(NYSE:NRZ) Under Analyst Spotlight

(NRZ) now the company's industry has 12.4 P/E and the sector P/E is 16.25. They now have a Dollars 19 price target on the stock.

The share price of the company (NYSE:NRZ) was up +0.49%, with a high of 16.60 during the day and the volume of New Residential Investment Corp. shares traded was 2805703.

Several institutional investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc lifted its stake in shares of New Residential Investment 35.6% during the 1st quarter. Navellier & Associates Inc now owns 44,910 shares of the real estate investment trust's stock worth $699,000 after purchasing an additional 1,220 shares during the period. Penserra Capital Management LLC lifted its stake in shares of New Residential Investment 73.2% during the 1st quarter. Public Employees Retirement System of OH now owns 149,734 shares of the real estate investment trust's stock worth $2,330,000 after purchasing an additional 137,783 shares during the period. Public Employees Retirement System of OH grew its holdings in shares of New Residential Investment 1,152.9% during the 2nd quarter.

683 Capital Management Llc decreased its stake in New Residential Invt Corp (NRZ) by 89.2% based on its latest 2016Q4 regulatory filing with the SEC. Bank of America Corp DE now owns 5,291,446 shares of the real estate investment trust's stock worth $89,849,000 after acquiring an additional 451,323 shares during the last quarter. New Residential Investment Corp (NYSE:NRZ) has risen 22.04% since September 20, 2016 and is uptrending. NEXT Financial Group Inc now owns 9,241 shares of the real estate investment trust's stock worth $154,000 after purchasing an additional 1,784 shares during the last quarter. The Company invests in agency RMBS and non-agency RMBS. If you are reading this article on another publication, it was stolen and reposted in violation of United States & worldwide copyright laws. The original version of this story can be accessed at New Residential Investment Corp has a 12-month low of $12.58 and a 12-month high of $17.86. (NRZ) traded up 0.18% during midday trading on Thursday, reaching $16.78.

The company declined -0.24% and closed its last trading session at $16.79. The firm's 50-day moving average is $16.97 and its 200-day moving average is $15.93. For the outlook of the current financial quarter, Analysts think the firm will post 0.57 earnings per share. Finally, Caxton Associates LP grew its holdings in shares of New Residential Investment 13.7% during the 2nd quarter.

About New Residential Investment Corp. (NRZ) reported earning per shares for the quarter ending Jul 31 BMO at 1.03, whereas, 7 number of analysts estimated the mean EPS at 0.54. The business had revenue of $356.80 million for the quarter, compared to analyst estimates of $202.40 million.

Welltower Inc. most recently reported earnings per share (EPS) of $1.06 for the June 2017 versus $1.15 in the same quarter previous year, representing -8% growth. On average, equities research analysts expect that New Residential Investment Corp. will post $2.56 EPS for the current year. Wedbush downgraded New Residential Investment Corp. from an "outperform" rating to a "neutral" rating and lowered their target price for the company from $17.00 to $16.50 in a research report on Tuesday, June 20th. Zacks Investment Research cut New Residential Investment Corp. from a "buy" rating to a "sell" rating in a research note on Wednesday, July 5th. BidaskClub raised shares of New Residential Investment Corp. from a hold rating to a buy rating in a report on Tuesday, August 1st. A stock rating will usually tell the investor how well a stock's market value relates to what analysts believe is a fair value for the stock, based on an objective evaluation of the company. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. The stock now has an average rating of "Buy" and an average target price of $16.89.

Most recently New Residential Investment Corp. The Company focuses on investing in, and managing, investments related to residential real estate.

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