Keefe, Bruyette & Woods reiterated their buy rating on shares of New Residential Investment Corp. (NYSE:NRZ) in a research report released on Thursday morning. The firm currently has a $18.00 price objective on the real estate investment trust’s stock.

Several other research firms have also weighed in on NRZ. Vetr lowered New Residential Investment Corp. from a hold rating to a sell rating and set a $16.55 target price on the stock. in a report on Wednesday, August 2nd. ValuEngine upgraded New Residential Investment Corp. from a buy rating to a strong-buy rating in a report on Tuesday, August 1st. BidaskClub upgraded New Residential Investment Corp. from a hold rating to a buy rating in a report on Tuesday, August 1st. Wedbush lowered New Residential Investment Corp. from an outperform rating to a neutral rating and cut their price target for the company from $17.00 to $16.50 in a report on Tuesday, June 20th. Finally, Piper Jaffray Companies restated a buy rating and issued a $18.00 price target on shares of New Residential Investment Corp. in a report on Sunday, August 27th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of Buy and an average target price of $16.89.

Shares of New Residential Investment Corp. (NYSE:NRZ) opened at 16.53 on Thursday. New Residential Investment Corp. has a one year low of $13.30 and a one year high of $17.86. The firm has a market cap of $5.08 billion, a price-to-earnings ratio of 5.87 and a beta of 1.02. The stock has a 50 day moving average price of $16.60 and a 200 day moving average price of $16.50.

New Residential Investment Corp. (NYSE:NRZ) last posted its earnings results on Monday, July 31st. The real estate investment trust reported $1.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.48. The firm had revenue of $356.80 million for the quarter, compared to analyst estimates of $202.40 million. New Residential Investment Corp. had a return on equity of 19.02% and a net margin of 55.85%. During the same period in the previous year, the company posted $0.52 earnings per share. On average, equities research analysts forecast that New Residential Investment Corp. will post $2.56 EPS for the current year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in NRZ. IFP Advisors Inc increased its position in New Residential Investment Corp. by 9.6% during the second quarter. IFP Advisors Inc now owns 7,194 shares of the real estate investment trust’s stock worth $112,000 after buying an additional 629 shares during the last quarter. Penserra Capital Management LLC increased its position in New Residential Investment Corp. by 8.4% during the second quarter. Penserra Capital Management LLC now owns 7,631 shares of the real estate investment trust’s stock worth $118,000 after buying an additional 593 shares during the last quarter. Public Employees Retirement Association of Colorado acquired a new position in New Residential Investment Corp. during the second quarter worth approximately $150,000. Laurion Capital Management LP acquired a new position in New Residential Investment Corp. during the second quarter worth approximately $166,000. Finally, Janus Henderson Group PLC acquired a new position in New Residential Investment Corp. during the second quarter worth approximately $168,000. 47.81% of the stock is currently owned by hedge funds and other institutional investors.

About New Residential Investment Corp.

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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