Vetr cut shares of New Residential Investment Corp. (NYSE:NRZ) from a buy rating to a hold rating in a research report sent to investors on Wednesday. They currently have $17.14 price target on the real estate investment trust’s stock.

Several other analysts have also recently weighed in on the stock. Piper Jaffray Companies reiterated a buy rating and issued a $18.00 price target on shares of New Residential Investment Corp. in a report on Sunday, August 27th. Zacks Investment Research upgraded shares of New Residential Investment Corp. from a sell rating to a hold rating in a report on Saturday, August 12th. Keefe, Bruyette & Woods reissued a buy rating and set a $18.00 price objective on shares of New Residential Investment Corp. in a research report on Thursday, August 3rd. ValuEngine raised New Residential Investment Corp. from a buy rating to a strong-buy rating in a research report on Tuesday, August 1st. Finally, BidaskClub raised New Residential Investment Corp. from a hold rating to a buy rating in a research report on Tuesday, August 1st. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $16.89.

New Residential Investment Corp. (NYSE NRZ) traded up 0.213% on Wednesday, hitting $16.495. 732,603 shares of the company were exchanged. New Residential Investment Corp. has a 52 week low of $13.30 and a 52 week high of $17.86. The company has a market capitalization of $5.07 billion, a price-to-earnings ratio of 5.856 and a beta of 1.02. The stock has a 50 day moving average of $16.56 and a 200 day moving average of $16.51.

New Residential Investment Corp. (NYSE:NRZ) last issued its earnings results on Monday, July 31st. The real estate investment trust reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.48. New Residential Investment Corp. had a net margin of 55.85% and a return on equity of 19.02%. The firm had revenue of $356.80 million for the quarter, compared to analysts’ expectations of $202.40 million. During the same quarter last year, the business earned $0.52 earnings per share. Analysts predict that New Residential Investment Corp. will post $2.56 EPS for the current fiscal year.

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Several large investors have recently made changes to their positions in the stock. Alps Advisors Inc. grew its stake in shares of New Residential Investment Corp. by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 28,952 shares of the real estate investment trust’s stock valued at $450,000 after acquiring an additional 75 shares during the period. Commerzbank Aktiengesellschaft FI lifted its holdings in New Residential Investment Corp. by 0.7% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 10,500 shares of the real estate investment trust’s stock worth $178,000 after purchasing an additional 77 shares in the last quarter. US Bancorp DE lifted its holdings in New Residential Investment Corp. by 0.6% in the 2nd quarter. US Bancorp DE now owns 15,807 shares of the real estate investment trust’s stock worth $245,000 after purchasing an additional 100 shares in the last quarter. Trust Investment Advisors lifted its holdings in New Residential Investment Corp. by 0.4% in the 2nd quarter. Trust Investment Advisors now owns 93,325 shares of the real estate investment trust’s stock worth $1,452,000 after purchasing an additional 350 shares in the last quarter. Finally, Penserra Capital Management LLC lifted its holdings in New Residential Investment Corp. by 8.4% in the 2nd quarter. Penserra Capital Management LLC now owns 7,631 shares of the real estate investment trust’s stock worth $118,000 after purchasing an additional 593 shares in the last quarter. Institutional investors own 47.81% of the company’s stock.

New Residential Investment Corp. Company Profile

New Residential Investment Corp. is a real estate investment trust (REIT). The Company focuses on investing in, and managing, investments related to residential real estate. The Company’s segments include investments in excess mortgage servicing rights (Excess MSRs); investments in mortgage servicing rights (MSRs); investments in servicer advances; investments in real estate securities; investments in residential mortgage loans; investments in consumer loans, and corporate.

Analyst Recommendations for New Residential Investment Corp. (NYSE:NRZ)

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