Share on StockTwits

New Residential Investment Corp (NYSE:NRZ) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued to investors on Tuesday. The firm currently has a $6.20 price objective on the stock. Zacks‘s price target indicates a potential upside of 2.99% from the stock’s previous close.

Shares of New Residential Investment Corp (NYSE:NRZ) traded down 0.91% on Tuesday, hitting $5.965. 1,468,961 shares of the company’s stock traded hands. New Residential Investment Corp has a 52-week low of $5.79 and a 52-week high of $7.02. The stock’s 50-day moving average is $6.27 and its 200-day moving average is $6.34. The company has a market cap of $1.682 billion and a P/E ratio of 5.17.

New Residential Investment Corp (NYSE:NRZ) last announced its earnings results on Wednesday, May 14th. The company reported $0.16 earnings per share for the quarter.

New Residential Investment Corp., incorporated on September 26, 2013, is a real estate investment trust.

To view Zacks’ full report, visit Zacks’ official website.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.