NY based New Residential Investment Corp. (NYSE:NRZ) from a neutral rating to a buy rating in a research note released on Tuesday morning, The Fly reports. According to these analysts, the Low Revenue Estimate for New Residential Investment Corp.is 132.5 Million and the High Revenue Estimate is 189.8 Million.
On Thursday, Shares of New Residential Investment Corp (NYSE:NRZ) gained 1.48% to $15.75.
Shares of New Residential Investment Corp. (NYSE:NRZ) might hit $16.59, however, the High Price Target and Low price Target are $17 and $16, respectively. Finally, Public Employees Retirement System of OH boosted its position in shares of New Residential Investment Corp.by 19.8% in the second quarter. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. During the trading on 02/02/2017, Company's stock ranged from $15.56 to $15.87.
Growth Estimate for New Residential Investment Corp. (NYSE:NRZ) traded up 1.419% during midday trading on Tuesday, reaching $15.365. The stock exchanged hands with 9.56 million shares contrast to its average daily volume of 4.37 million shares. New Residential Investment Corp. The stock is now trading with a distance of 20-Day Simple Moving Average (SMA20) of -1.28%. The stock sank -0.38% last month and is up 0.19 this year.
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NRZ has been the subject of several other reports.
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Company latest quarter ended on 30 Sep 2016. Stockholders of record on Monday, March 27th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 12.19%.
05/18/2016 - New Residential Investment Corp. was downgraded to "neutral" by analysts at Compass Point. The stock was acquired at an average cost of $14.22 per share, for a total transaction of $187,704.00.
A number of large investors have recently made changes to their positions in NRZ. Vanguard Group Inc. raised its position in shares of New Residential Investment Corp.by 3.1% in the second quarter. Sloves Andrew now owns 11,700 shares in the company after this transaction. Its last month's stock price volatility remained 2.18% which for the week stands at 1.35%. Baldwin Brothers Inc. MA purchased a new stake in New Residential Investment Corp. during the third quarter worth $110,000.
In recent action, Ally Financial Inc. PNC Financial Services Group Inc. increased its stake in New Residential Investment Corp.by 58.3% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 7,319,950 shares of the real estate investment trust's stock valued at $101,308,000 after buying an additional 758,875 shares during the period. Finally, Public Employees Retirement System of OH boosted its position in shares of New Residential Investment Corp.by 19.8% in the second quarter.
3 analysts rated the stock of The Coca-Cola Company (NYSE:KO) as "STRONG BUY", 6 rated as "BUY" and 13 issued a "HOLD" rating.
New Residential Investment Corp.is a real estate investment trust (REIT).
To stick with focus on profitability valuation, The Western Union Company (NYSE:WU) also listed in significant eye catching mover, WU attains returns on investment ratio of 21.80%, which suggests it's viable on security that has lesser ROI.