New Residential Investment Corp. (NYSE:NRZ) registered a -3.75% decrease, still its new closing price is 84.94% up from the company’s 1 year high of 16.33.It posted -2.73% losses in previous 5 sessions and is now the subject of 3 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 3 buy or better ratings. The 10 stock analysts following this company have an average price target at $16.25, with individual PT in the $15.00-$17.00 range. The shares moved at $15.66, implying that brokerage firms see shares gaining about 57.34% in twelve months time.
New Residential Investment Corp. (NRZ) SEC Form 4 News
The stock is getting much attention these days as insiders are adding shares while they posted a -0.38% fall year to date. A Director at New Residential Investment Corp. (NRZ) acquired shares in a transaction closed on Friday November 11, 2016. Sloves Andrew bought 13,200 shares in the company at $14.22 each and collected $187,001 in proceeds. Sloves Andrew now owns 11,700 shares in the company after this transaction. A CEO and President in the company, Nierenberg Michael, disclosed a transaction on Monday June 15, 2015 that ended up paying $146,000 from the purchase of 9,100 shares at $16.05 per share.
New Residential Investment Corp. (NYSE:NRZ) Upcoming Results on Tap
New Residential Investment Corp. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.52 in that period. Sales during the quarter are predicted to arrive at $170.06 million.
Earnings surprise history: Last quarter, the company posted approximately $185.9 million in revenue and EPS of $0.51. The mean forecast was for $156.34 million and $0.49 a share, respectively. One quarter earlier, revenue for the stock was at $176.79 million, with earnings at $0.52/share.
New Residential Investment Corp. (NRZ) Brokerage Update
New Residential Investment Corp. (NRZ) is in Compass Point’s research list so their analyst rating change is noteworthy. These shares were downgraded to Neutral from Buy by Compass Point, according to news reported on Wednesday May 18, 2016.Another important research note was issued by Piper Jaffray on Monday October 19, 2015.The firm upgraded NRZ to Overweight from Neutral. Over the last six months and over the last three months, the shares of New Residential Investment Corp. (NRZ), have changed 21.85% and 16.15%, respectively.