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New Residential Investment (NRZ) in Focus: Stock Moves 12.5% Higher

Zacks Equity Research

New Residential Investment Corp. NRZ was a big mover last session, as the company saw its shares rise nearly 13% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company, as the stock is now down 50.5% in the past one-month time frame.

The company has seen one negative estimate revision in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few months, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

New Residential Investment currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

New Residential Investment Corp. Price

New Residential Investment Corp. Price

New Residential Investment Corp. price | New Residential Investment Corp. Quote

A better-ranked stock in the REIT and Equity Trust industry is ARMOUR Residential REIT, Inc. ARR, holding a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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