Compass Point Initiates New Residential Investment At Buy

Analysts at Compass Point initiated coverage on New Residential Investment Corp NRZ with a Buy rating. The target price for New Residential Investment is set to $19. New Residential Investment shares have gained 35.90 percent over the past 52 weeks, while the S&P 500 index has surged 12.21 percent in the same period. New Residential Investment shares closed at $16.96 yesterday.