New Residential is an investment trust that focuses on acquiring mortgage-related assets. The company is known for its investments in mortgage servicing rights and the overall residential marketplace. It’s a company to definitely consider for 2019. New Residential is a publicly traded company that had a successful 2018 and also has had success in the consumer loan industry.
New Residential had a volatile last week of January. Its Historic Volatility was recorded at 2.84%. The company’s 52-week high was listed at $18.75. Its low at $13.86. Before that, on the 15th of January, Zacks Investment Research lowered New Residential’s rating. It went down from a ‘buy’ to a hold’. Even prior to that, Credit Suisse Group gave a ‘buy’ rating for shares of the Company.
Analysts recognize the growth potential of New Residential. Analysts have given the company a forecast for one year which hits an average of $19.25. New Resident Investment Corp. is an investment trust to watch in the first quarter of 2019.
Read More: ir.newresi.com/CorporateProfile