New Residential Investment Corp. (NYSE:NRZ)‘s stock had its “buy” rating reiterated by analysts at Keefe, Bruyette & Woods in a note issued to investors on Thursday. They currently have a $18.00 target price on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 9.36% from the stock’s current price.

Several other equities research analysts also recently commented on the stock. Piper Jaffray Companies restated a “buy” rating and issued a $18.00 price target on shares of New Residential Investment Corp. in a research report on Sunday, August 27th. ValuEngine upgraded shares of New Residential Investment Corp. from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 20th. Zacks Investment Research downgraded shares of New Residential Investment Corp. from a “buy” rating to a “sell” rating in a research report on Wednesday, July 5th. BidaskClub upgraded shares of New Residential Investment Corp. from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. Finally, Vetr downgraded shares of New Residential Investment Corp. from a “buy” rating to a “hold” rating and set a $16.55 price target for the company. in a research report on Thursday, July 20th. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. New Residential Investment Corp. presently has an average rating of “Buy” and an average target price of $16.89.

Shares of New Residential Investment Corp. (NRZ) traded down 0.152% during mid-day trading on Thursday, hitting $16.435. 1,420,567 shares of the stock traded hands. New Residential Investment Corp. has a 52 week low of $13.30 and a 52 week high of $17.86. The stock has a 50-day moving average of $16.56 and a 200-day moving average of $16.51. The company has a market cap of $5.05 billion, a price-to-earnings ratio of 5.834 and a beta of 1.02.

New Residential Investment Corp. (NYSE:NRZ) last issued its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $1.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.48. The business had revenue of $356.80 million during the quarter, compared to the consensus estimate of $202.40 million. New Residential Investment Corp. had a net margin of 55.85% and a return on equity of 19.02%. During the same quarter in the prior year, the firm earned $0.52 EPS. Analysts anticipate that New Residential Investment Corp. will post $2.56 EPS for the current year.

WARNING: This piece was originally reported by American Banking News and is owned by of American Banking News. If you are reading this piece on another domain, it was illegally copied and reposted in violation of U.S. and international copyright & trademark law. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2017/09/14/keefe-bruyette-woods-reiterates-buy-rating-for-new-residential-investment-corp-nrz.html.

Hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in shares of New Residential Investment Corp. by 39,965.7% during the 1st quarter. BlackRock Inc. now owns 26,571,141 shares of the real estate investment trust’s stock valued at $451,177,000 after purchasing an additional 26,504,822 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of New Residential Investment Corp. by 28.9% during the 1st quarter. Vanguard Group Inc. now owns 24,818,674 shares of the real estate investment trust’s stock valued at $421,421,000 after purchasing an additional 5,571,198 shares in the last quarter. BlackRock Fund Advisors raised its holdings in shares of New Residential Investment Corp. by 20.4% during the 3rd quarter. BlackRock Fund Advisors now owns 13,033,899 shares of the real estate investment trust’s stock valued at $179,998,000 after purchasing an additional 2,205,259 shares in the last quarter. EJF Capital raised its holdings in shares of New Residential Investment Corp. by 7.5% during the 3rd quarter. EJF Capital now owns 9,909,214 shares of the real estate investment trust’s stock valued at $129,811,000 after purchasing an additional 692,846 shares in the last quarter. Finally, Citigroup Inc. raised its holdings in shares of New Residential Investment Corp. by 2.8% during the 2nd quarter. Citigroup Inc. now owns 8,330,259 shares of the real estate investment trust’s stock valued at $115,291,000 after purchasing an additional 230,819 shares in the last quarter. Institutional investors own 47.81% 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.

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

Receive News & Ratings for New Residential Investment Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Residential Investment Corp. and related companies with MarketBeat.com's FREE daily email newsletter.