New Residential Investment Corp. (NYSE:NRZ) was upgraded by Vetr from a “hold” rating to a “buy” rating in a report released on Monday. The firm currently has a $17.72 price objective on the real estate investment trust’s stock. Vetr‘s price objective suggests a potential upside of 5.92% from the stock’s current price.

Several other analysts have also recently issued reports on the company. Piper Jaffray Companies restated a “buy” rating and set a $18.00 price objective on shares of New Residential Investment Corp. in a research note on Sunday, August 27th. BidaskClub upgraded New Residential Investment Corp. from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. ValuEngine downgraded New Residential Investment Corp. from a “strong-buy” rating to a “buy” rating in a report on Friday, September 15th. Zacks Investment Research raised New Residential Investment Corp. from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Tuesday, July 4th. Finally, FBR & Co restated a “buy” rating and set a $17.50 price objective on shares of New Residential Investment Corp. in a research note on Monday, July 10th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $16.97.

New Residential Investment Corp. (NYSE:NRZ) opened at 16.73 on Monday. New Residential Investment Corp. has a 52-week low of $13.30 and a 52-week high of $17.86. The firm’s 50-day moving average price is $16.61 and its 200 day moving average price is $16.49. The firm has a market cap of $5.14 billion, a price-to-earnings ratio of 5.94 and a beta of 1.02.

New Residential Investment Corp. (NYSE:NRZ) last issued its earnings results on Monday, July 31st. The real estate investment trust reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.48. New Residential Investment Corp. had a net margin of 55.85% and a return on equity of 19.02%. The business had revenue of $356.80 million for the quarter, compared to analyst estimates of $202.40 million. During the same quarter in the prior year, the business posted $0.52 EPS. On average, equities research analysts forecast that New Residential Investment Corp. will post $2.56 EPS for the current year.

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Several institutional investors and hedge funds have recently made changes to their positions in the company. IFP Advisors Inc grew its position in shares of New Residential Investment Corp. by 9.6% during the second quarter. IFP Advisors Inc now owns 7,194 shares of the real estate investment trust’s stock worth $112,000 after acquiring an additional 629 shares during the last quarter. Penserra Capital Management LLC lifted its position in New Residential Investment Corp. by 8.4% in the 2nd quarter. Penserra Capital Management LLC now owns 7,631 shares of the real estate investment trust’s stock valued at $118,000 after purchasing an additional 593 shares during the last quarter. Public Employees Retirement Association of Colorado bought a new stake in New Residential Investment Corp. in the 2nd quarter valued at about $150,000. Laurion Capital Management LP bought a new stake in New Residential Investment Corp. in the 2nd quarter valued at about $166,000. Finally, Janus Henderson Group PLC bought a new stake in New Residential Investment Corp. in the 2nd quarter valued at about $168,000. 47.79% of the stock is owned by institutional investors.

New Residential Investment Corp. Company Profile

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)

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