Raymond James Keeps Their Buy Rating on New Residential Inv (NRZ)

Raymond James analyst Stephen Laws reiterated a Buy rating on New Residential Inv (NRZResearch Report) yesterday. The company’s shares closed last Wednesday at $7.46.

According to TipRanks.com, Laws is a 4-star analyst with an average return of 4.6% and a 57.0% success rate. Laws covers the Financial sector, focusing on stocks such as Colony Credit Real Estate, Kkr Real Estate Finance, and Granite Point Mortgage.

New Residential Inv has an analyst consensus of Strong Buy, with a price target consensus of $10.25, representing a 32.9% upside. In a report issued on September 10, B.Riley FBR also reiterated a Buy rating on the stock with a $9.50 price target.

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The company has a one-year high of $17.66 and a one-year low of $2.91. Currently, New Residential Inv has an average volume of 4.97M.

Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NRZ in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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 following segments: Origination, Servicing, MSR Related Investments, Residential Securities and Loans, Consumer Loans and Corporate. The Corporate segment includes general and administrative expenses, the management fees and incentive compensation, and corporate cash and related interest income. The company was founded in 2011 and is headquartered in New York, NY.