New Residential Investment (NRZ) Stock Rating Lowered by Vetr
New Residential Investment (NYSE:NRZ) was downgraded by stock analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Tuesday. They currently have a $18.60 price objective on the real estate investment trust’s stock. Vetr‘s price objective would indicate a potential upside of 11.78% from the company’s previous close.
Other equities analysts have also issued research reports about the company. B. Riley restated a “buy” rating on shares of New Residential Investment in a research note on Wednesday, November 1st. ValuEngine lowered New Residential Investment from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. FBR & Co reiterated a “buy” rating and issued a $19.25 target price on shares of New Residential Investment in a research note on Monday, October 30th. Wedbush upgraded New Residential Investment from a “neutral” rating to an “outperform” rating and set a $20.00 target price on the stock in a research note on Thursday, January 18th. Finally, Zacks Investment Research lowered New Residential Investment from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company. New Residential Investment currently has a consensus rating of “Buy” and a consensus price target of $18.64.
New Residential Investment (NYSE:NRZ) opened at $16.64 on Tuesday. The company has a market capitalization of $5,530.00, a price-to-earnings ratio of 5.39 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.
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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.
To view Vetr’s full report, visit Vetr’s official website.
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