New Residential Investment (NRZ) Stock Rating Lowered by Vetr

New Residential Investment (NYSE:NRZ) was downgraded by investment analysts at Vetr from a “strong-buy” rating to a “buy” rating in a note issued to investors on Tuesday. They presently have a $18.60 price objective on the real estate investment trust’s stock. Vetr‘s price objective points to a potential upside of 11.78% from the company’s previous close.

Other analysts also recently issued reports about the company. B. Riley reiterated a “buy” rating on shares of New Residential Investment in a research report on Wednesday, November 1st. ValuEngine downgraded New Residential Investment from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. FBR & Co reiterated a “buy” rating and set a $19.25 target price on shares of New Residential Investment in a research report on Monday, October 30th. Wedbush upgraded New Residential Investment from a “neutral” rating to an “outperform” rating and set a $20.00 target price for the company in a research report on Thursday, January 18th. Finally, Zacks Investment Research downgraded New Residential Investment from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. One research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $18.64.

Shares of New Residential Investment (NRZ) opened at $16.64 on Tuesday. New Residential Investment has a 52-week low of $15.04 and a 52-week high of $18.43. The stock has a market capitalization of $5,530.00, a price-to-earnings ratio of 5.39 and a beta of 0.92.

Several large investors have recently added to or reduced their stakes in NRZ. Ameriprise Financial Inc. increased its stake in shares of New Residential Investment by 1,914.5% during the second quarter. Ameriprise Financial Inc. now owns 340,313 shares of the real estate investment trust’s stock valued at $5,298,000 after buying an additional 323,420 shares during the period. FMR LLC increased its stake in shares of New Residential Investment by 0.9% during the second quarter. FMR LLC now owns 1,113,550 shares of the real estate investment trust’s stock valued at $17,327,000 after buying an additional 10,338 shares during the period. Balyasny Asset Management LLC purchased a new position in shares of New Residential Investment during the second quarter valued at $254,000. HighTower Advisors LLC increased its stake in shares of New Residential Investment by 72.9% during the second quarter. HighTower Advisors LLC now owns 39,185 shares of the real estate investment trust’s stock valued at $611,000 after buying an additional 16,520 shares during the period. Finally, Janus Henderson Group PLC purchased a new position in shares of New Residential Investment during the second quarter valued at $168,000. Institutional investors and hedge funds own 45.28% of the company’s stock.

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New Residential Investment 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 (NYSE:NRZ)

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