FBR Capital Reiterates a Buy Rating on New Residential Inv.

By Ryan Adsit

In a report released yesterday, Jessica Levi-Ribner from FBR Capital reiterated a Buy rating on New Residential Inv. (NYSE: NRZ). The company’s shares opened today at $13.88.

According to TipRanks.com, Levi-Ribner is a 4-star analyst with an average return of 5.7% and a 70.7% success rate. Levi-Ribner covers the Financial sector, focusing on stocks such as Arlington Asset Investment, NorthStar Asset Management, and New York Mortgage Trust.

Currently, the analyst consensus on New Residential Inv. is Strong Buy and the average price target is $15.50, representing an 11.7% upside.

In a report released today, JMP Securities also reiterated a Buy rating on the stock.

New Residential Inv.’s market cap is currently $3.17B and has a P/E ratio of 8.46. The company has a book value ratio of 1.1126.

Based on the recent corporate insider activity of 7 insiders, corporate insider sentiment is negative on the stock. Most recently, in April 2015, Home Loan Servicing Solutions, Ltd., a Major Shareholder at NRZ bought 28,286,980 shares.

New Residential Investment Corp. is a real estate investment trust that focuses on investing in and actively managing, investments primarily related to residential real estate.