Vetr upgraded shares of New Residential Investment (NYSE:NRZ) from a buy rating to a strong-buy rating in a research note published on Monday. They currently have $18.76 target price on the real estate investment trust’s stock.

Several other research analysts have also commented on the stock. FBR & Co reiterated a buy rating and set a $17.50 price objective on shares of New Residential Investment in a research note on Monday, October 9th. Zacks Investment Research lowered shares of New Residential Investment from a hold rating to a sell rating in a research note on Wednesday, January 3rd. Barclays boosted their price objective on shares of New Residential Investment from $16.00 to $19.00 and gave the stock an overweight rating in a research note on Tuesday, October 24th. Wedbush upgraded shares of New Residential Investment from a neutral rating to an outperform rating and set a $20.00 price objective for the company in a research note on Thursday, January 18th. Finally, B. Riley reiterated a buy rating and set a $19.25 price objective on shares of New Residential Investment in a research note on Wednesday, November 29th. One analyst has rated the stock with a sell rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. New Residential Investment presently has a consensus rating of Buy and a consensus target price of $18.66.

New Residential Investment (NRZ) opened at $16.25 on Monday. The company has a market cap of $5,350.00, a P/E ratio of 5.21 and a beta of 0.92. New Residential Investment has a 52 week low of $15.04 and a 52 week high of $18.43.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 30th. Shareholders of record on Friday, December 29th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $2.00 dividend on an annualized basis and a yield of 12.31%. New Residential Investment’s payout ratio is 64.72%.

A number of institutional investors have recently modified their holdings of the business. Navellier & Associates Inc increased its stake in New Residential Investment by 2.8% during the 2nd quarter. Navellier & Associates Inc now owns 44,910 shares of the real estate investment trust’s stock valued at $699,000 after purchasing an additional 1,220 shares in the last quarter. Commonwealth Equity Services Inc increased its stake in New Residential Investment by 4.1% during the 3rd quarter. Commonwealth Equity Services Inc now owns 79,794 shares of the real estate investment trust’s stock valued at $1,334,000 after purchasing an additional 3,124 shares in the last quarter. IFP Advisors Inc increased its stake in New Residential Investment by 46.3% during the 3rd quarter. IFP Advisors Inc now owns 10,525 shares of the real estate investment trust’s stock valued at $176,000 after purchasing an additional 3,331 shares in the last quarter. Brookstone Capital Management boosted its holdings in shares of New Residential Investment by 18.8% in the 3rd quarter. Brookstone Capital Management now owns 21,158 shares of the real estate investment trust’s stock valued at $354,000 after acquiring an additional 3,342 shares during the last quarter. Finally, Eagle Asset Management Inc. boosted its holdings in shares of New Residential Investment by 0.3% in the 3rd quarter. Eagle Asset Management Inc. now owns 1,071,449 shares of the real estate investment trust’s stock valued at $18,150,000 after acquiring an additional 3,387 shares during the last quarter. Institutional investors and hedge funds own 45.14% of the company’s stock.

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About New Residential Investment

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 (NYSE:NRZ)

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