, the management fees and incentive compensation, and corporate cash and related interest income. The company was founded in 2011 and is headquartered in New York, NY.
New Residential Investment Corp. (NRZ) Insider Trades
Multiple company employees have indulged in significant insider trading. New Residential Investment Corp. disclosed the following in a document filed with the US Securities and Exchange Commission (SEC):
Dir, Sloves Andrew : P – Purchase(+$15,930) of NRZ in the trading session of 2019-11-06.
Dir McGinnis Robert : P – Purchase(+$70,777) of NRZ in the trading session of 2019-10-30.
Dir Sloves Andrew : P – Purchase(+$29,974) of New Residential Investment Corp. in the trading session of 2019-05-14.
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