B.Riley FBR Reiterates a Buy Rating on New Residential Inv (NRZ)

By Ryan Adsit

B.Riley FBR analyst Timothy P. Hayes reiterated a Buy rating on New Residential Inv (NRZResearch Report) today and set a price target of $18.50. The company’s shares closed last Monday at $15.42.

According to TipRanks.com, Hayes is a 4-star analyst with an average return of 8.1% and a 81.6% success rate. Hayes covers the Financial sector, focusing on stocks such as Fidus Investment Corporation, Ready Capital Corporation, and Saratoga Investment Corp.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for New Residential Inv with a $18.67 average price target.

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The company has a one-year high of $18.30 and a one-year low of $13.63. Currently, New Residential Inv has an average volume of 3.36M.

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New Residential Investment Corp. is a real estate investment trust, which focuses on investing and actively managing, investments related to residential real estate. It operates through the followings segments: Excess Mortgage Servicing Rights (MSRs), MSRs, Servicer Advances, Real Estate Securities, Residential Mortgage Loans, Consumer Loans and Corporate.