Nomura Holdings Reiterates a Hold Rating on New Residential Inv.

By Carrie Williams

In a report released today, Brock Vandervliet from Nomura Holdings reiterated a Hold rating on New Residential Inv. (NYSE: NRZ), with a price target of $15. The company’s shares opened today at $13.80.

According to TipRanks.com, Vandervliet is a 4-star analyst with an average return of 5.6% and a 62.5% success rate. Vandervliet covers the Financial sector, focusing on stocks such as Chimera Investment Corp., American Capital Agency, and Altisource Residential.

New Residential Inv. has an analyst consensus of Strong Buy, with a price target consensus of $15.50.

Based on New Residential Inv.’s latest earnings report from March 31, the company posted quarterly revenue of $137.5M and quarterly net profit of $111.7M. In comparison, last year the company earned revenue of $85.38M and had a net profit of $54.53M.

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.