Economy

New Residential Investment Corp. (NYSE:NRZ) Downgraded by BidaskClub

(NYSE NRZ) opened at 15.96 on Friday. The brokerage now has a $17.50 price target on the real estate investment trust's stock.

Altisource Residential Corporation had its " rating reiterated by analysts at Deutsche Bank.

03/03/2014 - Thomson Reuters/Verus began new coverage on Altisource Residential Corporation giving the company a " rating. "That said, we acknowledge that it could take some time for the market to work through the headline noise now surrounding the stock, which could mean that shares remain range-bound in the near-term.", the firm's analyst wrote.

(NRZ) is 0.54 while the analysts predicted the EPS of the stock to be 0.53 suggesting the company fell short of the analysts' expectations.

Analysts expect New Residential Investment Corp (NYSE:NRZ) to report $0.55 EPS on August, 1.They anticipate $0.03 EPS change or 5.77% from last quarter's $0.52 EPS. Finally, Keefe, Bruyette & Woods set a $17.00 target price on New Residential Investment Corp. and gave the company a "buy" rating in a research report on Tuesday, June 6th. ValuEngine lowered shares of New Residential Investment Corp. from a strong-buy rating to a buy rating in a research report on Friday, June 30th. Natl Bank Of New York Mellon holds 0.01% of its portfolio in New Residential Investment Corp (NYSE:NRZ) for 2.94M shares.

Among 2 analysts covering Stoneridge (NYSE:SRI), 1 have Buy rating, 0 Sell and 1 Hold. New Residential Investment Corp. presently has a consensus rating of "Buy" and a consensus price target of $16.51. New Residential Investment Corp (NYSE:NRZ) has risen 22.04% since July 21, 2016 and is uptrending. (NYSE NRZ) traded up 0.25% on Thursday, hitting $15.96. The company has a market capitalization of $4.91 billion, a PE ratio of 7.83 and a beta of 1.00. The firm's 50 day moving average price is $13.22 and its 200 day moving average price is $13.55.

COPYRIGHT VIOLATION WARNING: "Geode Capital Management LLC Acquires 984,728 Shares of New Residential Investment Corp".

Currently, EPS of New Residential Investment Corp. (NYSE:NRZ) last posted its quarterly earnings results on Monday, May 1st. After $0.54 actual EPS reported by New Residential Investment Corp for the previous quarter, Wall Street now forecasts 1.85 % EPS growth.

The main United States indices ended Friday's session weaker, as U.S. economic growth cooled to the slowest pace in three years in the first quarter and geopolitical concerns reemerged. During the same quarter previous year, the company posted $0.49 EPS. Ent Financial Ser has 0% invested in New Residential Investment Corp (NYSE:NRZ). New Residential Investment Corp.'s dividend payout ratio is now 98.52%. "(NRZ)" was originally published by Markets Daily and is the sole property of of Markets Daily. If you are reading this piece of content on another publication, it was illegally stolen and reposted in violation of US and global trademark & copyright legislation. The original version of this article can be read at https://stocknewstimes.com/2017/07/22/james-investment-research-inc-purchases-71845-shares-of-new-residential-investment-corp-nysenrz.html.

The business also recently announced a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Monday, July 3rd will be issued a dividend of $0.50 per share. Thompson Davis And Incorporated has invested 0.22% in New Residential Investment Corp (NYSE:NRZ). Sell-side firms, on a consensus basis have a $15.33 price target on the name and a 2.30 recommendation, according to First Call. The ex-dividend date was Wednesday, June 28th. New Residential Investment Corp.'s dividend payout ratio (DPR) is 98.52%. It dived, as 24 investors sold NRZ shares while 69 reduced holdings. Moreover, Baldwin Brothers Incorporated Ma has 0.02% invested in New Residential Investment Corp (NYSE:NRZ) for 8,000 shares. BlackRock Inc. now owns 26,571,141 shares of the real estate investment trust's stock worth $451,177,000 after buying an additional 26,504,822 shares during the last quarter. Penserra Capital Management LLC increased its position in shares of New Residential Investment Corp.by 73.2% in the first quarter. NEXT Financial Group Inc now owns 9,241 shares of the real estate investment trust's stock valued at $154,000 after buying an additional 1,784 shares during the period. Vanguard Group Inc. raised its position in New Residential Investment Corp.by 28.9% in the first quarter. Creative Planning now owns 58,822 shares of the real estate investment trust's stock worth $999,000 after buying an additional 6,386 shares during the period. Visionary Asset Management Inc. bought a new position in shares of New Residential Investment Corp. during the second quarter worth $307,000. Acrospire Investment Management LLC now owns 8,897 shares of the real estate investment trust's stock valued at $151,000 after buying an additional 4,317 shares during the period.

Green Square Capital LLC acquired a new stake in New Residential Investment Corp.

A number of other hedge funds have also modified their holdings of NRZ.

New Residential Investment Corp.is a real estate investment trust (REIT).



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