Economy

(NYSE:NRZ) Rating Reiterated by FBR & Co

ValuEngine raised shares of New Residential Investment Corp. from a "buy" rating to a "strong-buy" rating in a report on Monday, October 2nd. They now have a Dollars 17.5 price target on the stock. FBR & Co also issued estimates for New Residential Investment Corp.'s Q1 2018 earnings at $0.52 EPS, Q2 2018 earnings at $0.52 EPS, Q3 2018 earnings at $0.52 EPS and Q4 2018 earnings at $0.53 EPS. Geode holds 126,127 shares or 0% of its portfolio. (NYSE:NRZ) traded up 0.029% during midday trading on Thursday, hitting $17.165.

In other news, Director Andrew Sloves bought 13,200 shares of the company's stock in a transaction that occurred on Friday, November 11th. (NRZ) - averaging the work of different analysts - reveals a mean PT of $17.38/share. Credit Suisse Group AG set a $17.00 price target on shares of New Residential Investment Corp. and gave the stock a buy rating in a research note on Monday, August 8th. Keefe, Bruyette & Woods reaffirmed a "buy" rating and issued a $18.00 price objective on shares of New Residential Investment Corp.in a report on Thursday, September 14th.

10/26/2016 - Nomura began new coverage on New Residential Investment Corp. giving the company a "neutral" rating. New Residential Investment Corp. has a consensus rating of Buy and a consensus price target of $15.79. New Residential Investment Corp had 18 analyst reports since August 12, 2015 according to SRatingsIntel. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. New Residential Investment Corp. now has an average rating of "Buy" and a consensus target price of $16.97. (NRZ) opened at 17.25 on Monday.

American Assets Capital Advisers increased New Residential Invt Corp (NRZ) stake by 79.4% reported in 2017Q2 SEC filing. The 50 day moving average was up by +1.97% and the 200 day average was up $0.60. Visionary Asset Mgmt holds 0.09% in New Residential Investment Corp (NYSE:NRZ) or 19,751 shares. (NYSE:NRZ) last released its earnings results on Monday, July 31st. The real estate investment trust reported $1.03 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.55 by $0.48.

New Residential Investment Corp.is a real estate investment trust. About shares traded. New Residential Investment Corp (NYSE:NRZ) has risen 22.04% since October 20, 2016 and is uptrending. "(NRZ) Lowered to Hold at Vetr Inc." was published by Week Herald and is the sole property of of Week Herald. If you are reading this report on another website, it was illegally stolen and republished in violation of USA & worldwide copyright law. The correct version of this piece can be accessed at https://stocknewstimes.com/2017/10/20/new-residential-investment-corp-nrz-rating-reiterated-by-fbr-co.html. Additionally the company recently declared a dividend payable on Friday the 27th of October 2017. This represents a $2.00 annualized dividend and a dividend yield of 11.59%. The Firm focuses on investing in, and managing, investments related to residential real estate. After $1.03 actual EPS reported by New Residential Investment Corp for the previous quarter, Wall Street now forecasts -45.63% negative EPS growth. NEXT Financial Group Inc now owns 7,410 shares of the real estate investment trust's stock worth $102,000 after buying an additional 1,201 shares during the period. Moreover, California Pub Employees Retirement Sys has 0% invested in Independent Bank Group Inc (NASDAQ:IBTX) for 6,100 shares. Public Employees Retirement System of OH now owns 10,857 shares of the real estate investment trust's stock worth $150,000 after buying an additional 1,798 shares during the period. Baldwin Brothers Inc. MA purchased a new stake in shares of New Residential Investment Corp. during the third quarter worth about $110,000. The value of the investment in NRZ went from $582,000 to $68,231,000 a change of $67,649,000 since the last quarter. The lowest target is $17.0 while the high is $17.5. It also reduced Charter Communications Inc N stake by 66,933 shares and now owns 36,167 shares. Institutional investors and hedge funds own 48.05% of the company's stock.

New Residential Investment Corp.is a real estate investment trust (REIT). Its portfolio includes mortgage servicing related assets, residential mortgage backed securities (RMBS), residential mortgage loans and other investments.



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