New Residential Investment Corp. (NYSE:NRZ) was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating in a report issued on Thursday. They presently have a $16.55 target price on the real estate investment trust’s stock. Vetr‘s target price points to a potential upside of 3.96% from the stock’s previous close.

A number of other research analysts also recently commented on NRZ. FBR & Co reaffirmed an “outperform” rating and set a $17.50 price objective on shares of New Residential Investment Corp. in a research note on Tuesday, March 28th. Zacks Investment Research downgraded shares of New Residential Investment Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, April 4th. Keefe, Bruyette & Woods set a $17.00 price objective on shares of New Residential Investment Corp. and gave the company a “buy” rating in a research note on Tuesday, June 6th. BidaskClub raised shares of New Residential Investment Corp. from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. Finally, Wedbush downgraded shares of New Residential Investment Corp. from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $17.00 to $16.50 in a research note on Tuesday, June 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. New Residential Investment Corp. has an average rating of “Buy” and an average target price of $16.51.

Shares of New Residential Investment Corp. (NRZ) traded up 1.21% during mid-day trading on Thursday, hitting $15.92. 2,938,120 shares of the stock traded hands. The stock has a market cap of $4.89 billion, a price-to-earnings ratio of 7.81 and a beta of 1.00. New Residential Investment Corp. has a 12 month low of $13.30 and a 12 month high of $17.86. The firm has a 50 day moving average of $16.05 and a 200 day moving average of $16.37.

New Residential Investment Corp. (NYSE:NRZ) last posted its quarterly earnings data on Monday, May 1st. The real estate investment trust reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.01. New Residential Investment Corp. had a net margin of 43.60% and a return on equity of 15.48%. The company had revenue of $170.60 million during the quarter, compared to the consensus estimate of $239.83 million. During the same quarter in the prior year, the company posted $0.49 EPS. The company’s quarterly revenue was down 21.4% compared to the same quarter last year. On average, equities analysts expect that New Residential Investment Corp. will post $2.12 EPS for the current fiscal year.

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A number of institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in New Residential Investment Corp. by 39,965.7% in the first quarter. BlackRock Inc. now owns 26,571,141 shares of the real estate investment trust’s stock valued at $451,177,000 after buying an additional 26,504,822 shares during the period. Vanguard Group Inc. boosted its position in New Residential Investment Corp. by 28.9% in the first quarter. Vanguard Group Inc. now owns 24,818,674 shares of the real estate investment trust’s stock valued at $421,421,000 after buying an additional 5,571,198 shares during the period. Wellington Management Group LLP acquired a new position in New Residential Investment Corp. during the first quarter valued at approximately $59,515,000. Renaissance Technologies LLC acquired a new position in New Residential Investment Corp. during the first quarter valued at approximately $49,637,000. Finally, Whitebox Advisors LLC acquired a new position in New Residential Investment Corp. during the first quarter valued at approximately $41,328,000. Hedge funds and other institutional investors own 54.82% of the company’s stock.

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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for New Residential Investment Corp. (NYSE:NRZ)

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