Economy

New Residential Investment Corp (NYSE:NRZ), Colgate-Palmolive Company (NYSE:CL)

New Residential Investment Corp (NYSE:NRZ), Colgate-Palmolive Company (NYSE:CL)

4 brokerages rating the stock a strong buy, 7 brokerages rating the stock a buy, 0 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell with a average stock price target of $16.14.

The target price for New Residential Investment Corp. The fund acquired 221,165 shares of the real estate investment trust's stock, valued at approximately $3,755,000. Further, New Residential Investment's investment portfolio has interest rate-related upside, leaving room for core earnings (and dividend) growth. Finally, Compass Point upgraded New Residential Investment Corp from a "neutral" rating to a "buy" rating in a report on Tuesday, January 31st.

NRZ has been the topic of several recent research reports. The analysts offering Earnings Estimates for the company were believing that New Residential Investment Corp. FBR & Co reaffirmed an "outperform" rating and set a $17.50 target price on shares of New Residential Investment Corp in a report on Tuesday, March 28th.

2 officers shot in downtown Seattle
The female suspect is in custody, another male suspect was apprehended after barricading himself in a nearby building. Officers discovered the body of a male suspect from the robbery after the shooting, according to a police statement.

Based on New Residential Investment's running quarterly dividend rate of $0.48/share, the shares would therefore be fairly priced at ~$21. (NYSE:NRZ). According to the most recently released broker notes, 5 analysts have a rating of "strong buy" on the stock, 4 analysts "buy", 1 analysts "neutral", 0 analysts "sell" and 0 analysts "strong sell". The company has a consensus rating of "Buy" and an average target price of $16.71.

Earnings per share (EPS) breaks down the profitability of the company on a single share basis, and for New Residential Investment Corp. the EPS stands at 0.62 for the previous quarter, while the analysts predicted the EPS of the stock to be 0.55, suggesting the stock exceeded the analysts' expectations. Company insiders own 4.00% of the company's stock. Its Price to Cash Flow ratio shows the value of 0, whereas, the industry and sector ratio of Price to Cash Flow ticked at 19.87 and 14.82 respectively.

New Residential Investment Corp (NYSE:NRZ) last posted its earnings results on Tuesday, February 21st. The real estate investment trust reported $0.62 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.55 by $0.07.

Fugitive Mexican ex-governor arrested for graft, awaits extradition
Businesses and properties have been seized by investigators, who've also frozen more than one hundred bank accounts. Mexico has 60 days to submit a formal request for extradition against Javier Duarte through diplomatic channels.

10/26/2016 - Nomura began new coverage on New Residential Investment Corp. giving the company a " rating. During the same quarter past year, the business posted $0.52 EPS. On average, equities analysts predict that New Residential Investment Corp will post $2.11 earnings per share for the current year. If you are viewing this report on another site, it was stolen and republished in violation of US & worldwide copyright & trademark law. If you are reading this article on another site, it was illegally stolen and reposted in violation of USA and global copyright legislation.

07/16/2015 - New Residential Investment Corp. had its " rating reiterated by analysts at UBS. Shareholders of record on Monday, March 27th will be issued a dividend of $0.48 per share. Additionally, JMP Securities Initiated its ratings on the stock to Mkt Outperform. The ex-dividend date of this dividend is Thursday, March 23rd. This represents a $1.92 annualized dividend and a yield of 11.11%. The Company's other investments consist of consumer loans. They now have a United States dollars 15 price target on the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

A number of other hedge funds also recently made changes to their positions in the stock. They now have a Dollars 18 price target on the stock. Meeder Asset Management Inc. bought a new stake in New Residential Investment Corp during the third quarter valued at $516,000. Chicago Equity Partners LLC increased its stake in New Residential Investment Corp by 53.1% in the third quarter. Aperio Group LLC now owns 37,125 shares of the real estate investment trust's stock valued at $513,000 after buying an additional 1,206 shares during the last quarter.

Trump calls Erdogan, seeks support in Syria
Two worldwide observer missions said the referendum campaign had been conducted in an unfair environment in which opposition voices were suppressed.

In related news, CEO Michael Nierenberg purchased 18,600 shares of New Residential Investment Corp stock in a transaction that occurred on Friday, February 3rd. Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data.


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