In a report published Friday, Keefe, Bruyette & Woods analyst Bose George reiterated an Outperform rating and $14.50 price target on New Residential Investment Corp. NRZ.
In the report, Keefe, Bruyette & Woods noted, “As part of the KBW Holiday Opportunities series, we are recommending shares of OP-rated New Residential (NRZ). We believe that NRZ, a mortgage REIT, provides an attractive return with limited interest rate risk. Further, we view NRZ's clean-up call opportunity as an incremental source of earnings that is not currently reflected in estimates.”
New Residential Investment Corp. closed on Wednesday at $12.77.
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